MDU Resources Group, Inc. $MDU Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in MDU Resources Group by 30.1% during the first quarter, acquiring an additional 723,560 shares, bringing its total ownership to approximately 1.53% valued at $52.84 million.
• The company's quarterly earnings report showed a miss in EPS at $0.07 compared to analysts’ expectations of $0.13, although revenue rose to $351.20 million.
• MDU Resources Group declared a quarterly dividend of $0.14 per share, marking an increase from its previous dividend of $0.13, with a yield of 3.4% based on the current payout ratio of 49.06%.

Invesco Ltd. boosted its position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 30.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,124,863 shares of the utilities provider's stock after purchasing an additional 723,560 shares during the quarter. Invesco Ltd. owned about 1.53% of MDU Resources Group worth $52,841,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Covestor Ltd grew its holdings in MDU Resources Group by 135.1% in the 1st quarter. Covestor Ltd now owns 6,883 shares of the utilities provider's stock valued at $117,000 after buying an additional 3,955 shares in the last quarter. Headlands Technologies LLC purchased a new position in MDU Resources Group during the 1st quarter valued at about $48,000. Charles Schwab Investment Management Inc. raised its position in MDU Resources Group by 6.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,329,538 shares of the utilities provider's stock valued at $39,392,000 after purchasing an additional 150,181 shares in the last quarter. Vanguard Group Inc. raised its position 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 in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in MDU Resources Group in the 1st quarter valued at about $584,000. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered 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 company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $18.00.

Insider Buying and Selling at MDU Resources Group

In related news, CFO Jason L. Vollmer purchased 5,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $16.27 per share, with a total value of $81,350.00. Following the completion of the acquisition, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.94% of the stock is currently owned by company insiders.

MDU Resources Group Price Performance

MDU stock traded up $0.2750 during midday trading on Friday, hitting $16.6250. 352,758 shares of the stock were exchanged, compared to its average volume of 1,688,357. The stock's 50-day moving average price is $16.69 and its 200-day moving average price is $16.81. The stock has a market cap 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 fifty-two week low of $14.91 and a fifty-two week high of $30.52. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.71 and a current ratio of 0.74.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. Research analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Thursday, September 11th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis 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 payout ratio is 52.83%.

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.