City Holding Co. Has $156,000 Stock Position in MDU Resources Group, Inc. (NYSE:MDU)

City Holding Co. reduced its position in MDU Resources Group, Inc. (NYSE:MDU) by 12.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,705 shares of the utilities provider’s stock after selling 825 shares during the period. City Holding Co.’s holdings in MDU Resources Group were worth $156,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlas Capital Advisors LLC acquired a new stake in shares of MDU Resources Group in the 2nd quarter valued at $27,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of MDU Resources Group by 23.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider’s stock worth $54,000 after buying an additional 413 shares during the last quarter. Tompkins Financial Corp boosted its stake in shares of MDU Resources Group by 22.2% during the 1st quarter. Tompkins Financial Corp now owns 4,404 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 800 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of MDU Resources Group during the 2nd quarter valued at about $163,000. Finally, Point72 DIFC Ltd bought a new position in shares of MDU Resources Group in the 2nd quarter valued at approximately $181,000. 71.44% of the stock is owned by hedge funds and other institutional investors.

MDU Resources Group Stock Up 0.1 %

MDU stock opened at $28.13 on Thursday. MDU Resources Group, Inc. has a twelve month low of $18.04 and a twelve month high of $28.71. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. The company has a market cap of $5.73 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 2.62 and a beta of 0.77. The business’s 50-day simple moving average is $25.87 and its 200 day simple moving average is $25.37.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.11. MDU Resources Group had a net margin of 9.25% and a return on equity of 11.29%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, research analysts anticipate that MDU Resources Group, Inc. will post 1.58 earnings per share for the current year.

MDU Resources Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Thursday, September 12th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.85%. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.13. MDU Resources Group’s dividend payout ratio is currently 22.22%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of MDU Resources Group from a “buy” rating to a “hold” rating in a report on Friday, July 26th.

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.