Retirement Systems of Alabama Has $5.05 Million Stock Holdings in MDU Resources Group, Inc. (NYSE:MDU)

Retirement Systems of Alabama increased its stake in MDU Resources Group, Inc. (NYSE:MDU) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 255,047 shares of the utilities provider’s stock after purchasing an additional 784 shares during the period. Retirement Systems of Alabama owned approximately 0.13% of MDU Resources Group worth $5,050,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its holdings in MDU Resources Group by 48.7% in the 3rd quarter. FMR LLC now owns 3,585,707 shares of the utilities provider’s stock valued at $70,208,000 after buying an additional 1,174,799 shares during the period. River Road Asset Management LLC raised its position in MDU Resources Group by 49.6% during the fourth quarter. River Road Asset Management LLC now owns 2,931,590 shares of the utilities provider’s stock valued at $58,045,000 after purchasing an additional 972,540 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of MDU Resources Group by 24.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,775,161 shares of the utilities provider’s stock worth $35,148,000 after buying an additional 352,540 shares during the last quarter. US Bancorp DE lifted its holdings in shares of MDU Resources Group by 1.2% in the third quarter. US Bancorp DE now owns 1,729,704 shares of the utilities provider’s stock worth $33,868,000 after acquiring an additional 20,970 shares during the last quarter. Finally, Sasco Capital Inc. CT increased its position in MDU Resources Group by 50.4% during the 3rd quarter. Sasco Capital Inc. CT now owns 1,548,541 shares of the utilities provider’s stock worth $30,320,000 after purchasing an additional 518,820 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

MDU Resources Group Stock Performance

NYSE:MDU opened at $25.06 on Monday. The stock’s 50-day moving average is $23.64 and its 200-day moving average is $20.89. MDU Resources Group, Inc. has a 1-year low of $18.04 and a 1-year high of $25.78. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.77. The stock has a market cap of $5.11 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 2.78 and a beta of 0.78.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.33 billion. MDU Resources Group had a return on equity of 11.61% and a net margin of 10.74%. The business’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 EPS. Equities research analysts anticipate that MDU Resources Group, Inc. will post 1.55 earnings per share for the current year.

MDU Resources Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Thursday, March 14th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Wednesday, March 13th. MDU Resources Group’s dividend payout ratio is presently 21.37%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd.

MDU Resources Group Profile

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.