Americana Partners LLC Sells 1,669 Shares of MDU Resources Group, Inc. (NYSE:MDU)

Americana Partners LLC trimmed its stake in MDU Resources Group, Inc. (NYSE:MDU) by 17.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,129 shares of the utilities provider’s stock after selling 1,669 shares during the period. Americana Partners LLC’s holdings in MDU Resources Group were worth $223,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in MDU Resources Group in the third quarter worth about $25,000. Atlas Capital Advisors LLC purchased a new stake in MDU Resources Group in the 2nd quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. raised its stake in MDU Resources Group by 23.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 413 shares during the period. Blue Trust Inc. lifted its holdings in MDU Resources Group by 238.1% during the third quarter. Blue Trust Inc. now owns 2,935 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 2,067 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of MDU Resources Group in the second quarter worth approximately $163,000. 71.44% of the stock is owned by institutional investors.

MDU Resources Group Price Performance

Shares of NYSE:MDU opened at $15.10 on Friday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 7.55, a P/E/G ratio of 2.71 and a beta of 0.76. The firm has a fifty day moving average price of $27.00 and a 200 day moving average price of $25.81. MDU Resources Group, Inc. has a fifty-two week low of $14.91 and a fifty-two week high of $30.52. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.22.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.21 by $0.11. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. MDU Resources Group had a net margin of 9.25% and a return on equity of 11.29%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. As a group, sell-side analysts expect that MDU Resources Group, Inc. will post 1.57 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, October 21st were paid a $12.875 dividend. The ex-dividend date was Friday, November 1st. MDU Resources Group’s payout ratio is 26.00%.

Analyst Ratings Changes

MDU has been the topic of a number of analyst reports. StockNews.com assumed coverage on shares of MDU Resources Group in a research note on Monday, October 28th. They set a “hold” rating on the stock. Bank of America restated a “neutral” rating and issued a $31.00 price objective (up from $30.00) on shares of MDU Resources Group in a research report on Monday, October 21st.

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.