Hsbc Holdings PLC Buys Shares of 52,461 MDU Resources Group, Inc. $MDU

Key Points

• HSBC Holdings purchased 52,461 shares of MDU Resources Group worth approximately $1.12 million, while institutional investors collectively own 71.44% of the company.
• Analyst sentiment remains mixed, with three Buy ratings and four Holds; MDU has an average rating of Hold and an average price target of $23.40.
• MDU beat quarterly earnings expectations with $0.10 in EPS versus $0.09 forecast, and increased its quarterly dividend to $0.145, representing a 2.9% annualized yield.

Hsbc Holdings PLC purchased a new position in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 52,461 shares of the utilities provider's stock, valued at approximately $1,120,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. boosted its position in MDU Resources Group by 94.5% during the second quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider's stock worth $27,000 after acquiring an additional 800 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings 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 valued at $27,000 after acquiring an additional 1,473 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of MDU Resources Group by 13,185.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider's stock worth $36,000 after purchasing an additional 1,846 shares during the period. Trust Co. of Vermont acquired a new stake in shares of MDU Resources Group during the second quarter worth $39,000. Finally, McMillan Office Inc. acquired a new stake in shares of MDU Resources Group during the fourth quarter worth $40,000. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on MDU Resources Group in a research report on Monday, July 13th. They set an "overweight" rating and a $25.00 target price on the stock. TD Cowen lifted their price target on MDU Resources Group to $22.00 and gave the company a "hold" rating in a report on Friday, May 15th. Weiss Ratings downgraded shares of MDU Resources Group from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday. Finally, JPMorgan Chase & Co. upgraded shares of MDU Resources Group from a "neutral" rating to an "overweight" rating and set a $27.00 price objective on the stock in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, MDU Resources Group has an average rating of "Hold" and an average target price of $23.40.

MDU Resources Group Price Performance

MDU stock opened at $19.96 on Tuesday. The stock has a 50-day moving average price of $20.67 and a two-hundred day moving average price of $21.08. MDU Resources Group, Inc. has a 12-month low of $15.76 and a 12-month high of $22.98. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. The company has a market cap of $4.09 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 3.65 and a beta of 0.67.

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

MDU Resources Group Increases Dividend

The business 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 $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 2.9%. This is a boost from MDU Resources Group's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, September 10th. MDU Resources Group's dividend payout ratio is 58.95%.

MDU Resources Group 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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