EntryPoint Capital LLC Purchases New Holdings in MDU Resources Group, Inc. $MDU

Key Points

• EntryPoint Capital LLC acquired 18,070 shares of MDU Resources Group, valued at approximately $306,000, demonstrating institutional interest in the utilities provider.
• MDU Resources Group recently announced a dividend increase to $0.14 per share, highlighting an annualized dividend yield of 3.4%.
• MDU Resources Group reported a quarterly earnings miss with EPS of $0.07, against an expectation of $0.13, despite a revenue increase of 1.9% year-over-year.

EntryPoint Capital LLC bought a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,070 shares of the utilities provider's stock, valued at approximately $306,000.

Several other hedge funds have also bought and sold shares of MDU. Bessemer Group Inc. increased its position in shares of MDU Resources Group by 179.0% during the 1st quarter. Bessemer Group Inc. now owns 1,518 shares of the utilities provider's stock worth $25,000 after purchasing an additional 974 shares during the last quarter. GAMMA Investing LLC boosted its position in MDU Resources Group by 241.9% during the 1st quarter. GAMMA Investing LLC now owns 1,843 shares of the utilities provider's stock worth $31,000 after acquiring an additional 1,304 shares during the period. Headlands Technologies LLC acquired a new position in MDU Resources Group during the first quarter valued at $48,000. Johnson Financial Group Inc. bought a new stake in MDU Resources Group during the 4th quarter valued at approximately $54,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of MDU Resources Group in the 4th quarter worth approximately $82,000. Hedge funds and other institutional investors own 71.44% of the company's stock.

Insider Transactions at MDU Resources Group

In other MDU Resources Group news, CFO Jason L. Vollmer bought 5,000 shares of the stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $16.27 per share, with a total value of $81,350.00. Following the purchase, the chief financial officer directly owned 339,548 shares in the company, valued at $5,524,445.96. The trade was a 1.49% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.94% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

MDU Resources Group Trading Up 0.0%

MDU traded up $0.01 on Wednesday, reaching $16.34. 431,025 shares of the company traded hands, compared to its average volume of 1,688,981. The company has a market cap of $3.34 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 2.59 and a beta of 0.73. MDU Resources Group, Inc. has a one year low of $14.91 and a one year 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 firm has a fifty day simple moving average of $16.70 and a two-hundred day simple moving average of $16.79.

MDU Resources Group (NYSE:MDU - Get Free Report) last released its earnings results on Thursday, August 7th. The utilities provider reported $0.07 earnings per share (EPS) 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 analysts' expectations of $315.67 million. During the same period in the previous year, the company earned $0.32 EPS. MDU Resources Group'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. As a group, equities research analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share 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 paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a 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 (DPR) is presently 49.06%.

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.