SeaCrest Wealth Management LLC Sells 946 Shares of MDU Resources Group, Inc. (NYSE:MDU)

SeaCrest Wealth Management LLC reduced its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 5.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,761 shares of the utilities provider’s stock after selling 946 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in MDU Resources Group were worth $446,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. TFO Wealth Partners LLC boosted its position in MDU Resources Group by 16,070.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,617 shares of the utilities provider’s stock valued at $32,000 after buying an additional 1,607 shares during the period. Tompkins Financial Corp boosted its position in MDU Resources Group by 22.2% during the first quarter. Tompkins Financial Corp now owns 4,404 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 800 shares in the last quarter. Mendota Financial Group LLC grew its stake in MDU Resources Group by 32.9% in the first quarter. Mendota Financial Group LLC now owns 5,920 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 1,465 shares during the last quarter. IVC Wealth Advisors LLC bought a new position in MDU Resources Group in the first quarter worth about $202,000. Finally, Ballentine Partners LLC purchased a new stake in shares of MDU Resources Group during the first quarter valued at about $207,000. 71.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

MDU Resources Group Stock Down 0.2 %

NYSE:MDU traded down $0.04 during mid-day trading on Wednesday, hitting $24.68. 66,743 shares of the company’s stock traded hands, compared to its average volume of 1,187,836. The company has a fifty day moving average of $25.37 and a 200 day moving average of $24.20. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.37 and a current ratio of 1.43. MDU Resources Group, Inc. has a twelve month low of $18.04 and a twelve month high of $27.30. The company has a market capitalization of $5.03 billion, a P/E ratio of 10.56, a P/E/G ratio of 2.86 and a beta of 0.77.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.11. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. MDU Resources Group had a net margin of 10.74% and a return on equity of 11.42%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, analysts forecast that MDU Resources Group, Inc. will post 1.55 EPS for the current year.

MDU Resources Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.11%. MDU Resources Group’s payout ratio is 22.22%.

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.