143,648 Shares in MDU Resources Group, Inc. $MDU Bought by Caxton Associates LLP

Key Points

• Caxton Associates LLP acquired 143,648 shares of MDU Resources Group, valued at approximately $2.43 million, representing about 0.07% ownership as per its recent SEC filing.
• The CFO of MDU Resources Group, Jason L. Vollmer, purchased 5,000 shares at an average cost of $16.27 each, increasing his total holdings to 339,548 shares.
• MDU Resources Group announced an increase in its quarterly dividend to $0.14 per share, effective on October 1st, raising its annualized payout and yielding approximately 3.5%.

Caxton Associates LLP acquired a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 143,648 shares of the utilities provider's stock, valued at approximately $2,429,000. Caxton Associates LLP owned approximately 0.07% of MDU Resources Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. lifted its holdings in MDU Resources Group by 179.0% during the first quarter. Bessemer Group Inc. now owns 1,518 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 974 shares in the last quarter. GAMMA Investing LLC lifted its holdings in MDU Resources Group by 241.9% during the first 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 in the last quarter. Headlands Technologies LLC purchased a new position in MDU Resources Group during the first quarter valued at $48,000. Wood Tarver Financial Group LLC purchased a new position in MDU Resources Group during the fourth quarter valued at $82,000. Finally, Garde Capital Inc. purchased a new position in MDU Resources Group during the first quarter valued at $82,000. 71.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MDU Resources Group

In other MDU Resources Group news, CFO Jason L. Vollmer bought 5,000 shares of MDU Resources Group stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $16.27 per share, for a total transaction of $81,350.00. Following the completion of the transaction, the chief financial officer directly owned 339,548 shares of the company's stock, valued at approximately $5,524,445.96. This represents a 1.49% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.94% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of MDU Resources Group from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $18.00.

MDU Resources Group Price Performance

Shares of NYSE MDU opened at $16.08 on Tuesday. The firm has a 50-day simple moving average of $16.69 and a 200-day simple moving average of $16.76. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 2.56 and a beta of 0.70. 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 52 week low of $14.91 and a 52 week high of $30.52.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its earnings results on Thursday, August 7th. The utilities provider reported $0.07 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 analyst estimates of $315.67 million. MDU Resources Group had a net margin of 8.25% and a return on equity of 8.29%. MDU Resources Group's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. On average, equities analysts predict that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Thursday, September 11th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.5%. This is a positive change from MDU Resources Group's previous quarterly dividend of $0.13. The ex-dividend date is Thursday, September 11th. MDU Resources Group's dividend payout ratio (DPR) is currently 49.06%.

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.

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