First Interstate Bank boosted its stake in MDU Resources Group, Inc. (NYSE:MDU) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,168 shares of the utilities provider’s stock after buying an additional 1,396 shares during the period. First Interstate Bank’s holdings in MDU Resources Group were worth $1,893,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of MDU Resources Group during the fourth quarter valued at $52,324,000. State Street Corp raised its stake in shares of MDU Resources Group by 10.9% in the fourth quarter. State Street Corp now owns 13,420,759 shares of the utilities provider’s stock worth $386,121,000 after buying an additional 1,315,574 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of MDU Resources Group by 29.0% in the first quarter. Bank of New York Mellon Corp now owns 4,564,740 shares of the utilities provider’s stock worth $124,937,000 after buying an additional 1,025,203 shares in the last quarter. Parnassus Investments CA raised its position in MDU Resources Group by 5.4% in the first quarter. Parnassus Investments CA now owns 14,628,855 shares of the utilities provider’s stock worth $388,561,000 after buying an additional 753,328 shares during the period. Finally, Numeric Investors LLC bought a new position in MDU Resources Group during the fourth quarter worth $16,857,000. Institutional investors own 63.87% of the company’s stock.

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

Shares of MDU Resources Group, Inc. (NYSE:MDU) opened at 27.50 on Friday. MDU Resources Group, Inc. has a one year low of $22.47 and a one year high of $29.92. The stock has a market cap of $5.37 billion, a P/E ratio of 70.51 and a beta of 0.87. The firm’s 50-day moving average price is $26.66 and its 200 day moving average price is $27.50.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The firm had revenue of $937.90 million during the quarter, compared to analysts’ expectations of $921.39 million. MDU Resources Group had a net margin of 1.83% and a return on equity of 10.47%. During the same period in the prior year, the company posted $0.17 earnings per share. Equities research analysts expect that MDU Resources Group, Inc. will post $1.20 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 1st. Investors of record on Thursday, June 8th will be issued a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Tuesday, June 6th. MDU Resources Group’s dividend payout ratio is presently 202.64%.

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Separately, Zacks Investment Research raised MDU Resources Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 5th.

MDU Resources Group Company Profile

MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.

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