Mutual of America Capital Management LLC Lowers Stock Holdings in MDU Resources Group, Inc. $MDU

Mutual of America Capital Management LLC decreased its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 11.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,248 shares of the utilities provider’s stock after selling 3,442 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MDU Resources Group were worth $438,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of MDU Resources Group during the 2nd quarter valued at $2,481,000. Praxis Investment Management Inc. purchased a new position in shares of MDU Resources Group during the 2nd quarter valued at $194,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of MDU Resources Group during the second quarter worth $26,098,000. Bayforest Capital Ltd boosted its position in shares of MDU Resources Group by 942.9% during 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 last quarter. Finally, Cascade Investment Advisors Inc. boosted its position in shares of MDU Resources Group by 19.0% during the second quarter. Cascade Investment Advisors Inc. now owns 99,381 shares of the utilities provider’s stock worth $1,657,000 after acquiring an additional 15,900 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MDU. Zacks Research lowered 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, October 16th. They set a “hold” rating and a $20.00 target price for the company. Weiss Ratings upgraded shares of MDU Resources Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, Jefferies Financial Group increased their price objective on shares of MDU Resources Group to $22.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.50.

MDU Resources Group Trading Down 0.5%

NYSE MDU opened at $19.90 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.71 and a current ratio of 0.74. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 3.21 and a beta of 0.70. The company’s 50-day simple moving average is $17.48 and its two-hundred day simple moving average is $17.08. MDU Resources Group, Inc. has a one year low of $14.91 and a one year high of $29.58.

MDU Resources Group (NYSE:MDU) last released 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 firm had revenue of $351.20 million during the quarter, compared to the consensus estimate of $315.67 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. The firm’s quarterly 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. Equities analysts forecast that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal 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 dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, September 11th. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.13. MDU Resources Group’s dividend payout ratio (DPR) is presently 52.83%.

Insider Buying and Selling

In other MDU Resources Group news, CFO Jason L. Vollmer acquired 5,000 shares of the firm’s stock in a transaction 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 purchase, the chief financial officer owned 344,548 shares in the company, valued at approximately $5,536,886.36. The trade was a 1.47% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.94% of the company’s stock.

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.