Mutual of America Capital Management LLC Trims Stake in MDU Resources Group, Inc. (NYSE:MDU)

Mutual of America Capital Management LLC reduced its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,843 shares of the utilities provider’s stock after selling 6,538 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of MDU Resources Group worth $2,492,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MDU. Belpointe Asset Management LLC increased its holdings in shares of MDU Resources Group by 59.7% in the 1st quarter. Belpointe Asset Management LLC now owns 1,070 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 400 shares during the period. Money Concepts Capital Corp bought a new position in MDU Resources Group in the fourth quarter worth about $33,000. Stonebridge Capital Advisors LLC raised its holdings in MDU Resources Group by 71.0% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,325 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 550 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in MDU Resources Group in the second quarter worth about $39,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in MDU Resources Group by 22.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,909 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 350 shares in the last quarter. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

MDU Resources Group Stock Performance

Shares of MDU Resources Group stock opened at $24.02 on Friday. The company has a market capitalization of $4.90 billion, a PE ratio of 11.77, a P/E/G ratio of 2.62 and a beta of 0.78. 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 company has a 50-day simple moving average of $22.86 and a two-hundred day simple moving average of $20.47. MDU Resources Group, Inc. has a one year low of $18.04 and a one year high of $25.78.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Thursday, February 8th. The utilities provider reported $0.48 EPS for the quarter. MDU Resources Group had a net margin of 8.35% and a return on equity of 8.84%. The business had revenue of $1.14 billion during the quarter. Research analysts expect that MDU Resources Group, Inc. will post 1.5 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 14th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.08%. MDU Resources Group’s dividend payout ratio (DPR) is currently 24.51%.

Wall Street Analysts Forecast Growth

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

MDU Resources Group Company 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.