Intech Investment Management LLC Acquires 291,551 Shares of MDU Resources Group, Inc. $MDU

Key Points

• Intech Investment Management LLC increased its holdings in MDU Resources Group by 535.9% in the first quarter, owning over 345,000 shares valued at $5.85 million at the end of the quarter.
• MDU Resources Group has announced a quarterly dividend of $0.14 per share, marking a raise from the previous $0.13, resulting in an annual yield of 3.4%.
• The stock price for MDU Resources Group has a market cap of $3.36 billion and experienced a 0.9% increase in its share price recently.

Intech Investment Management LLC boosted its stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 535.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,958 shares of the utilities provider's stock after buying an additional 291,551 shares during the quarter. Intech Investment Management LLC owned 0.17% of MDU Resources Group worth $5,850,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of MDU Resources Group by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 499,908 shares of the utilities provider's stock valued at $8,453,000 after purchasing an additional 39,978 shares during the period. Zimmer Partners LP purchased a new position in shares of MDU Resources Group in the first quarter valued at approximately $1,101,000. Caxton Associates LLP purchased a new position in shares of MDU Resources Group in the first quarter valued at approximately $2,429,000. Dynamic Technology Lab Private Ltd lifted its stake in MDU Resources Group by 62.7% in the first quarter. Dynamic Technology Lab Private Ltd now owns 57,734 shares of the utilities provider's stock worth $977,000 after acquiring an additional 22,239 shares during the last quarter. Finally, Petrus Trust Company LTA purchased a new position in MDU Resources Group in the first quarter worth approximately $223,000. Hedge funds and other institutional investors own 71.44% of the company's stock.

Analyst Upgrades and Downgrades

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

MDU Resources Group Stock Performance

Shares of MDU traded up $0.17 during trading hours on Wednesday, reaching $16.04. 407,546 shares of the company's stock traded hands, compared to its average volume of 1,667,259. MDU Resources Group, Inc. has a twelve month low of $14.91 and a twelve month high of $30.52. The business's fifty day simple moving average is $16.63 and its two-hundred day simple moving average is $16.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.74 and a quick ratio of 0.71. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 2.57 and a beta of 0.70.

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). The company had revenue of $351.20 million for the quarter, compared to the consensus estimate of $315.67 million. MDU Resources Group had a net margin of 8.25% and a return on equity of 8.29%. MDU Resources Group's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 earnings per share. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. Analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Thursday, September 11th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.5%. 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. MDU Resources Group's dividend payout ratio (DPR) is presently 52.83%.

Insiders Place Their Bets

In related news, CFO Jason L. Vollmer bought 5,000 shares of MDU Resources Group stock in a transaction that occurred on Monday, September 8th. The stock was purchased at an average cost of $16.07 per share, for a total transaction of $80,350.00. Following the acquisition, the chief financial officer owned 344,548 shares in the company, valued at $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 SEC, which is accessible through the SEC website. Company insiders own 0.94% of the company's stock.

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.