California Public Employees Retirement System Has $7.19 Million Stock Position in MDU Resources Group, Inc. (NYSE:MDU)

California Public Employees Retirement System cut its position in MDU Resources Group, Inc. (NYSE:MDU) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 363,210 shares of the utilities provider’s stock after selling 2,616 shares during the period. California Public Employees Retirement System owned 0.18% of MDU Resources Group worth $7,192,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Graham Capital Management L.P. bought a new position in MDU Resources Group in the 3rd quarter valued at $958,000. American Century Companies Inc. raised its holdings in shares of MDU Resources Group by 986.4% in the third quarter. American Century Companies Inc. now owns 532,361 shares of the utilities provider’s stock valued at $10,424,000 after buying an additional 483,358 shares during the last quarter. Oak Thistle LLC lifted its position in MDU Resources Group by 248.4% during the 4th quarter. Oak Thistle LLC now owns 56,077 shares of the utilities provider’s stock worth $1,110,000 after buying an additional 39,980 shares in the last quarter. River Road Asset Management LLC lifted its position in MDU Resources Group by 49.6% during the 4th quarter. River Road Asset Management LLC now owns 2,931,590 shares of the utilities provider’s stock worth $58,045,000 after buying an additional 972,540 shares in the last quarter. Finally, FMR LLC grew its holdings in MDU Resources Group by 48.7% during the 3rd quarter. FMR LLC now owns 3,585,707 shares of the utilities provider’s stock worth $70,208,000 after acquiring an additional 1,174,799 shares during the last quarter. 71.44% of the stock is owned by institutional investors.

MDU Resources Group Stock Down 0.1 %

NYSE MDU opened at $25.06 on Friday. The stock has a market capitalization of $5.11 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 2.76 and a beta of 0.78. MDU Resources Group, Inc. has a 52 week low of $18.04 and a 52 week high of $25.78. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.19 and a current ratio of 1.27. The stock has a fifty day moving average of $23.64 and a 200-day moving average of $20.87.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. MDU Resources Group had a return on equity of 8.84% and a net margin of 8.35%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company earned $0.23 earnings per share. The company’s revenue was down 15.1% on a year-over-year basis. On average, equities research analysts forecast that MDU Resources Group, Inc. will post 1.5 EPS for the current year.

MDU Resources Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Thursday, March 14th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.50 annualized dividend and a yield of 2.00%. MDU Resources Group’s dividend payout ratio is currently 24.51%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd.

About MDU Resources Group

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.