New York State Teachers Retirement System Sells 19,645 Shares of MDU Resources Group, Inc. $MDU

New York State Teachers Retirement System cut its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 241,146 shares of the utilities provider’s stock after selling 19,645 shares during the period. New York State Teachers Retirement System’s holdings in MDU Resources Group were worth $4,020,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in MDU Resources Group by 241.9% during the 1st 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. Wealth Enhancement Advisory Services LLC grew its holdings in MDU Resources Group by 8.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,663 shares of the utilities provider’s stock valued at $366,000 after purchasing an additional 1,742 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in MDU Resources Group by 28.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 66,160 shares of the utilities provider’s stock valued at $1,119,000 after purchasing an additional 14,701 shares during the last quarter. Hudson Value Partners LLC grew its holdings in MDU Resources Group by 61.3% during the 1st quarter. Hudson Value Partners LLC now owns 343,429 shares of the utilities provider’s stock valued at $5,807,000 after purchasing an additional 130,479 shares during the last quarter. Finally, Consolidated Planning Corp bought a new position in MDU Resources Group during the 1st quarter valued at about $1,439,000. 71.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Jason L. Vollmer bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was bought at an average price of $16.07 per share, with a total value of $80,350.00. Following the completion of the transaction, the chief financial officer directly owned 344,548 shares of the company’s stock, valued at approximately $5,536,886.36. The trade was a 1.47% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.94% of the stock is owned by insiders.

MDU Resources Group Price Performance

Shares of MDU opened at $19.39 on Tuesday. The company has a 50 day moving average price of $17.09 and a 200-day moving average price of $16.92. MDU Resources Group, Inc. has a fifty-two week low of $14.91 and a fifty-two week high of $30.07. The stock has a market capitalization of $3.96 billion, a PE ratio of 18.29, a PEG ratio of 3.07 and a beta of 0.70. 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 (NYSE:MDU) last announced 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 analysts’ expectations of $315.67 million. During the same period in the previous year, the company posted $0.32 EPS. MDU Resources Group’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 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. Investors of record on Thursday, September 11th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, September 11th. This is a positive change 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 2.9%. MDU Resources Group’s dividend payout ratio is currently 52.83%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Zacks Research downgraded shares of MDU Resources Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Weiss Ratings raised shares of MDU Resources Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. TD Cowen began coverage on shares of MDU Resources Group in a research report on Thursday, October 16th. They issued a “hold” rating and a $20.00 price objective for the company. 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. Finally, Cowen began coverage on shares of MDU Resources Group in a research report on Wednesday, October 15th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, MDU Resources Group currently has a consensus rating of “Hold” and a consensus target price of $19.00.

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.