Allianz Asset Management GmbH Lowers Holdings in MDU Resources Group, Inc. $MDU

Allianz Asset Management GmbH trimmed its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 22.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,508 shares of the utilities provider’s stock after selling 20,980 shares during the period. Allianz Asset Management GmbH’s holdings in MDU Resources Group were worth $1,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in MDU. Vanguard Group Inc. lifted its holdings in shares of MDU Resources Group by 1.8% in the first 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of MDU Resources Group by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 8,450,566 shares of the utilities provider’s stock worth $142,894,000 after buying an additional 263,572 shares in the last quarter. Invesco Ltd. boosted its stake in 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 buying an additional 723,560 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in MDU Resources Group by 6.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,329,538 shares of the utilities provider’s stock valued at $39,392,000 after buying an additional 150,181 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in MDU Resources Group by 7.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,276,045 shares of the utilities provider’s stock valued at $38,533,000 after buying an additional 162,026 shares during the last quarter. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

MDU Resources Group Trading Up 1.7%

MDU stock opened at $20.02 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 0.75. The firm’s fifty day simple moving average is $17.33 and its two-hundred day simple moving average is $17.02. MDU Resources Group, Inc. has a twelve month low of $14.91 and a twelve month high of $29.76. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 3.20 and a beta of 0.70.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.07 earnings per share 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 business had revenue of $351.20 million during the quarter, compared to analysts’ expectations of $315.67 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s quarterly revenue 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, analysts anticipate that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Thursday, September 11th were issued a $0.14 dividend. The ex-dividend date 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 2.8%. MDU Resources Group’s dividend payout ratio (DPR) is currently 52.83%.

Insider Buying and Selling at MDU Resources Group

In other MDU Resources Group news, CFO Jason L. Vollmer purchased 5,000 shares of MDU Resources Group stock in a transaction dated Monday, September 8th. The shares were purchased at an average cost of $16.07 per share, for a total transaction of $80,350.00. Following the completion of the acquisition, the chief financial officer owned 344,548 shares in the company, valued at $5,536,886.36. This represents a 1.47% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.94% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Zacks Research lowered MDU Resources Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. TD Cowen assumed coverage on MDU Resources Group in a research note on Thursday, October 16th. They set a “hold” rating and a $20.00 price target for the company. Wall Street Zen lowered MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Cowen assumed coverage on MDU Resources Group in a research note on Wednesday, October 15th. They set a “hold” rating for the company. Finally, Jefferies Financial Group increased their price target on MDU Resources Group to $22.00 and gave the company a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.50.

MDU Resources Group Company 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.