Charles Schwab Investment Management Inc. Increases Position in MDU Resources Group, Inc. $MDU

Charles Schwab Investment Management Inc. increased its position in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,329,538 shares of the utilities provider's stock after buying an additional 150,181 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.14% of MDU Resources Group worth $39,392,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MDU. Vanguard Group Inc. increased its holdings in MDU Resources Group by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 23,405,598 shares of the utilities provider's stock valued at $395,789,000 after purchasing an additional 408,146 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in MDU Resources Group by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,186,994 shares of the utilities provider's stock valued at $147,530,000 after purchasing an additional 467,355 shares during the last quarter. First Trust Advisors LP grew its stake in shares of MDU Resources Group by 132.0% in the fourth quarter. First Trust Advisors LP now owns 6,999,856 shares of the utilities provider's stock worth $126,137,000 after acquiring an additional 3,982,783 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of MDU Resources Group by 7.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,276,045 shares of the utilities provider's stock worth $38,533,000 after acquiring an additional 162,026 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of MDU Resources Group by 5.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,400,575 shares of the utilities provider's stock worth $25,238,000 after acquiring an additional 76,264 shares in the last quarter. Hedge funds and other 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 the stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $16.27 per share, for a total transaction of $81,350.00. Following the completion of the purchase, the chief financial officer owned 339,548 shares in the company, valued at approximately $5,524,445.96. This trade represents a 1.49% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.94% of the company's stock.

Wall Street Analyst Weigh In

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

MDU Resources Group Stock Up 1.7%

Shares of MDU stock traded up $0.2750 on Friday, reaching $16.6250. 258,815 shares of the stock were exchanged, compared to its average volume of 1,688,127. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.75. The business's 50 day moving average price is $16.69 and its 200 day moving average price is $16.81. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 2.59 and a beta of 0.73. MDU Resources Group, Inc. has a twelve month low of $14.91 and a twelve month 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 firm had revenue of $351.20 million for the quarter, compared to analyst estimates of $315.67 million. MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.The business's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. As a group, sell-side analysts expect 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. Investors of record on Thursday, September 11th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from MDU Resources Group's previous quarterly dividend of $0.13. MDU Resources Group's payout ratio is presently 52.83%.

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.