Register Financial Advisors LLC Has $1.42 Million Position in MDU Resources Group, Inc. $MDU

Register Financial Advisors LLC lessened its position in MDU Resources Group, Inc. (NYSE:MDU) by 19.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,240 shares of the utilities provider’s stock after selling 20,677 shares during the period. Register Financial Advisors LLC’s holdings in MDU Resources Group were worth $1,421,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MDU. Vanguard Group Inc. boosted its holdings in shares of MDU Resources Group by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 23,405,598 shares of the utilities provider’s stock worth $395,789,000 after buying an additional 408,146 shares during the period. Dimensional Fund Advisors LP boosted its holdings in MDU Resources Group by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,450,566 shares of the utilities provider’s stock valued at $142,894,000 after purchasing an additional 263,572 shares during the period. Invesco Ltd. boosted its holdings in MDU Resources Group by 30.1% in the 1st quarter. Invesco Ltd. now owns 3,124,863 shares of the utilities provider’s stock valued at $52,841,000 after purchasing an additional 723,560 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in MDU Resources Group by 6.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,329,538 shares of the utilities provider’s stock valued at $39,392,000 after purchasing an additional 150,181 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in MDU Resources Group by 7.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,276,045 shares of the utilities provider’s stock valued at $38,533,000 after purchasing an additional 162,026 shares during the period. Institutional investors own 71.44% of the company’s stock.

Wall Street Analyst Weigh In

MDU has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of MDU Resources Group from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Jefferies Financial Group raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Friday, September 19th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, MDU Resources Group presently has a consensus rating of “Buy” and a consensus target price of $18.67.

Insider Transactions at MDU Resources Group

In related news, CFO Jason L. Vollmer acquired 5,000 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was acquired at an average cost of $16.07 per share, for a total transaction of $80,350.00. Following the transaction, the chief financial officer directly owned 344,548 shares in the company, valued at $5,536,886.36. This trade represents a 1.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

MDU Resources Group Price Performance

Shares of NYSE:MDU opened at $17.05 on Friday. The firm has a 50 day moving average of $16.63 and a 200-day moving average of $16.73. The stock has a market capitalization of $3.48 billion, a PE ratio of 16.09, a PEG ratio of 2.72 and a beta of 0.70. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.75. MDU Resources Group, Inc. has a 12 month low of $14.91 and a 12 month high of $30.52.

MDU Resources Group (NYSE:MDU) last issued its earnings results on Thursday, August 7th. The utilities provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). The firm 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%. MDU Resources Group’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. On average, equities 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. Investors of record on Thursday, September 11th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.56 dividend on an annualized basis and a yield of 3.3%. 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 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.