MDU Resources Group, Inc. $MDU Shares Sold by Sei Investments Co.

Key Points

• Sei Investments Co. has reduced its stake in MDU Resources Group by 13.9%, now owning approximately 102,779 shares valued at $1,839,000.
• MDU Resources Group has announced an increase in its quarterly dividend from $0.13 to $0.14 per share, representing a 3.4% yield.
• The company reported $0.07 earnings per share for the last quarter, missing estimates, while revenue was up 1.9% year-over-year.

Sei Investments Co. lessened its holdings in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 13.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,779 shares of the utilities provider's stock after selling 16,619 shares during the period. Sei Investments Co. owned about 0.05% of MDU Resources Group worth $1,839,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MDU. Raymond James Financial Inc. purchased a new position in shares of MDU Resources Group in the 4th quarter valued at about $861,000. Mariner LLC increased its stake in shares of MDU Resources Group by 64.5% in the 4th quarter. Mariner LLC now owns 21,670 shares of the utilities provider's stock valued at $390,000 after purchasing an additional 8,496 shares in the last quarter. Walleye Capital LLC increased its stake in shares of MDU Resources Group by 51.6% in the 4th quarter. Walleye Capital LLC now owns 42,232 shares of the utilities provider's stock valued at $761,000 after purchasing an additional 14,366 shares in the last quarter. Jump Financial LLC increased its stake in shares of MDU Resources Group by 121.6% in the 4th quarter. Jump Financial LLC now owns 54,693 shares of the utilities provider's stock valued at $986,000 after purchasing an additional 30,014 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of MDU Resources Group by 13.1% in the 4th quarter. NewEdge Advisors LLC now owns 62,072 shares of the utilities provider's stock valued at $1,119,000 after purchasing an additional 7,207 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company's stock.

Insider Buying and Selling at MDU Resources Group

In other MDU Resources Group news, CFO Jason L. Vollmer bought 5,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price of $16.27 per share, for a total transaction of $81,350.00. Following the completion of the purchase, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.94% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $18.00.

MDU Resources Group Stock Down 0.0%

Shares of NYSE:MDU traded down $0.0050 during trading on Thursday, hitting $16.3750. The company's stock had a trading volume of 216,562 shares, compared to its average volume of 1,685,174. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.71 and a current ratio of 0.74. The business has a 50 day moving average price of $16.69 and a two-hundred day moving average price of $16.82. The company has a market capitalization of $3.35 billion, a PE ratio of 15.45, a P/E/G ratio of 2.60 and a beta of 0.73. MDU Resources Group, Inc. has a fifty-two week low of $14.91 and a fifty-two week high of $30.52.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its earnings results on Thursday, August 7th. The utilities provider reported $0.07 EPS 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%.The business's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. As a group, research analysts expect that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

The business 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 $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.4%. This is an increase from MDU Resources Group's previous quarterly dividend of $0.13. MDU Resources Group's dividend payout ratio is currently 49.06%.

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.