MDU Resources Group, Inc. $MDU Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC has reduced its holdings in MDU Resources Group by 28.3%, now owning 39,200 shares valued at $663,000, after selling 15,493 shares in the first quarter.
• MDU Resources Group's stock has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, with an average rating of "Moderate Buy" and a consensus target price of $18.00.
• The company announced an increase in its quarterly dividend from $0.13 to $0.14 per share, reflecting a positive shift with a current dividend yield of 3.4%.

Jump Financial LLC decreased its position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 28.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,200 shares of the utilities provider's stock after selling 15,493 shares during the quarter. Jump Financial LLC's holdings in MDU Resources Group were worth $663,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of MDU Resources Group by 28.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 66,160 shares of the utilities provider's stock valued at $1,119,000 after buying an additional 14,701 shares during the period. GAMMA Investing LLC lifted its holdings 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 valued at $31,000 after purchasing an additional 1,304 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of MDU Resources Group by 8.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,663 shares of the utilities provider's stock valued at $366,000 after purchasing an additional 1,742 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of MDU Resources Group during the fourth quarter valued at $185,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of MDU Resources Group by 16.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 69,446 shares of the utilities provider's stock valued at $1,174,000 after purchasing an additional 9,846 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded MDU Resources Group from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.00.

Insiders Place Their Bets

In other MDU Resources Group news, CFO Jason L. Vollmer purchased 5,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $16.27 per share, with a total value of $81,350.00. Following the completion of the transaction, the chief financial officer 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.94% of the company's stock.

MDU Resources Group Stock Down 0.9%

NYSE:MDU opened at $16.27 on Monday. The firm 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 0.70. MDU Resources Group, Inc. has a 1-year low of $14.91 and a 1-year 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 business's fifty day moving average price is $16.72 and its 200 day moving average price is $16.78.

MDU Resources Group (NYSE:MDU - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.06). The business had revenue of $351.20 million for 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 firm's quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. On average, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Thursday, September 11th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 11th. This is a positive change from MDU Resources Group's previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 3.4%. MDU Resources Group's payout ratio is presently 49.06%.

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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