MDU Resources Group (NYSE:MDU) CFO Jason L. Vollmer Buys 5,000 Shares

Key Points

• MDU Resources Group CFO Jason Vollmer purchased 5,000 shares at an average price of $16.07 each, totaling $80,350, increasing his ownership stake by 1.47%.
• The company recently announced a quarterly dividend increase to $0.14 per share, with an annualized yield of 3.5%, set to be paid on October 1st, 2023.
• MDU Resources Group's latest earnings report showed an EPS of $0.07, missing projections, while quarterly revenue increased by 1.9% year-over-year.

MDU Resources Group, Inc. (NYSE:MDU - Get Free Report) CFO Jason L. Vollmer bought 5,000 shares of the company's stock in a transaction on Monday, September 8th. The shares were bought at an average price of $16.07 per share, for a total transaction of $80,350.00. Following the transaction, the chief financial officer owned 344,548 shares of the company's stock, valued at approximately $5,536,886.36. This represents a 1.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

MDU Resources Group Stock Performance

Shares of NYSE:MDU traded down $0.14 during trading on Friday, hitting $16.27. 1,059,381 shares of the company were exchanged, compared to its average volume of 1,416,446. The company has a market cap of $3.32 billion, a PE ratio of 15.34, a P/E/G ratio of 2.57 and a beta of 0.70. The stock has a 50 day moving average of $16.65 and a 200 day moving average of $16.75. MDU Resources Group, Inc. has a 52-week low of $14.91 and a 52-week high of $30.52. 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 (NYSE:MDU - Get Free Report) last posted its earnings results on Thursday, August 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.06). The company had revenue of $351.20 million for the quarter, compared to analysts' expectations of $315.67 million. MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.The company's revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. As a group, equities research analysts predict that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Thursday, September 11th will be given 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 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Thursday, September 11th. MDU Resources Group's dividend payout ratio (DPR) is currently 52.83%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of MDU Resources Group from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, MDU Resources Group has a consensus rating of "Moderate Buy" and a consensus target price of $18.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings 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 period. Hantz Financial Services Inc. bought a new position in MDU Resources Group in the second quarter valued at $26,000. Geneos Wealth Management Inc. increased 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 valued at $27,000 after acquiring an additional 800 shares during the last quarter. GAMMA Investing LLC increased its stake 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 during the last quarter. Finally, Country Trust Bank bought a new position 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.