Aviva PLC lessened its stake in shares of Mdu Resources Group Inc (NYSE:MDU) by 22.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,509 shares of the utilities provider’s stock after selling 20,549 shares during the period. Aviva PLC’s holdings in Mdu Resources Group were worth $1,729,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Miller Howard Investments Inc. NY grew its position in Mdu Resources Group by 3.0% during the 4th quarter. Miller Howard Investments Inc. NY now owns 186,405 shares of the utilities provider’s stock worth $4,444,000 after purchasing an additional 5,477 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Mdu Resources Group by 29.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,728,811 shares of the utilities provider’s stock worth $44,412,000 after purchasing an additional 393,835 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Mdu Resources Group during the 3rd quarter worth approximately $1,296,000. Legal & General Group Plc grew its position in Mdu Resources Group by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 970,259 shares of the utilities provider’s stock worth $24,926,000 after purchasing an additional 25,978 shares during the last quarter. Finally, Federated Investors Inc. PA grew its position in Mdu Resources Group by 1,368.8% during the 3rd quarter. Federated Investors Inc. PA now owns 1,634,653 shares of the utilities provider’s stock worth $41,994,000 after purchasing an additional 1,523,364 shares during the last quarter. 66.17% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised shares of Mdu Resources Group from a “sell” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Thursday, January 3rd.
Mdu Resources Group (NYSE:MDU) last released its quarterly earnings data on Tuesday, February 5th. The utilities provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Mdu Resources Group had a net margin of 6.01% and a return on equity of 10.80%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. On average, research analysts expect that Mdu Resources Group Inc will post 1.48 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Thursday, March 14th will be issued a $0.2025 dividend. This represents a $0.81 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Wednesday, March 13th. Mdu Resources Group’s dividend payout ratio (DPR) is currently 58.70%.
In other Mdu Resources Group news, Director David M. Sparby acquired 3,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average cost of $25.75 per share, with a total value of $77,250.00. Following the acquisition, the director now directly owns 4,726 shares of the company’s stock, valued at $121,694.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.98% of the stock is owned by corporate insiders.
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About Mdu Resources Group
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.
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