MDU Resources Group, Inc. $MDU Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 180.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,402 shares of the utilities provider’s stock after purchasing an additional 35,627 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in MDU Resources Group were worth $924,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MDU. GAMMA Investing LLC grew its stake in shares of MDU Resources Group by 241.9% in the 1st quarter. GAMMA Investing LLC now owns 1,843 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 1,304 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of MDU Resources Group in the 2nd quarter valued at approximately $1,646,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of MDU Resources Group by 8.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,663 shares of the utilities provider’s stock valued at $366,000 after purchasing an additional 1,742 shares during the period. Cascade Investment Advisors Inc. grew its stake in shares of MDU Resources Group by 19.0% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 99,381 shares of the utilities provider’s stock valued at $1,657,000 after purchasing an additional 15,900 shares during the period. Finally, Millennium Management LLC grew its stake in shares of MDU Resources Group by 103.1% in the 1st quarter. Millennium Management LLC now owns 1,343,979 shares of the utilities provider’s stock valued at $22,727,000 after purchasing an additional 682,098 shares during the period. 71.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Jason L. Vollmer bought 5,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were acquired 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 owned 344,548 shares in the company, valued at $5,536,886.36. The trade was a 1.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.94% of the company’s stock.

MDU Resources Group Stock Performance

MDU stock opened at $19.44 on Wednesday. The business’s fifty day moving average is $17.78 and its 200-day moving average is $17.17. 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 company has a market cap of $3.97 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 3.12 and a beta of 0.70. MDU Resources Group, Inc. has a twelve month low of $15.04 and a twelve month high of $20.39.

MDU Resources Group (NYSE:MDU) last posted its 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). The firm had revenue of $351.20 million during the quarter, compared to analyst estimates 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 last year, the business posted $0.32 earnings per share. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. Equities research analysts forecast that MDU Resources Group, Inc. will post 0.94 EPS for the current 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 $0.14 dividend. This is an increase from MDU Resources Group’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, September 11th. MDU Resources Group’s dividend payout ratio (DPR) is presently 52.83%.

Analyst Upgrades and Downgrades

MDU has been the topic of several analyst reports. TD Cowen initiated coverage on MDU Resources Group in a research note on Thursday, October 16th. They issued a “hold” rating and a $20.00 price objective on the stock. Zacks Research lowered MDU Resources Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Wall Street Zen lowered MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Weiss Ratings upgraded MDU Resources Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group increased their price target on MDU Resources Group to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, MDU Resources Group currently has an average rating of “Hold” and a consensus target price of $21.00.

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.