American Century Companies Inc. Has $42.77 Million Stake in MDU Resources Group, Inc. $MDU

American Century Companies Inc. lowered its position in MDU Resources Group, Inc. (NYSE:MDU) by 16.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,565,536 shares of the utilities provider’s stock after selling 494,711 shares during the period. American Century Companies Inc. owned 1.26% of MDU Resources Group worth $42,767,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. AXQ Capital LP raised its holdings in MDU Resources Group by 310.6% in the second quarter. AXQ Capital LP now owns 75,891 shares of the utilities provider’s stock worth $1,265,000 after purchasing an additional 57,410 shares during the period. Inspire Advisors LLC acquired a new stake in MDU Resources Group in the second quarter valued at $1,025,000. PAX Financial Group LLC bought a new stake in MDU Resources Group in the second quarter valued at approximately $260,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in MDU Resources Group by 7.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,460 shares of the utilities provider’s stock worth $875,000 after purchasing an additional 3,668 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in MDU Resources Group by 5.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 77,828 shares of the utilities provider’s stock worth $1,297,000 after acquiring an additional 3,899 shares during the last quarter. 71.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on MDU. Wall Street Zen lowered MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. TD Cowen started coverage on shares of MDU Resources Group in a research report on Thursday, October 16th. They issued a “hold” rating and a $20.00 price target for the company. Jefferies Financial Group boosted their price target on shares of MDU Resources Group to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings upgraded MDU Resources Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Finally, Cowen assumed coverage on MDU Resources Group in a report on Wednesday, October 15th. They set a “hold” rating for the company. One equities research analyst has 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 currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Insider Activity

In other MDU Resources Group news, CFO Jason L. Vollmer purchased 5,000 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were acquired at an average cost of $16.07 per share, for a total transaction of $80,350.00. Following the completion of the transaction, the chief financial officer 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

MDU Resources Group Stock Performance

MDU Resources Group stock opened at $21.32 on Friday. The firm has a fifty day simple moving average of $19.41 and a two-hundred day simple moving average of $17.63. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 0.75. MDU Resources Group, Inc. has a twelve month low of $15.04 and a twelve month high of $21.49. The company has a market capitalization of $4.36 billion, a PE ratio of 20.11, a P/E/G ratio of 3.12 and a beta of 0.73.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.MDU Resources Group’s quarterly revenue was up 8.8% 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 0.900-0.950 EPS. Research analysts expect that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, December 11th. This represents a $0.56 dividend on an annualized basis and a yield of 2.6%. MDU Resources Group’s payout ratio is currently 67.47%.

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.