20,083 Shares in MDU Resources Group, Inc. $MDU Purchased by PharVision Advisers LLC

Key Points

• PharVision Advisers LLC acquired a new stake in MDU Resources Group, purchasing 20,083 shares valued at approximately $340,000 in the first quarter.
• MDU Resources Group's recent earnings fell short of analysts' expectations, reporting $0.07 earnings per share against a consensus estimate of $0.13.
• The company announced an increase in its quarterly dividend to $0.14, representing a yield of 3.5%, which is an increase from the previous $0.13 dividend.

PharVision Advisers LLC purchased a new position in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,083 shares of the utilities provider's stock, valued at approximately $340,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of MDU Resources Group by 28.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 66,160 shares of the utilities provider's stock worth $1,119,000 after buying an additional 14,701 shares during the period. GAMMA Investing LLC raised its stake in shares of MDU Resources Group by 241.9% in the first quarter. GAMMA Investing LLC now owns 1,843 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 1,304 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of MDU Resources Group by 8.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,663 shares of the utilities provider's stock valued at $366,000 after acquiring an additional 1,742 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of MDU Resources Group in the fourth quarter valued at $185,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of MDU Resources Group by 16.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 69,446 shares of the utilities provider's stock valued at $1,174,000 after acquiring an additional 9,846 shares in the last quarter. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

MDU Resources Group Stock Up 2.2%

MDU Resources Group stock traded up $0.36 during midday trading on Wednesday, reaching $16.42. The company's stock had a trading volume of 1,676,531 shares, compared to its average volume of 1,678,986. The business has a 50-day simple moving average of $16.67 and a 200-day simple moving average of $16.76. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 0.75. MDU Resources Group, Inc. has a fifty-two week low of $14.91 and a fifty-two week high of $30.52. The company has a market cap of $3.35 billion, a P/E ratio of 15.49, a P/E/G ratio of 2.55 and a beta of 0.70.

MDU Resources Group (NYSE:MDU - Get Free Report) last posted 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). MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.The firm had revenue of $351.20 million for the quarter, compared to analyst estimates of $315.67 million. During the same quarter last year, the firm posted $0.32 EPS. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. On average, research analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, September 11th. MDU Resources Group's dividend payout ratio is 52.83%.

Insider Activity

In related news, CFO Jason L. Vollmer purchased 5,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were purchased at an average price of $16.07 per share, with a total value of $80,350.00. Following the completion of the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.94% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut MDU Resources Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average 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.