Intech Investment Management LLC Has $5.85 Million Stake in 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 increased its position in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 535.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 345,958 shares of the utilities provider's stock after acquiring an additional 291,551 shares during the quarter. Intech Investment Management LLC owned about 0.17% of MDU Resources Group worth $5,850,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Adage Capital Partners GP L.L.C. lifted its stake in MDU Resources Group by 195.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,548,864 shares of the utilities provider's stock valued at $26,191,000 after buying an additional 1,023,864 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in MDU Resources Group during the first quarter valued at approximately $14,636,000. Hotchkis & Wiley Capital Management LLC bought a new stake in MDU Resources Group in the first quarter valued at approximately $12,361,000. Invesco Ltd. increased its stake in MDU Resources Group by 30.1% in the first quarter. Invesco Ltd. now owns 3,124,863 shares of the utilities provider's stock valued at $52,841,000 after purchasing an additional 723,560 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of MDU Resources Group by 103.1% during the first quarter. Millennium Management LLC now owns 1,343,979 shares of the utilities provider's stock worth $22,727,000 after purchasing an additional 682,098 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company's stock.

Insider Buying and Selling at MDU Resources Group

In related news, CFO Jason L. Vollmer purchased 5,000 shares of MDU Resources Group stock in a transaction dated Monday, September 8th. The shares were bought at an average cost of $16.07 per share, for a total transaction of $80,350.00. Following the purchase, the chief financial officer owned 344,548 shares in the company, valued at approximately $5,536,886.36. This trade represents a 1.47% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.94% of the stock is currently owned by corporate insiders.

MDU Resources Group Stock Down 2.3%

MDU traded down $0.38 during trading on Tuesday, reaching $15.88. 733,845 shares of the stock were exchanged, compared to its average volume of 1,669,292. The stock has a market cap of $3.24 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 2.57 and a beta of 0.70. MDU Resources Group, Inc. has a twelve month low of $14.91 and a twelve month high of $30.52. The stock's 50 day moving average price is $16.64 and its two-hundred day moving average price is $16.74. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.71 and a current ratio of 0.74.

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 for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). The firm had revenue of $351.20 million for the quarter, compared to analyst estimates of $315.67 million. MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.MDU Resources Group's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter 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. Equities analysts expect that MDU Resources Group, Inc. will post 0.94 EPS 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 issued a dividend of $0.14 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 3.5%. MDU Resources Group's payout ratio is presently 52.83%.

Analyst Upgrades and Downgrades

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