MDU Resources Group, Inc. $MDU Holdings Raised by Consolidated Planning Corp

Consolidated Planning Corp grew its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 12.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,023 shares of the utilities provider’s stock after purchasing an additional 10,943 shares during the period. Consolidated Planning Corp’s holdings in MDU Resources Group were worth $1,601,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MDU. Bessemer Group Inc. lifted its holdings in shares of MDU Resources Group by 179.0% during the first quarter. Bessemer Group Inc. now owns 1,518 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 974 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of MDU Resources Group by 241.9% during the first quarter. GAMMA Investing LLC now owns 1,843 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 1,304 shares during the last quarter. Headlands Technologies LLC purchased a new stake in MDU Resources Group in the 1st quarter worth about $48,000. Garde Capital Inc. purchased a new stake in MDU Resources Group in the 1st quarter worth about $82,000. Finally, Federated Hermes Inc. purchased a new stake in MDU Resources Group in the 1st quarter worth about $116,000. 71.44% of the stock is owned by hedge funds and other institutional investors.

MDU Resources Group Stock Performance

Shares of MDU stock opened at $17.61 on Thursday. 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 fifty-two week low of $14.91 and a fifty-two week high of $30.52. The stock’s 50-day moving average is $16.67 and its two-hundred day moving average is $16.75. The firm has a market cap of $3.60 billion, a P/E ratio of 16.61, a PEG ratio of 2.74 and a beta of 0.70.

MDU Resources Group (NYSE:MDU) last issued its earnings results on Thursday, August 7th. The utilities provider reported $0.07 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $315.67 million. During the same period in the previous year, the company earned $0.32 earnings per share. The business’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. Analysts predict 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 was paid on Wednesday, October 1st. Shareholders of record on Thursday, September 11th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, September 11th. This is an increase from MDU Resources Group’s previous quarterly dividend of $0.13. MDU Resources Group’s payout ratio is currently 52.83%.

Insiders Place Their Bets

In other news, 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 cost of $16.07 per share, with a total value of $80,350.00. Following the transaction, the chief financial officer directly owned 344,548 shares in the company, valued at approximately $5,536,886.36. This trade represents a 1.47% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.94% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MDU. Jefferies Financial Group raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Friday, September 19th. Wall Street Zen downgraded MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $18.67.

About MDU Resources Group

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.