MDU Resources Group Inc (MDU) Holdings Cut by SG Americas Securities LLC
SG Americas Securities LLC lowered its stake in shares of MDU Resources Group Inc (NYSE:MDU) by 10.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,067 shares of the utilities provider’s stock after selling 4,013 shares during the period. SG Americas Securities LLC’s holdings in MDU Resources Group were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Whittier Trust Co. bought a new position in MDU Resources Group during the second quarter worth about $105,000. Clarus Wealth Advisors bought a new position in MDU Resources Group during the second quarter worth about $108,000. TLP Group LLC boosted its holdings in MDU Resources Group by 268,566.7% during the first quarter. TLP Group LLC now owns 8,060 shares of the utilities provider’s stock worth $227,000 after buying an additional 8,057 shares during the last quarter. Strs Ohio bought a new position in MDU Resources Group during the second quarter worth about $474,000. Finally, Eqis Capital Management Inc. lifted its holdings in shares of MDU Resources Group by 92.3% during the 2nd quarter. Eqis Capital Management Inc. now owns 16,772 shares of the utilities provider’s stock valued at $481,000 after purchasing an additional 8,051 shares in the last quarter. Hedge funds and other institutional investors own 63.92% of the company’s stock.
NYSE:MDU opened at $28.09 on Friday. MDU Resources Group Inc has a fifty-two week low of $24.29 and a fifty-two week high of $29.62. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.71. The stock has a market cap of $5.50 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 3.12 and a beta of 0.59.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Thursday, September 13th will be issued a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, September 12th. MDU Resources Group’s dividend payout ratio (DPR) is presently 63.20%.
Several equities analysts have recently weighed in on MDU shares. KeyCorp lifted their price objective on MDU Resources Group from $29.00 to $30.00 and gave the company a “$29.34” rating in a report on Thursday, July 19th. Citigroup lifted their price objective on MDU Resources Group from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.25.
MDU Resources Group Profile
MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services.
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