State Street Corp lowered its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 10.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 12,059,598 shares of the utilities provider’s stock after selling 1,361,161 shares during the period. State Street Corp owned approximately 6.17% of MDU Resources Group worth $330,072,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MDU. Vanguard Group Inc. boosted its stake in MDU Resources Group by 17.7% in the first quarter. Vanguard Group Inc. now owns 22,988,073 shares of the utilities provider’s stock worth $629,183,000 after buying an additional 3,465,196 shares during the last quarter. BlackRock Inc. boosted its stake in MDU Resources Group by 3,744.8% in the first quarter. BlackRock Inc. now owns 16,186,762 shares of the utilities provider’s stock worth $443,033,000 after buying an additional 15,765,763 shares during the last quarter. Parnassus Investments CA boosted its stake 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 last quarter. Bank of New York Mellon Corp boosted its stake in 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 during the last quarter. Finally, Norges Bank purchased a new stake in MDU Resources Group during the fourth quarter worth approximately $52,324,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

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

Shares of MDU Resources Group, Inc. (MDU) traded down 0.452% during midday trading on Tuesday, reaching $27.555. 420,864 shares of the company traded hands. The company has a market capitalization of $5.38 billion, a PE ratio of 70.654 and a beta of 0.87. The company has a 50 day moving average price of $26.68 and a 200 day moving average price of $27.48. MDU Resources Group, Inc. has a 1-year low of $22.47 and a 1-year high of $29.92.

MDU Resources Group (NYSE:MDU) last released its earnings results on Wednesday, May 3rd. The utilities provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The company had revenue of $937.90 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $0.17 EPS. On average, analysts expect that MDU Resources Group, Inc. will post $1.20 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, July 1st. Shareholders of record on Thursday, June 8th will be given a dividend of $0.1925 per share. This represents a $0.77 annualized dividend and a yield of 2.78%. 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 cut shares of MDU Resources Group from a “hold” rating to a “sell” rating in a report on Saturday, May 13th.

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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