Nuveen LLC Buys New Holdings in MDU Resources Group, Inc. $MDU

Key Points

• Nuveen LLC has acquired 640,211 shares of MDU Resources Group, Inc., valued at approximately $10.8 million, representing a 0.31% ownership stake in the company.
• MDU Resources Group recently announced an increase in its quarterly dividend to $0.14 per share, reflecting a 3.4% yield and a payout ratio of 49.06%.
• MDU Resources Group reported quarterly earnings with an EPS of $0.07, missing expectations, despite revenue exceeding forecasts with $351.2 million reported.

Nuveen LLC acquired a new stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 640,211 shares of the utilities provider's stock, valued at approximately $10,826,000. Nuveen LLC owned 0.31% of MDU Resources Group at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of MDU Resources Group by 1.8% in the first quarter. Vanguard Group Inc. now owns 23,405,598 shares of the utilities provider's stock valued at $395,789,000 after purchasing an additional 408,146 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of MDU Resources Group by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,186,994 shares of the utilities provider's stock valued at $147,530,000 after purchasing an additional 467,355 shares during the period. Invesco Ltd. grew its holdings in shares of 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 during the period. Charles Schwab Investment Management Inc. boosted its stake in MDU Resources Group by 6.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,329,538 shares of the utilities provider's stock worth $39,392,000 after buying an additional 150,181 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in MDU Resources Group by 7.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,276,045 shares of the utilities provider's stock worth $38,533,000 after buying an additional 162,026 shares during the period. Hedge funds and other institutional investors own 71.44% 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 research 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.00.

Insider Activity at MDU Resources Group

In other MDU Resources Group news, CFO Jason L. Vollmer acquired 5,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price of $16.27 per share, with a total value of $81,350.00. Following the completion of the purchase, the chief financial officer owned 339,548 shares in the company, valued at $5,524,445.96. This trade represents a 1.49% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.94% of the company's stock.

MDU Resources Group Stock Down 0.2%

Shares of NYSE MDU traded down $0.04 during midday trading on Thursday, hitting $16.42. The company's stock had a trading volume of 1,474,409 shares, compared to its average volume of 1,812,894. The business's fifty day simple moving average is $16.71 and its two-hundred day simple moving average is $16.79. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.74 and a quick ratio of 0.71. MDU Resources Group, Inc. has a 1 year low of $14.91 and a 1 year high of $30.52. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 2.60 and a beta of 0.73.

MDU Resources Group (NYSE:MDU - Get Free Report) last posted 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). MDU Resources Group had a net margin of 8.25% and a return on equity of 8.29%. The business had revenue of $351.20 million during the quarter, compared to analysts' expectations of $315.67 million. During the same period in the previous year, the business posted $0.32 EPS. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. 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 EPS for the current year.

MDU Resources Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Thursday, September 11th will be paid a $0.14 dividend. 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 dividend yield of 3.4%. MDU Resources Group's payout ratio is 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.