Praxis Investment Management Inc. Buys Shares of 11,610 MDU Resources Group, Inc. $MDU

Praxis Investment Management Inc. bought a new stake in MDU Resources Group, Inc. (NYSE:MDU) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,610 shares of the utilities provider’s stock, valued at approximately $194,000.

Several other large investors have also recently bought and sold shares of the company. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in MDU Resources Group in the second quarter valued at about $26,098,000. Bayforest Capital Ltd lifted its stake in shares of MDU Resources Group by 942.9% in the second quarter. Bayforest Capital Ltd now owns 46,824 shares of the utilities provider’s stock worth $781,000 after acquiring an additional 42,334 shares during the period. Cascade Investment Advisors Inc. boosted its holdings in MDU Resources Group by 19.0% in the second quarter. Cascade Investment Advisors Inc. now owns 99,381 shares of the utilities provider’s stock valued at $1,657,000 after acquiring an additional 15,900 shares during the last quarter. Yousif Capital Management LLC increased its position in MDU Resources Group by 2.7% during the 2nd quarter. Yousif Capital Management LLC now owns 78,226 shares of the utilities provider’s stock valued at $1,304,000 after purchasing an additional 2,031 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in MDU Resources Group by 15.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,118 shares of the utilities provider’s stock valued at $419,000 after purchasing an additional 3,439 shares during the period. 71.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MDU has been the subject of a number of recent analyst reports. Cowen initiated coverage on shares of MDU Resources Group in a research report on Wednesday. They set a “hold” rating for the company. Zacks Research downgraded shares of MDU Resources Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. TD Cowen initiated coverage on shares of MDU Resources Group in a research report on Thursday. They set a “hold” rating and a $20.00 target price for the company. Weiss Ratings raised shares of MDU Resources Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Finally, 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. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.00.

MDU Resources Group Trading Up 0.9%

Shares of MDU Resources Group stock opened at $19.17 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.71 and a current ratio of 0.74. MDU Resources Group, Inc. has a 52 week low of $14.91 and a 52 week high of $30.52. The stock has a 50 day moving average price of $17.04 and a two-hundred day moving average price of $16.89. The stock has a market capitalization of $3.92 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 3.07 and a beta of 0.70.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.07 EPS 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 firm had revenue of $351.20 million during the quarter, compared to analyst estimates of $315.67 million. During the same period last year, the business posted $0.32 EPS. The company’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. As a group, equities analysts anticipate that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Thursday, September 11th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, September 11th. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 2.9%. MDU Resources Group’s payout ratio is presently 52.83%.

Insider Activity

In related news, CFO Jason L. Vollmer bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were bought at an average price 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 in the company, valued at approximately $5,536,886.36. This represents a 1.47% increase in their ownership of the stock. The transaction 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 insiders.

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.