Keeley Teton Advisors LLC Acquires 66,708 Shares of 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 grew its position in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 15.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 487,449 shares of the utilities provider's stock after purchasing an additional 66,708 shares during the quarter. MDU Resources Group comprises approximately 1.0% of Keeley Teton Advisors LLC's investment portfolio, making the stock its 13th largest position. Keeley Teton Advisors LLC owned approximately 0.24% of MDU Resources Group worth $8,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank increased its position in shares of MDU Resources Group by 1.0% during the first quarter. Comerica Bank now owns 111,500 shares of the utilities provider's stock worth $1,885,000 after buying an additional 1,132 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in MDU Resources Group by 592.9% during the first quarter. Campbell & CO Investment Adviser LLC now owns 164,663 shares of the utilities provider's stock valued at $2,784,000 after acquiring an additional 140,898 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in MDU Resources Group during the 1st quarter worth about $12,361,000. Bragg Financial Advisors Inc lifted its stake in shares of MDU Resources Group by 107.2% in the 1st quarter. Bragg Financial Advisors Inc now owns 1,219,676 shares of the utilities provider's stock valued at $20,625,000 after purchasing an additional 630,961 shares during the period. Finally, CW Advisors LLC bought a new stake in MDU Resources Group in the first quarter worth approximately $1,218,000. Institutional investors and hedge funds own 71.44% of the company's stock.

MDU Resources Group Stock Down 0.2%

NYSE MDU traded down $0.04 during trading hours on Thursday, hitting $16.42. The company's stock had a trading volume of 1,474,409 shares, compared to its average volume of 1,812,894. The company has a market capitalization of $3.35 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 2.60 and a beta of 0.73. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.75. MDU Resources Group, Inc. has a 52 week low of $14.91 and a 52 week high of $30.52. The company's 50-day simple moving average is $16.71 and its two-hundred day simple moving average is $16.79.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.07 EPS for the quarter, missing the consensus estimate 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 company had revenue of $351.20 million during the quarter, compared to analysts' expectations of $315.67 million. During the same period last year, the company earned $0.32 earnings per share. The business's revenue for the quarter 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. 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 disclosed 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 is a positive change from MDU Resources Group's previous quarterly dividend of $0.13. The ex-dividend date is Thursday, September 11th. This represents a $0.56 annualized dividend and a yield of 3.4%. MDU Resources Group's dividend payout ratio (DPR) is 49.06%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut MDU Resources Group from a "hold" rating to a "sell" rating in a 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. Based on data from MarketBeat, MDU Resources Group currently has a consensus rating of "Moderate Buy" and an average target price of $18.00.

Insider Activity at MDU Resources Group

In other MDU Resources Group news, CFO Jason L. Vollmer bought 5,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $16.27 per share, for a total transaction of $81,350.00. Following the purchase, the chief financial officer directly owned 339,548 shares of the company's stock, valued at approximately $5,524,445.96. This represents a 1.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

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.