Capital Fund Management S.A. Has $2.34 Million Stock Position in MDU Resources Group, Inc. $MDU

Key Points

• Capital Fund Management S.A. increased its holdings in MDU Resources Group by 444.6% during the first quarter, owning approximately 0.07% of the company with a value of $2.34 million.
• MDU Resources Group announced a quarterly dividend increase from $0.13 to $0.14, representing a 3.4% dividend yield.
• Despite a positive revenue growth of 1.9%, MDU reported earnings per share of $0.07, which missed estimates by $0.06 for the recent quarter.

Capital Fund Management S.A. boosted its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 444.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 138,396 shares of the utilities provider's stock after acquiring an additional 112,984 shares during the quarter. Capital Fund Management S.A. owned approximately 0.07% of MDU Resources Group worth $2,340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of MDU Resources Group by 28.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 66,160 shares of the utilities provider's stock valued at $1,119,000 after purchasing an additional 14,701 shares during the period. GAMMA Investing LLC raised its position in shares of MDU Resources Group by 241.9% in 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 during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of MDU Resources Group by 8.7% in the first 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. Tidal Investments LLC bought a new position in shares of MDU Resources Group in the fourth quarter valued at approximately $185,000. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of MDU Resources Group by 16.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 69,446 shares of the utilities provider's stock valued at $1,174,000 after purchasing an additional 9,846 shares during the period. Institutional investors own 71.44% of the company's stock.

Insider Activity at MDU Resources Group

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

MDU Resources Group Stock Performance

MDU traded down $0.04 during trading on Thursday, reaching $16.42. 1,474,409 shares of the company's stock were exchanged, compared to its average volume of 1,695,465. MDU Resources Group, Inc. has a fifty-two week low of $14.91 and a fifty-two week high of $30.52. 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 business has a 50 day moving average price of $16.71 and a 200 day moving average price of $16.79. The company has a market capitalization of $3.35 billion, a P/E ratio of 15.49, a PEG ratio of 2.59 and a beta of 0.73.

MDU Resources Group (NYSE:MDU - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.The business had revenue of $351.20 million for the quarter, compared to analyst estimates of $315.67 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The firm's quarterly revenue was up 1.9% on a year-over-year basis. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Thursday, September 11th will be paid a $0.14 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.56 annualized dividend and a dividend yield of 3.4%. This is a boost from MDU Resources Group's previous quarterly dividend of $0.13. MDU Resources Group's dividend payout ratio is presently 52.83%.

Analyst Upgrades and Downgrades

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

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.