DMKC Advisory Services LLC Invests $307,000 in MDU Resources Group, Inc. $MDU

DMKC Advisory Services LLC acquired a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,068 shares of the utilities provider’s stock, valued at approximately $307,000.

Other institutional investors have also added to or reduced their stakes in the company. Consolidated Planning Corp raised its holdings in shares of MDU Resources Group by 12.9% in the 2nd quarter. Consolidated Planning Corp now owns 96,023 shares of the utilities provider’s stock valued at $1,601,000 after acquiring an additional 10,943 shares in the last quarter. Hudson Value Partners LLC increased its position in shares of MDU Resources Group by 1.7% in the second quarter. Hudson Value Partners LLC now owns 349,122 shares of the utilities provider’s stock worth $5,820,000 after purchasing an additional 5,693 shares during the last quarter. State of Alaska Department of Revenue raised its stake in MDU Resources Group by 7.7% in the second quarter. State of Alaska Department of Revenue now owns 121,726 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 8,754 shares in the last quarter. Brady Martz Wealth Solutions LLC raised its stake in MDU Resources Group by 2.4% in the second quarter. Brady Martz Wealth Solutions LLC now owns 27,490 shares of the utilities provider’s stock valued at $458,000 after purchasing an additional 650 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in MDU Resources Group by 230.6% during the second quarter. Farther Finance Advisors LLC now owns 7,660 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 5,343 shares during the last quarter. 71.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Jefferies Financial Group raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Friday, September 19th. Wall Street Zen cut MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $18.67.

MDU Resources Group Price Performance

Shares of MDU Resources Group stock opened at $17.61 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.71 and a current ratio of 0.74. MDU Resources Group, Inc. has a 52-week low of $14.91 and a 52-week high of $30.52. The company has a fifty day moving average of $16.67 and a 200-day moving average of $16.75. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 2.74 and a beta of 0.70.

MDU Resources Group (NYSE:MDU) last posted its quarterly 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 business 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 firm 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. Equities research analysts expect that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Thursday, September 11th were given a $0.14 dividend. The ex-dividend date was Thursday, September 11th. 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 3.2%. MDU Resources Group’s dividend payout ratio is presently 52.83%.

Insider Buying and Selling at MDU Resources Group

In other news, CFO Jason L. Vollmer bought 5,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were purchased at an average price of $16.07 per share, for a total transaction of $80,350.00. Following the completion of the acquisition, the chief financial officer owned 344,548 shares of the company’s stock, valued at approximately $5,536,886.36. This trade represents a 1.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.94% of the company’s stock.

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.