MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Holdings in MDU Resources Group, Inc. $MDU

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in MDU Resources Group by 11.9%, acquiring an additional 166,206 shares to own 1,566,781 shares valued at approximately $26.5 million.
• MDU Resources Group reported a loss of $0.06 EPS for the most recent quarter, missing estimates and setting FY 2025 guidance at 0.880-0.950 EPS.
• The company announced a dividend increase to $0.14 per share, translating to an annualized yield of 3.5%, with the dividend payable to shareholders of record on September 11th.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 11.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,566,781 shares of the utilities provider's stock after purchasing an additional 166,206 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.77% of MDU Resources Group worth $26,494,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in shares of MDU Resources Group by 134.0% during the fourth quarter. Ameriprise Financial Inc. now owns 507,793 shares of the utilities provider's stock worth $9,152,000 after purchasing an additional 290,756 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in MDU Resources Group by 38.9% in the fourth quarter. BNP Paribas Financial Markets now owns 34,459 shares of the utilities provider's stock worth $621,000 after purchasing an additional 9,652 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of MDU Resources Group by 0.8% during the fourth quarter. Bank of America Corp DE now owns 535,928 shares of the utilities provider's stock valued at $9,657,000 after acquiring an additional 4,461 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of MDU Resources Group during the fourth quarter valued at $282,000. Finally, Cetera Investment Advisers boosted its position in shares of MDU Resources Group by 24.1% during the fourth quarter. Cetera Investment Advisers now owns 64,163 shares of the utilities provider's stock valued at $1,156,000 after buying an additional 12,451 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company's stock.

Insider Activity at MDU Resources Group

In related news, CFO Jason L. Vollmer bought 5,000 shares of the stock in a transaction on Monday, September 8th. The stock was bought at an average price of $16.07 per share, with a total value of $80,350.00. Following the completion of the purchase, the chief financial officer directly owned 344,548 shares in the company, valued at $5,536,886.36. This represents a 1.47% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.94% of the stock is currently owned by company insiders.

MDU Resources Group Price Performance

Shares of MDU traded down $0.14 during mid-day trading on Friday, hitting $16.27. 1,059,381 shares of the stock were exchanged, compared to its average volume of 1,463,857. The company has a market cap of $3.32 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 2.60 and a beta of 0.70. MDU Resources Group, Inc. has a 52-week low of $14.91 and a 52-week high of $30.52. The firm has a 50-day moving average of $16.65 and a two-hundred day moving average of $16.75. 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 announced its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). The business had revenue of $351.20 million during 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%. The business's revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.32 EPS. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. On average, equities analysts predict that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Increases Dividend

The business also recently disclosed 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 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 dividend on an annualized basis and a yield of 3.4%. MDU Resources Group's dividend payout ratio (DPR) is 52.83%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut 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 given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $18.00.

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.