Jason Vollmer Buys 5,000 Shares of MDU Resources Group (NYSE:MDU) Stock

MDU Resources Group, Inc. (NYSE:MDU) CFO Jason Vollmer acquired 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, with a total value of $80,350.00. Following the completion of the purchase, the chief financial officer directly 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 Securities & Exchange Commission, which can be accessed through the SEC website.

MDU Resources Group Stock Performance

MDU Resources Group stock opened at $16.05 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.74 and a quick ratio of 0.71. The stock has a fifty day moving average price of $16.67 and a two-hundred day moving average price of $16.76. MDU Resources Group, Inc. has a 52-week low of $14.91 and a 52-week high of $30.52. The firm has a market capitalization of $3.28 billion, a P/E ratio of 15.14, a P/E/G ratio of 2.55 and a beta of 0.70.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data 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). MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.The company had revenue of $351.20 million for the quarter, compared to analyst estimates of $315.67 million. During the same quarter in the prior year, the company earned $0.32 earnings per share. The business’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. As a group, analysts anticipate that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Thursday, September 11th will be paid 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 yield of 3.5%. The ex-dividend date is Thursday, September 11th. MDU Resources Group’s dividend payout ratio is currently 52.83%.

Institutional Trading of MDU Resources Group

Several large investors have recently made changes to their positions in MDU. Ashton Thomas Private Wealth LLC increased its holdings in MDU Resources Group by 3.8% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 15,809 shares of the utilities provider’s stock worth $266,000 after purchasing an additional 581 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in MDU Resources Group by 0.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 71,651 shares of the utilities provider’s stock worth $1,194,000 after purchasing an additional 606 shares in the last quarter. Mackenzie Financial Corp increased its holdings in MDU Resources Group by 3.5% in the 4th quarter. Mackenzie Financial Corp now owns 18,974 shares of the utilities provider’s stock worth $342,000 after purchasing an additional 650 shares in the last quarter. Brady Martz Wealth Solutions LLC increased its holdings in MDU Resources Group by 2.4% in the 2nd quarter. Brady Martz Wealth Solutions LLC now owns 27,490 shares of the utilities provider’s stock worth $458,000 after purchasing an additional 650 shares in the last quarter. Finally, Boothbay Fund Management LLC increased its holdings in MDU Resources Group by 6.5% in the 2nd quarter. Boothbay Fund Management LLC now owns 12,235 shares of the utilities provider’s stock worth $204,000 after purchasing an additional 742 shares in the last quarter. Institutional investors own 71.44% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.00.

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.