AlphaQuest LLC Has $203,000 Position in MDU Resources Group, Inc. $MDU

AlphaQuest LLC raised its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 1,227.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,183 shares of the utilities provider’s stock after purchasing an additional 11,265 shares during the quarter. AlphaQuest LLC’s holdings in MDU Resources Group were worth $203,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC raised its stake in MDU Resources Group by 0.9% during the 2nd quarter. Bleakley Financial Group LLC now owns 110,874 shares of the utilities provider’s stock valued at $1,848,000 after purchasing an additional 946 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of MDU Resources Group in the second quarter worth $2,481,000. Praxis Investment Management Inc. acquired a new position in shares of MDU Resources Group in the second quarter worth $194,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of MDU Resources Group in the second quarter worth $26,098,000. Finally, Bayforest Capital Ltd increased 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 last quarter. 71.44% of the stock is owned by institutional investors and hedge funds.

MDU Resources Group Trading Down 1.1%

Shares of NYSE:MDU opened at $19.22 on Monday. The stock has a market capitalization of $3.93 billion, a PE ratio of 18.13, a P/E/G ratio of 3.12 and a beta of 0.70. MDU Resources Group, Inc. has a 1 year low of $14.91 and a 1 year high of $29.18. The firm has a fifty day moving average price of $17.65 and a 200 day moving average price of $17.14. 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 issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). The business had revenue of $351.20 million during the quarter, compared to the consensus estimate of $315.67 million. MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. Analysts expect 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. Investors of record on Thursday, September 11th were issued a $0.14 dividend. This is a boost 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 2.9%. The ex-dividend date was Thursday, September 11th. MDU Resources Group’s dividend payout ratio is currently 52.83%.

Insider Transactions at MDU Resources Group

In other news, CFO Jason L. Vollmer purchased 5,000 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was bought 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 directly owned 344,548 shares of the company’s stock, valued at approximately $5,536,886.36. The trade was a 1.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MDU shares. Jefferies Financial Group upped their price target on shares of MDU Resources Group to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Zacks Research downgraded shares of MDU Resources Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. TD Cowen started coverage on shares of MDU Resources Group in a research note on Thursday, October 16th. They issued a “hold” rating and a $20.00 price target on the stock. Wall Street Zen downgraded shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Cowen started coverage on shares of MDU Resources Group in a research note on Wednesday, October 15th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.50.

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.