Campbell & CO Investment Adviser LLC Has $2.78 Million Stake in MDU Resources Group, Inc. $MDU

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its stake in MDU Resources Group, owning 164,663 shares after a 592.9% increase in the first quarter.
• MDU Resources Group missed earnings estimates with an EPS of $0.07 compared to the expected $0.13, although revenue was reported at $351.20 million, surpassing expectations.
• The company announced a dividend increase from $0.13 to $0.14 per share, representing a yield of 3.4% and plans for an EPS guidance for FY 2025 between 0.880-0.950.

Campbell & CO Investment Adviser LLC increased its stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 592.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,663 shares of the utilities provider's stock after buying an additional 140,898 shares during the quarter. Campbell & CO Investment Adviser LLC owned about 0.08% of MDU Resources Group worth $2,784,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC acquired a new stake in MDU Resources Group during the first quarter worth approximately $12,361,000. Bragg Financial Advisors Inc grew its position in MDU Resources Group by 107.2% during the first quarter. Bragg Financial Advisors Inc now owns 1,219,676 shares of the utilities provider's stock worth $20,625,000 after buying an additional 630,961 shares in the last quarter. CW Advisors LLC acquired a new stake in MDU Resources Group during the first quarter worth approximately $1,218,000. Capital Fund Management S.A. grew its position in MDU Resources Group by 444.6% during the first quarter. Capital Fund Management S.A. now owns 138,396 shares of the utilities provider's stock worth $2,340,000 after buying an additional 112,984 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in MDU Resources Group during the first quarter worth approximately $306,000. Institutional investors and hedge funds own 71.44% of the company's stock.

MDU Resources Group Price Performance

Shares of MDU stock traded down $0.15 during trading hours on Friday, reaching $16.27. The company's stock had a trading volume of 893,528 shares, compared to its average volume of 1,803,979. The firm's 50 day simple moving average is $16.72 and its 200-day simple moving average is $16.79. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 2.58 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 quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 0.75.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its earnings results on Thursday, August 7th. The utilities provider reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). The business had revenue of $351.20 million during the quarter, compared to analyst estimates of $315.67 million. MDU Resources Group had a net margin of 8.25% and a return on equity of 8.29%. The company'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 business posted $0.32 EPS. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. Sell-side analysts forecast that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Thursday, September 11th will be issued a dividend of $0.14 per share. This is a positive change from MDU Resources Group's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.56 annualized dividend and a dividend yield of 3.4%. MDU Resources Group's dividend payout ratio (DPR) is 49.06%.

Insider Buying and Selling at MDU Resources Group

In other news, CFO Jason L. Vollmer acquired 5,000 shares of the business's stock in a transaction that occurred 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 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 filing with the SEC, which is available through this hyperlink. 0.94% of the stock is currently owned by company 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 assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.00.

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.