Strs Ohio Makes New Investment in MDU Resources Group, Inc. $MDU

Strs Ohio bought a new position in MDU Resources Group, Inc. (NYSE:MDU) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 181,100 shares of the utilities provider’s stock, valued at approximately $3,062,000. Strs Ohio owned about 0.09% of MDU Resources Group as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MDU. Ameriprise Financial Inc. raised its holdings in shares of MDU Resources Group by 134.0% during the 4th quarter. Ameriprise Financial Inc. now owns 507,793 shares of the utilities provider’s stock worth $9,152,000 after acquiring an additional 290,756 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of MDU Resources Group by 38.9% during the 4th quarter. BNP Paribas Financial Markets now owns 34,459 shares of the utilities provider’s stock worth $621,000 after acquiring an additional 9,652 shares during the period. Bank of America Corp DE raised its holdings in shares of MDU Resources Group by 0.8% during the 4th quarter. Bank of America Corp DE now owns 535,928 shares of the utilities provider’s stock worth $9,657,000 after acquiring an additional 4,461 shares during the period. Cetera Investment Advisers lifted its holdings in MDU Resources Group by 24.1% in the fourth quarter. Cetera Investment Advisers now owns 64,163 shares of the utilities provider’s stock valued at $1,156,000 after acquiring an additional 12,451 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in MDU Resources Group by 115.8% in the fourth quarter. Deutsche Bank AG now owns 69,603 shares of the utilities provider’s stock valued at $1,254,000 after acquiring an additional 37,355 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut MDU Resources Group from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, 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 purchased 5,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were bought at an average cost of $16.07 per share, for a total transaction of $80,350.00. Following the completion of the purchase, the chief financial officer directly owned 344,548 shares in the company, valued at approximately $5,536,886.36. This represents a 1.47% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.94% of the stock is currently owned by corporate insiders.

MDU Resources Group Stock Up 0.1%

MDU Resources Group stock opened at $16.26 on Tuesday. MDU Resources Group, Inc. has a 1-year low of $14.91 and a 1-year high of $30.52. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.74 and a quick ratio of 0.71. The stock has a market cap of $3.32 billion, a PE ratio of 15.34, a P/E/G ratio of 2.57 and a beta of 0.70. The stock’s fifty day moving average is $16.64 and its two-hundred day moving average is $16.74.

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

MDU Resources Group Increases Dividend

The firm also recently declared 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. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Thursday, September 11th. MDU Resources Group’s payout ratio is 52.83%.

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.