Keeley Teton Advisors LLC Boosts Stock Position in MDU Resources Group, Inc. $MDU

Key Points

• Keeley Teton Advisors LLC increased its stake in MDU Resources Group by 15.9%, now holding 487,449 shares worth approximately $8.24 million, making it the firm's 13th largest position.
• MDU Resources Group has announced a quarterly dividend increase to $0.14 per share, reflecting an annual yield of 3.4%, set to be paid on October 1st.
• The company reported a net loss of $0.07 earnings per share for the last quarter, missing analysts' expectations, but its revenue was up 1.9% year-over-year, amounting to $351.20 million.

Keeley Teton Advisors LLC raised its stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 15.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 487,449 shares of the utilities provider's stock after purchasing an additional 66,708 shares during the period. MDU Resources Group accounts for about 1.0% of Keeley Teton Advisors LLC's holdings, making the stock its 13th biggest position. Keeley Teton Advisors LLC owned 0.24% of MDU Resources Group worth $8,243,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of MDU. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of MDU Resources Group in the first quarter valued at approximately $12,361,000. Invesco Ltd. boosted its holdings in shares of MDU Resources Group by 30.1% in the first quarter. Invesco Ltd. now owns 3,124,863 shares of the utilities provider's stock valued at $52,841,000 after acquiring an additional 723,560 shares during the period. Nuveen LLC acquired a new stake in shares of MDU Resources Group in the first quarter valued at approximately $10,826,000. Bragg Financial Advisors Inc boosted its holdings in shares of MDU Resources Group by 107.2% in the first quarter. Bragg Financial Advisors Inc now owns 1,219,676 shares of the utilities provider's stock valued at $20,625,000 after acquiring an additional 630,961 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of MDU Resources Group by 1.8% in the first quarter. Vanguard Group Inc. now owns 23,405,598 shares of the utilities provider's stock valued at $395,789,000 after acquiring an additional 408,146 shares during the period. 71.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MDU Resources Group

In other news, CFO Jason L. Vollmer purchased 5,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price of $16.27 per share, for a total transaction of $81,350.00. Following the completion of the transaction, the chief financial officer directly owned 339,548 shares in the company, valued at $5,524,445.96. This represents a 1.49% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.94% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

MDU Resources Group Price Performance

NYSE:MDU traded down $0.15 during trading hours on Friday, hitting $16.27. The company's stock had a trading volume of 893,528 shares, compared to its average volume of 1,803,979. The business's 50-day moving average is $16.72 and its two-hundred day moving average is $16.79. The company has a market capitalization of $3.33 billion, a PE ratio of 15.35, a PEG ratio of 2.58 and a beta of 0.73. 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, Inc. has a 52-week low of $14.91 and a 52-week high of $30.52.

MDU Resources Group (NYSE:MDU - Get Free Report) last released 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 business had revenue of $351.20 million during the quarter, compared to analysts' expectations of $315.67 million. MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.The company's revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. As a group, research analysts anticipate that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Thursday, September 11th will be given a $0.14 dividend. This is an increase from MDU Resources Group's previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Thursday, September 11th. MDU Resources Group's dividend payout ratio (DPR) is 49.06%.

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.