MDU Resources Group, Inc. $MDU Stock Holdings Increased by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 535.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,958 shares of the utilities provider’s stock after purchasing an additional 291,551 shares during the quarter. Intech Investment Management LLC owned 0.17% of MDU Resources Group worth $5,850,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. increased its position in shares of MDU Resources Group by 179.0% in the first quarter. Bessemer Group Inc. now owns 1,518 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 974 shares in the last quarter. GAMMA Investing LLC increased its position in shares of MDU Resources Group by 241.9% in the first quarter. GAMMA Investing LLC now owns 1,843 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 1,304 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of MDU Resources Group in the first quarter worth approximately $48,000. Wood Tarver Financial Group LLC purchased a new position in shares of MDU Resources Group in the fourth quarter worth approximately $82,000. Finally, Garde Capital Inc. purchased a new position in shares of MDU Resources Group in the first quarter worth approximately $82,000. 71.44% of the stock is owned by hedge funds and other institutional investors.

MDU Resources Group Stock Up 0.9%

MDU Resources Group stock opened at $16.42 on Friday. The firm has a market cap of $3.36 billion, a PE ratio of 15.49, a P/E/G ratio of 2.60 and a beta of 0.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.71 and a current ratio of 0.74. The firm’s 50 day moving average price is $16.66 and its two-hundred day moving average price is $16.75. MDU Resources Group, Inc. has a twelve month low of $14.91 and a twelve month high of $30.52.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.06). The company had revenue of $351.20 million during the quarter, compared to analyst estimates of $315.67 million. MDU Resources Group had a net margin of 8.25% and a return on equity of 8.29%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 EPS. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. On average, research analysts predict that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Thursday, September 11th will be paid a $0.14 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.56 annualized dividend and a yield of 3.4%. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.13. MDU Resources Group’s dividend payout ratio (DPR) is currently 49.06%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.00.

Insiders Place Their Bets

In other MDU Resources Group news, CFO Jason L. Vollmer bought 5,000 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was bought at an average cost of $16.07 per share, with a total value of $80,350.00. Following the completion of the transaction, the chief financial officer directly owned 344,548 shares of the company’s stock, valued at approximately $5,536,886.36. The trade was a 1.47% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.94% of the company’s stock.

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.