Campbell & CO Investment Adviser LLC Grows 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 raised its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 592.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,663 shares of the utilities provider's stock after purchasing an additional 140,898 shares during the quarter. Campbell & CO Investment Adviser LLC owned 0.08% of MDU Resources Group worth $2,784,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in MDU Resources Group by 179.0% in the first quarter. Bessemer Group Inc. now owns 1,518 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 974 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of MDU Resources Group by 241.9% during the first 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 last quarter. Headlands Technologies LLC acquired a new stake in shares of MDU Resources Group during the first quarter worth about $48,000. Johnson Financial Group Inc. acquired a new stake in shares of MDU Resources Group during the fourth quarter worth about $54,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of MDU Resources Group during the fourth quarter worth about $82,000. Hedge funds and other institutional investors own 71.44% of the company's stock.

Insider Activity at MDU Resources Group

In other MDU Resources Group news, CFO Jason L. Vollmer purchased 5,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were acquired 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 approximately $5,524,445.96. This trade represents a 1.49% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.94% of the stock is currently owned by company insiders.

MDU Resources Group Trading Down 0.2%

NYSE:MDU traded down $0.04 during trading hours on Thursday, hitting $16.42. The company had a trading volume of 1,474,409 shares, compared to its average volume of 1,695,465. MDU Resources Group, Inc. has a 1 year low of $14.91 and a 1 year high of $30.52. The company has a 50-day moving average of $16.71 and a 200 day moving average of $16.79. The company has a market cap of $3.35 billion, a P/E ratio of 15.49, a P/E/G ratio of 2.59 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 (NYSE:MDU - Get Free Report) last announced its quarterly earnings results 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 net margin of 8.25% and a return on equity of 8.29%. The business had revenue of $351.20 million during the quarter, compared to analyst estimates of $315.67 million. During the same period last year, the company earned $0.32 EPS. The business's revenue for the quarter was up 1.9% on a year-over-year basis. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. Sell-side analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Thursday, September 11th will be paid a $0.14 dividend. This is a boost 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 is currently 52.83%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded 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 presently has an average rating of "Moderate Buy" and an average price target of $18.00.

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.