Vanguard Personalized Indexing Management LLC Boosts Position in MDU Resources Group, Inc. $MDU

Vanguard Personalized Indexing Management LLC increased its position in MDU Resources Group, Inc. (NYSE:MDU) by 15.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,118 shares of the utilities provider’s stock after purchasing an additional 3,439 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in MDU Resources Group were worth $419,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Inspire Investing LLC lifted its holdings in shares of MDU Resources Group by 97.3% during the second quarter. Inspire Investing LLC now owns 40,432 shares of the utilities provider’s stock valued at $674,000 after purchasing an additional 19,940 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of MDU Resources Group by 0.9% during the second quarter. Maryland State Retirement & Pension System now owns 71,651 shares of the utilities provider’s stock valued at $1,194,000 after purchasing an additional 606 shares in the last quarter. Hilltop National Bank bought a new position in shares of MDU Resources Group during the second quarter valued at $43,000. DMKC Advisory Services LLC bought a new position in shares of MDU Resources Group during the second quarter valued at $307,000. Finally, Consolidated Planning Corp lifted its holdings in shares of MDU Resources Group by 12.9% during the second quarter. Consolidated Planning Corp now owns 96,023 shares of the utilities provider’s stock valued at $1,601,000 after purchasing an additional 10,943 shares in the last quarter. 71.44% of the stock is owned by institutional investors.

MDU Resources Group Stock Up 0.2%

Shares of NYSE MDU opened at $19.40 on Thursday. MDU Resources Group, Inc. has a 12-month low of $14.91 and a 12-month high of $29.76. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.75. The stock has a market cap of $3.96 billion, a P/E ratio of 18.30, a PEG ratio of 3.10 and a beta of 0.70. The business’s fifty day simple moving average is $17.20 and its 200-day simple moving average is $16.95.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.06). MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.The firm had revenue of $351.20 million for the quarter, compared to analysts’ expectations of $315.67 million. During the same period in the previous year, the business posted $0.32 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. As a group, equities analysts predict 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 was paid on Wednesday, October 1st. Investors of record on Thursday, September 11th were given a dividend of $0.14 per share. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.56 dividend on an annualized basis and a yield of 2.9%. MDU Resources Group’s dividend payout ratio is currently 52.83%.

Analyst Ratings Changes

A number of research firms recently commented on MDU. Jefferies Financial Group upped their price objective on MDU Resources Group to $22.00 and gave the company a “buy” rating in a research report on Wednesday. TD Cowen started coverage on MDU Resources Group in a report on Thursday, October 16th. They issued a “hold” rating and a $20.00 target price for the company. Wall Street Zen lowered MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Zacks Research downgraded MDU Resources Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings raised MDU Resources Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, MDU Resources Group currently has a consensus rating of “Hold” and an average target price of $19.50.

Insiders Place Their Bets

In other news, CFO Jason L. Vollmer acquired 5,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were purchased at an average price of $16.07 per share, for a total transaction of $80,350.00. Following the acquisition, the chief financial officer directly owned 344,548 shares of the company’s stock, valued at $5,536,886.36. This represents 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. Company insiders own 0.94% of the company’s stock.

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.