First PREMIER Bank Sells 690 Shares of MDU Resources Group, Inc. (NYSE:MDU)

First PREMIER Bank lessened its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 2.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,067 shares of the utilities provider’s stock after selling 690 shares during the quarter. First PREMIER Bank’s holdings in MDU Resources Group were worth $779,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MDU. TFO Wealth Partners LLC grew its position in shares of MDU Resources Group by 16,070.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,617 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 1,607 shares during the period. Tompkins Financial Corp raised its position in MDU Resources Group by 22.2% in the 1st quarter. Tompkins Financial Corp now owns 4,404 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 800 shares during the period. Mendota Financial Group LLC raised its position in MDU Resources Group by 32.9% in the 1st quarter. Mendota Financial Group LLC now owns 5,920 shares of the utilities provider’s stock worth $149,000 after purchasing an additional 1,465 shares during the period. IVC Wealth Advisors LLC purchased a new position in shares of MDU Resources Group in the first quarter valued at about $202,000. Finally, Ballentine Partners LLC purchased a new position in shares of MDU Resources Group in the first quarter valued at about $207,000. Institutional investors own 71.44% of the company’s stock.

MDU Resources Group Stock Up 0.4 %

Shares of MDU Resources Group stock traded up $0.11 on Thursday, reaching $24.31. The stock had a trading volume of 848,622 shares, compared to its average volume of 1,202,397. The company has a 50 day moving average price of $25.36 and a 200 day moving average price of $24.03. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.78. MDU Resources Group, Inc. has a 1 year low of $18.04 and a 1 year high of $27.30. The stock has a market capitalization of $4.96 billion, a P/E ratio of 10.39, a P/E/G ratio of 2.86 and a beta of 0.77.

MDU Resources Group (NYSE:MDU) last announced 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 analysts’ expectations of $1.06 billion. MDU Resources Group had a net margin of 10.74% and a return on equity of 11.42%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. As a group, equities research analysts forecast that MDU Resources Group, Inc. will post 1.55 EPS for the current year.

MDU Resources Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th will be given a dividend of $0.13 per share. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a dividend yield of 2.14%. MDU Resources Group’s payout ratio is presently 21.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Argus raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Monday, May 20th. StockNews.com lowered shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research report on Friday, July 26th.

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.