MDU Resources Group, Inc. (NYSE:MDU) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC trimmed its stake in shares of MDU Resources Group, Inc. (NYSE:MDUFree Report) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,689 shares of the utilities provider’s stock after selling 3,206 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in MDU Resources Group were worth $521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MDU. Belpointe Asset Management LLC raised its position in shares of MDU Resources Group by 59.7% during the 1st quarter. Belpointe Asset Management LLC now owns 1,070 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 400 shares during the period. Money Concepts Capital Corp acquired a new stake in MDU Resources Group in the 4th quarter valued at approximately $33,000. Itau Unibanco Holding S.A. acquired a new stake in MDU Resources Group in the 2nd quarter valued at approximately $39,000. Stonebridge Capital Advisors LLC increased its position in MDU Resources Group by 71.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,325 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 550 shares during the period. Finally, Farther Finance Advisors LLC increased its position in MDU Resources Group by 75.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,994 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 860 shares during the period. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Stock Up 2.9 %

MDU opened at $25.20 on Friday. MDU Resources Group, Inc. has a 12 month low of $18.04 and a 12 month high of $25.23. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.19. The stock has a market cap of $5.13 billion, a P/E ratio of 12.35, a P/E/G ratio of 2.55 and a beta of 0.76. The stock’s 50 day moving average price is $21.36 and its 200 day moving average price is $19.98.

MDU Resources Group (NYSE:MDUGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter. The firm had revenue of $1.14 billion during the quarter. MDU Resources Group had a return on equity of 8.84% and a net margin of 8.35%. As a group, research analysts predict that MDU Resources Group, Inc. will post 1.52 earnings per share for the current year.

MDU Resources Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Thursday, March 14th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Wednesday, March 13th. MDU Resources Group’s payout ratio is currently 24.51%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded MDU Resources Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st.

Read Our Latest Analysis on MDU Resources Group

MDU Resources Group Profile

(Free Report)

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.

See Also

Institutional Ownership by Quarter for MDU Resources Group (NYSE:MDU)

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