Tiaa Fsb lowered its holdings in Mdu Resources Group Inc (NYSE:MDU) by 5.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,719 shares of the utilities provider’s stock after selling 1,656 shares during the period. Tiaa Fsb’s holdings in Mdu Resources Group were worth $690,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Mdu Resources Group by 2.5% in the third quarter. Vanguard Group Inc. now owns 21,140,280 shares of the utilities provider’s stock valued at $543,094,000 after acquiring an additional 523,599 shares during the last quarter. Vanguard Group Inc lifted its stake in Mdu Resources Group by 2.5% in the third quarter. Vanguard Group Inc now owns 21,140,280 shares of the utilities provider’s stock valued at $543,094,000 after acquiring an additional 523,599 shares during the last quarter. BlackRock Inc. lifted its stake in Mdu Resources Group by 4.1% in the fourth quarter. BlackRock Inc. now owns 18,376,417 shares of the utilities provider’s stock valued at $438,095,000 after acquiring an additional 723,202 shares during the last quarter. Geode Capital Management LLC lifted its stake in Mdu Resources Group by 15.4% in the fourth quarter. Geode Capital Management LLC now owns 2,957,670 shares of the utilities provider’s stock valued at $70,510,000 after acquiring an additional 393,966 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Mdu Resources Group by 5.6% in the fourth quarter. Prudential Financial Inc. now owns 2,531,258 shares of the utilities provider’s stock valued at $60,346,000 after acquiring an additional 134,195 shares during the last quarter. 67.03% of the stock is owned by institutional investors and hedge funds.
Shares of MDU stock opened at $25.59 on Friday. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 2.43 and a beta of 0.67. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. Mdu Resources Group Inc has a one year low of $22.73 and a one year high of $29.62.
The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 14th were paid a dividend of $0.2025 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Wednesday, March 13th. Mdu Resources Group’s dividend payout ratio is presently 58.70%.
A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Mdu Resources Group from a “sell” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Thursday, January 3rd. Williams Capital reiterated a “buy” rating on shares of Mdu Resources Group in a research note on Monday, March 18th.
In related news, Director David M. Sparby bought 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $25.75 per share, for a total transaction of $77,250.00. Following the purchase, the director now owns 4,726 shares in the company, valued at approximately $121,694.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.05% of the company’s stock.
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Mdu Resources Group Company 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.
Further Reading: Ex-Dividend
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