Amalgamated Bank Sells 33,786 Shares of MDU Resources Group, Inc. (NYSE:MDU)

Amalgamated Bank lowered its position in MDU Resources Group, Inc. (NYSE:MDU) by 34.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,439 shares of the utilities provider’s stock after selling 33,786 shares during the period. Amalgamated Bank’s holdings in MDU Resources Group were worth $1,143,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MDU. Bank of New York Mellon Corp grew its stake in shares of MDU Resources Group by 18.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,110,595 shares of the utilities provider’s stock valued at $38,033,000 after purchasing an additional 324,757 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of MDU Resources Group in the fourth quarter worth approximately $763,000. Concurrent Investment Advisors LLC purchased a new stake in MDU Resources Group during the fourth quarter valued at approximately $294,000. Private Advisor Group LLC increased its holdings in MDU Resources Group by 5.5% during the fourth quarter. Private Advisor Group LLC now owns 70,373 shares of the utilities provider’s stock valued at $1,268,000 after buying an additional 3,682 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in MDU Resources Group in the fourth quarter worth approximately $361,000. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Insider Transactions at MDU Resources Group

In related news, Director Dennis W. Johnson purchased 30,000 shares of MDU Resources Group stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $16.64 per share, for a total transaction of $499,200.00. Following the acquisition, the director now owns 180,166 shares in the company, valued at approximately $2,997,962.24. The trade was a 19.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MDU shares. Siebert Williams Shank upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Monday, November 4th. Jefferies Financial Group assumed coverage on MDU Resources Group in a research report on Wednesday, January 8th. They set a “hold” rating and a $18.00 target price on the stock. StockNews.com cut MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Finally, Bank of America raised MDU Resources Group from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $31.00 to $17.00 in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.00.

MDU Resources Group Trading Down 0.5 %

Shares of MDU stock opened at $17.16 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.15. The stock has a fifty day simple moving average of $17.60 and a two-hundred day simple moving average of $21.49. The firm has a market capitalization of $3.51 billion, a PE ratio of 12.43, a PEG ratio of 2.76 and a beta of 0.80. MDU Resources Group, Inc. has a 52-week low of $14.91 and a 52-week high of $30.52.

MDU Resources Group (NYSE:MDU) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. On average, analysts predict that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Thursday, March 13th. MDU Resources Group’s dividend payout ratio (DPR) is currently 37.68%.

MDU Resources Group 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.