MDU Resources Group, Inc. $MDU Position Increased by Bailard Inc.

Bailard Inc. grew its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 16.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,788 shares of the utilities provider’s stock after acquiring an additional 4,000 shares during the quarter. Bailard Inc.’s holdings in MDU Resources Group were worth $463,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of MDU Resources Group by 25.6% in the first quarter. Envestnet Asset Management Inc. now owns 82,860 shares of the utilities provider’s stock worth $1,401,000 after purchasing an additional 16,913 shares in the last quarter. Cerity Partners LLC raised its position in shares of MDU Resources Group by 182.0% during the first quarter. Cerity Partners LLC now owns 143,467 shares of the utilities provider’s stock worth $2,426,000 after purchasing an additional 92,587 shares during the period. CWM LLC lifted its stake in MDU Resources Group by 4.5% during the first quarter. CWM LLC now owns 41,080 shares of the utilities provider’s stock valued at $695,000 after buying an additional 1,779 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of MDU Resources Group by 217.5% in the first quarter. Victory Capital Management Inc. now owns 480,353 shares of the utilities provider’s stock worth $8,123,000 after acquiring an additional 329,064 shares in the last quarter. Finally, Oak Thistle LLC acquired a new stake in MDU Resources Group during the 1st quarter valued at $261,000. 71.44% of the stock is owned by institutional investors.

MDU Resources Group Trading Down 0.1%

MDU Resources Group stock opened at $20.61 on Friday. MDU Resources Group, Inc. has a 52 week low of $15.04 and a 52 week high of $21.49. The firm has a market capitalization of $4.21 billion, a PE ratio of 19.44, a PEG ratio of 3.12 and a beta of 0.73. The business’s 50-day simple moving average is $18.49 and its 200-day simple moving average is $17.39. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.71 and a current ratio of 0.74.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.During the same period in the previous year, the business earned $0.32 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. MDU Resources Group has set its FY 2025 guidance at 0.900-0.950 EPS. Equities research analysts forecast that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Thursday, December 11th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, December 11th. MDU Resources Group’s dividend payout ratio (DPR) is presently 67.47%.

Insiders Place Their Bets

In other news, CFO Jason L. Vollmer purchased 5,000 shares of the stock in a transaction that occurred on 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 purchase, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.94% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MDU has been the subject of a number of recent research reports. Zacks Research downgraded MDU Resources Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Wall Street Zen downgraded MDU Resources Group from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. 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 price objective on the stock. Weiss Ratings raised shares of MDU Resources Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Finally, Cowen initiated coverage on shares of MDU Resources Group in a research note on Wednesday, October 15th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $21.00.

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.