MDU Resources Group, Inc. $MDU Shares Purchased by Inspire Investing LLC

Key Points

• Inspire Investing LLC has significantly increased its ownership of MDU Resources Group by 97.3%, now holding 40,432 shares worth approximately $674,000.
• MDU recently increased its quarterly dividend from $0.13 to $0.14, indicating a positive shift in its dividend policy with a current yield of 3.0%.
• MDU's earnings report showed a miss in EPS estimates at $0.07, while quarterly revenue increased by 1.9% year-over-year, totaling $351.20 million.

Inspire Investing LLC grew its stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 97.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 40,432 shares of the utilities provider's stock after acquiring an additional 19,940 shares during the period. Inspire Investing LLC's holdings in MDU Resources Group were worth $674,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MDU. GAMMA Investing LLC raised its stake in shares of MDU Resources Group by 5,682.0% in the 1st quarter. GAMMA Investing LLC now owns 31,165 shares of the utilities provider's stock valued at $527,000 after acquiring an additional 30,626 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of MDU Resources Group by 8.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,663 shares of the utilities provider's stock valued at $366,000 after acquiring an additional 1,742 shares during the period. Riverwater Partners LLC raised its stake in shares of MDU Resources Group by 55.7% in the 1st quarter. Riverwater Partners LLC now owns 78,950 shares of the utilities provider's stock valued at $1,335,000 after acquiring an additional 28,236 shares during the period. Garde Capital Inc. purchased a new stake in shares of MDU Resources Group in the 1st quarter valued at approximately $82,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of MDU Resources Group by 28.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 66,160 shares of the utilities provider's stock valued at $1,119,000 after acquiring an additional 14,701 shares during the period. 71.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other MDU Resources Group news, CFO Jason L. Vollmer purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was purchased at an average price of $16.07 per share, for a total transaction of $80,350.00. Following the purchase, the chief financial officer directly owned 344,548 shares in the company, valued at approximately $5,536,886.36. This trade represents a 1.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.94% of the company's stock.

MDU Resources Group Trading Up 0.2%

Shares of MDU Resources Group stock opened at $18.75 on Monday. The company has a fifty day simple moving average of $16.84 and a 200-day simple moving average of $16.82. MDU Resources Group, Inc. has a 12-month low of $14.91 and a 12-month high of $30.52. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.75. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.89 and a beta of 0.70.

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 (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 company had revenue of $351.20 million during the quarter, compared to analyst estimates of $315.67 million. During the same quarter in the previous year, the company posted $0.32 EPS. The company's quarterly revenue 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. On average, equities analysts forecast that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Thursday, September 11th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, September 11th. This is a positive change from MDU Resources Group's previous quarterly dividend of $0.13. MDU Resources Group's dividend payout ratio (DPR) is currently 52.83%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MDU. Weiss Ratings raised shares of MDU Resources Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of MDU Resources Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Jefferies Financial Group raised shares of MDU Resources Group from a "hold" rating to a "buy" rating and set a $20.00 target price on the stock in a research note on Friday, September 19th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.67.

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.

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