MDU Resources Group, Inc. $MDU Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 230.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,660 shares of the utilities provider’s stock after purchasing an additional 5,343 shares during the quarter. Farther Finance Advisors LLC’s holdings in MDU Resources Group were worth $128,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDU. Adage Capital Partners GP L.L.C. boosted its stake in shares of MDU Resources Group by 195.0% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,548,864 shares of the utilities provider’s stock valued at $26,191,000 after buying an additional 1,023,864 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in MDU Resources Group in the first quarter valued at $14,636,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of MDU Resources Group during the first quarter valued at $12,361,000. Invesco Ltd. increased its holdings in shares of MDU Resources Group by 30.1% during the first 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. Finally, Millennium Management LLC grew its holdings in MDU Resources Group by 103.1% during the first quarter. Millennium Management LLC now owns 1,343,979 shares of the utilities provider’s stock worth $22,727,000 after acquiring an additional 682,098 shares during the period. Hedge funds and other institutional investors own 71.44% of the company’s stock.

MDU Resources Group Stock Performance

MDU opened at $17.74 on Friday. The stock’s 50 day simple moving average is $16.70 and its 200-day simple moving average is $16.77. MDU Resources Group, Inc. has a 1 year low of $14.91 and a 1 year high of $30.52. The stock has a market cap of $3.62 billion, a PE ratio of 16.73, a P/E/G 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 (NYSE:MDU) last announced 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 company had revenue of $351.20 million during the quarter, compared to the consensus estimate of $315.67 million. During the same quarter last year, the company earned $0.32 earnings per share. The business’s 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. Sell-side analysts forecast that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Thursday, September 11th were paid a $0.14 dividend. This is an increase 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 3.2%. The ex-dividend date of this dividend was Thursday, September 11th. MDU Resources Group’s payout ratio is presently 52.83%.

Insider Activity

In other news, CFO Jason L. Vollmer purchased 5,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were acquired at an average price of $16.07 per share, with a total value of $80,350.00. Following the completion of the purchase, the chief financial officer directly owned 344,548 shares of the company’s stock, valued at $5,536,886.36. The trade was a 1.47% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on MDU. Jefferies Financial Group raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, September 19th. Wall Street Zen lowered MDU Resources Group from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of MDU Resources Group in a report on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.67.

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.