Arcadia Investment Management Corp MI Sells 11,520 Shares of MDU Resources Group, Inc. (NYSE:MDU)

Arcadia Investment Management Corp MI reduced its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 67.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,660 shares of the utilities provider’s stock after selling 11,520 shares during the period. Arcadia Investment Management Corp MI’s holdings in MDU Resources Group were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

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

MDU Resources Group Price Performance

Shares of MDU Resources Group stock traded up $0.14 during trading on Thursday, reaching $25.55. 1,201,976 shares of the stock traded hands, compared to its average volume of 1,260,164. 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 0.78, a current ratio of 1.43 and a quick ratio of 1.37. The business has a fifty day simple moving average of $23.96 and a two-hundred day simple moving average of $21.04. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 2.69 and a beta of 0.78.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.33 billion. MDU Resources Group had a return on equity of 11.42% and a net margin of 10.74%. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. Sell-side analysts expect that MDU Resources Group, Inc. will post 1.55 EPS for the current year.

MDU Resources Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Thursday, March 14th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Wednesday, March 13th. MDU Resources Group’s payout ratio is 21.37%.

Insider Buying and Selling at MDU Resources Group

In other MDU Resources Group news, insider Rob L. Johnson bought 36,291 shares of MDU Resources Group stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average cost of $25.46 per share, for a total transaction of $923,968.86. Following the acquisition, the insider now directly owns 41,934 shares in the company, valued at approximately $1,067,639.64. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.