MDU Resources Group, Inc. $MDU Shares Purchased by Capital Fund Management S.A.

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. raised its stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 444.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,396 shares of the utilities provider's stock after purchasing an additional 112,984 shares during the period. Capital Fund Management S.A. owned 0.07% of MDU Resources Group worth $2,340,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MDU. EntryPoint Capital LLC purchased a new stake in MDU Resources Group in the first quarter valued at approximately $306,000. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of MDU Resources Group in the 1st quarter valued at $181,000. Dimensional Fund Advisors LP raised its position in MDU Resources Group by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,450,566 shares of the utilities provider's stock valued at $142,894,000 after purchasing an additional 263,572 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in MDU Resources Group by 21.0% during the 1st quarter. Russell Investments Group Ltd. now owns 482,293 shares of the utilities provider's stock worth $8,156,000 after purchasing an additional 83,748 shares during the period. Finally, Trajan Wealth LLC acquired a new stake in MDU Resources Group during the 1st quarter worth $199,000. Hedge funds and other institutional investors own 71.44% of the company's stock.

MDU Resources Group Stock Performance

NYSE MDU traded down $0.15 on Friday, hitting $16.27. 893,528 shares of the company's stock were exchanged, compared to its average volume of 1,803,979. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.74 and a quick ratio of 0.71. The firm's 50-day moving average price is $16.72 and its two-hundred day moving average price is $16.79. MDU Resources Group, Inc. has a fifty-two week low of $14.91 and a fifty-two week high of $30.52. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 2.58 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 net margin of 8.25% and a return on equity of 8.29%. The business had revenue of $351.20 million during the quarter, compared to analysts' expectations of $315.67 million. During the same quarter last year, the firm earned $0.32 earnings per share. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. On average, research analysts expect 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 will be paid on Wednesday, October 1st. Shareholders of record on Thursday, September 11th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, September 11th. This is an increase from MDU Resources Group's previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 3.4%. MDU Resources Group's dividend payout ratio (DPR) is currently 49.06%.

Insider Transactions at MDU Resources Group

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

Analyst Upgrades and Downgrades

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

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.