63,208 Shares in MDU Resources Group, Inc. $MDU Purchased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners purchased 63,208 shares of MDU Resources Group during the second quarter, valued at approximately $1.34 million. Institutional investors own 71.44% of the company.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $23.40; JPMorgan upgraded the stock to “Overweight” with a $27 target.
• MDU beat quarterly earnings expectations with $0.10 in EPS versus $0.09 forecast, while revenue rose 6.8% year over year. The company also increased its quarterly dividend to $0.145 per share, yielding about 2.8% annually.

GSA Capital Partners LLP purchased a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 63,208 shares of the utilities provider's stock, valued at approximately $1,341,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in MDU Resources Group by 6,404.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider's stock worth $27,000 after acquiring an additional 1,473 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of MDU Resources Group by 94.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 800 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of MDU Resources Group by 13,185.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 1,846 shares in the last quarter. McMillan Office Inc. purchased a new position in shares of MDU Resources Group in the fourth quarter valued at $40,000. Finally, Rockefeller Capital Management L.P. increased its position in MDU Resources Group by 40.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the utilities provider's stock worth $41,000 after purchasing an additional 605 shares during the last quarter. 71.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on MDU. JPMorgan Chase & Co. raised shares of MDU Resources Group from a "neutral" rating to an "overweight" rating and set a $27.00 price target on the stock in a research note on Thursday, August 6th. Weiss Ratings reissued a "hold (c)" rating on shares of MDU Resources Group in a research note on Wednesday, July 8th. Wells Fargo & Company initiated coverage on shares of MDU Resources Group in a report on Monday, July 13th. They issued an "overweight" rating and a $25.00 target price on the stock. Finally, TD Cowen upped their target price on shares of MDU Resources Group to $22.00 and gave the company a "hold" rating in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $23.40.

MDU Resources Group Price Performance

Shares of MDU Resources Group stock opened at $20.53 on Tuesday. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 3.81 and a beta of 0.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a 50 day moving average price of $20.86 and a 200-day moving average price of $21.10. MDU Resources Group, Inc. has a one year low of $15.76 and a one year high of $22.98.

MDU Resources Group (NYSE:MDU - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $375.30 million for the quarter, compared to analyst estimates of $396.56 million. MDU Resources Group had a return on equity of 6.89% and a net margin of 10.75%.MDU Resources Group's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Equities analysts expect that MDU Resources Group, Inc. will post 0.98 EPS for the current year.

MDU Resources Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 2.8%. This is a positive change from MDU Resources Group's previous quarterly dividend of $0.14. The ex-dividend date is Thursday, September 10th. MDU Resources Group's dividend payout ratio (DPR) is presently 61.05%.

MDU Resources Group Company Profile

MDU Resources Group, Inc is a diversified energy and services holding company headquartered in Bismarck, North Dakota. The company operates through two primary segments: Utilities and Construction Services and Pipelines & Midstream. Serving a broad geographic footprint across the upper Midwest and Pacific Northwest, MDU provides essential energy distribution and infrastructure services to residential, commercial and industrial customers.

The Utilities segment delivers electric and natural gas distribution services in Montana, North Dakota, South Dakota, Minnesota, Kansas, Wisconsin, Michigan and Washington.

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