MDU Resources Group (NYSE:MDU) Announces Earnings Results, Beats Estimates By $0.02 EPS

MDU Resources Group (NYSE:MDU) announced its quarterly earnings data on Thursday. The utilities provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02, Briefing.com reports. MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.The company had revenue of $315.10 million for the quarter, compared to the consensus estimate of $263.93 million. During the same quarter in the prior year, the company posted $0.32 EPS. MDU Resources Group’s quarterly revenue was up 8.8% on a year-over-year basis. MDU Resources Group updated its FY 2025 guidance to 0.900-0.950 EPS.

MDU Resources Group Stock Up 1.3%

Shares of NYSE MDU traded up $0.28 during mid-day trading on Friday, reaching $20.90. 4,706,715 shares of the company were exchanged, compared to its average volume of 1,897,387. MDU Resources Group has a 1 year low of $15.04 and a 1 year high of $20.96. The firm has a 50-day moving average of $18.02 and a 200 day moving average of $17.25. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 3.12 and a beta of 0.73. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 0.75.

MDU Resources Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Thursday, September 11th were paid a dividend of $0.14 per share. This is an increase from MDU Resources Group’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, September 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.7%. MDU Resources Group’s dividend payout ratio (DPR) is currently 52.83%.

Insider Buying and Selling

In other news, CFO Jason L. Vollmer purchased 5,000 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was acquired at an average cost of $16.07 per share, with a total value of $80,350.00. Following the completion of the transaction, the chief financial officer owned 344,548 shares in the company, valued at $5,536,886.36. This represents a 1.47% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Institutional Trading of MDU Resources Group

A number of institutional investors have recently bought and sold shares of the stock. State of Tennessee Department of Treasury lifted its stake in shares of MDU Resources Group by 2.4% during the second quarter. State of Tennessee Department of Treasury now owns 95,018 shares of the utilities provider’s stock worth $1,584,000 after buying an additional 2,257 shares during the period. Raymond James Financial Inc. raised its stake in MDU Resources Group by 24.5% in the 2nd quarter. Raymond James Financial Inc. now owns 73,675 shares of the utilities provider’s stock worth $1,228,000 after acquiring an additional 14,483 shares during the last quarter. Tidal Investments LLC lifted its position in MDU Resources Group by 31.9% during the 2nd quarter. Tidal Investments LLC now owns 37,761 shares of the utilities provider’s stock worth $629,000 after acquiring an additional 9,133 shares during the period. BNP Paribas Financial Markets grew its stake in MDU Resources Group by 166.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 35,079 shares of the utilities provider’s stock valued at $585,000 after purchasing an additional 21,895 shares during the last quarter. Finally, Amundi purchased a new stake in MDU Resources Group during the 2nd quarter valued at about $564,000. 71.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MDU has been the topic of several recent analyst reports. TD Cowen started coverage on shares of MDU Resources Group in a research note on Thursday, October 16th. They issued a “hold” rating and a $20.00 price target on the stock. Zacks Research lowered shares of MDU Resources Group from a “hold” rating to a “strong sell” rating in a research 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 note on Wednesday, October 8th. Cowen started coverage on MDU Resources Group in a research note on Wednesday, October 15th. They issued a “hold” rating on the stock. Finally, Wall Street Zen lowered MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, MDU Resources Group currently has a consensus rating of “Hold” and an average target price of $21.00.

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.