MDU Resources Group (NYSE:MDU) CFO Jason Vollmer Acquires 5,000 Shares

Key Points

• MDU Resources Group's CFO Jason Vollmer recently acquired 5,000 shares of the company at an average price of $16.27, increasing his total ownership to 339,548 shares valued at approximately $5.5 million.
• The company announced a quarterly dividend increase from $0.13 to $0.14 per share, representing a 3.4% yield and a payout ratio of 52.83%.
• Despite reporting a miss in earnings with $0.07 EPS against an expected $0.13, MDU's revenue rose to $351.2 million, surpassing estimates, and analysts project a consensus target price of $18.00.

MDU Resources Group, Inc. (NYSE:MDU - Get Free Report) CFO Jason Vollmer bought 5,000 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $16.27 per share, with a total value of $81,350.00. Following the completion of the transaction, the chief financial officer owned 339,548 shares of the company's stock, valued at $5,524,445.96. The trade was a 1.49% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

MDU Resources Group Price Performance

Shares of MDU Resources Group stock traded up $0.1550 on Tuesday, hitting $16.3750. 1,289,529 shares of the company traded hands, compared to its average volume of 1,693,286. MDU Resources Group, Inc. has a 12-month low of $14.91 and a 12-month high of $30.52. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.75. The company has a market cap of $3.35 billion, a P/E ratio of 15.45, a P/E/G ratio of 2.61 and a beta of 0.73. The firm's 50-day simple moving average is $16.71 and its 200 day simple moving average is $16.83.

MDU Resources Group (NYSE:MDU - Get Free Report) last released 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 net margin of 8.25% and a return on equity of 8.29%. The firm had revenue of $351.20 million during the quarter, compared to the consensus estimate of $315.67 million. During the same period in the prior year, the company earned $0.32 EPS. The firm's revenue 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. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Thursday, September 11th will be given a $0.14 dividend. 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 yield of 3.4%. MDU Resources Group's payout ratio is presently 52.83%.

Analysts Set New Price Targets

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 investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MDU. Bessemer Group Inc. grew its stake in shares of MDU Resources Group by 179.0% in the first quarter. Bessemer Group Inc. now owns 1,518 shares of the utilities provider's stock worth $25,000 after purchasing an additional 974 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of MDU Resources Group during the second quarter valued at approximately $26,000. Geneos Wealth Management Inc. lifted its stake in MDU Resources Group by 94.5% in the second quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider's stock worth $27,000 after acquiring an additional 800 shares during the period. GAMMA Investing LLC boosted its holdings in 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. Finally, Country Trust Bank bought a new stake in MDU Resources Group in the second quarter valued at $33,000. Institutional investors own 71.44% of the company's stock.

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.

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