MDU Resources Group, Inc. $MDU Shares Sold by Brasada Capital Management LP

Key Points

• Brasada Capital Management LP has significantly reduced its stake in MDU Resources Group, lowering its holdings by 54.6% to 25,000 shares after selling 30,101 shares in the first quarter.
• MDU Resources Group reported earnings of $0.07 per share for the last quarter, missing estimates of $0.13, but achieved a revenue of $351.20 million, up 1.9% from the previous year.
• The company has announced a quarterly dividend increase to $0.14 per share, with a yield of 3.4%, payable to shareholders of record on September 11th.

Brasada Capital Management LP lowered its stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 54.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,000 shares of the utilities provider's stock after selling 30,101 shares during the quarter. Brasada Capital Management LP's holdings in MDU Resources Group were worth $390,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Vident Advisory LLC acquired a new stake in shares of MDU Resources Group in the first quarter valued at about $204,000. Trexquant Investment LP grew its stake in shares of MDU Resources Group by 19.1% in the first quarter. Trexquant Investment LP now owns 290,455 shares of the utilities provider's stock valued at $4,912,000 after buying an additional 46,612 shares in the last quarter. Landscape Capital Management L.L.C. grew its stake in shares of MDU Resources Group by 25.0% in the first quarter. Landscape Capital Management L.L.C. now owns 34,408 shares of the utilities provider's stock valued at $582,000 after buying an additional 6,878 shares in the last quarter. Keeley Teton Advisors LLC grew its stake in shares of MDU Resources Group by 15.9% in the first quarter. Keeley Teton Advisors LLC now owns 487,449 shares of the utilities provider's stock valued at $8,243,000 after buying an additional 66,708 shares in the last quarter. Finally, Comerica Bank grew its stake in shares of MDU Resources Group by 1.0% in the first quarter. Comerica Bank now owns 111,500 shares of the utilities provider's stock valued at $1,885,000 after buying an additional 1,132 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company's stock.

MDU Resources Group Price Performance

Shares of NYSE MDU opened at $16.27 on Friday. MDU Resources Group, Inc. has a fifty-two week low of $14.91 and a fifty-two week high of $30.52. The business has a 50 day moving average price of $16.72 and a two-hundred day moving average price of $16.79. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 0.75. The firm has a market cap of $3.33 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 2.60 and a beta of 0.73.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $315.67 million. During the same quarter last year, the business earned $0.32 EPS. MDU Resources Group'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. Sell-side analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Increases Dividend

The firm 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 dividend of $0.14 per share. This is a boost from MDU Resources Group's previous quarterly dividend of $0.13. The ex-dividend date is Thursday, September 11th. This represents a $0.56 dividend on an annualized basis and a yield of 3.4%. MDU Resources Group's payout ratio is 49.06%.

Insiders Place Their Bets

In other MDU Resources Group news, CFO Jason L. Vollmer acquired 5,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was 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 in the company, valued at $5,524,445.96. This trade represents a 1.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered MDU Resources Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.