Hsbc Holdings PLC Invests $1.12 Million in MDU Resources Group, Inc. $MDU

Key Points

• HSBC Holdings acquired a new $1.12 million stake in MDU Resources Group during the second quarter, purchasing 52,461 shares. Institutional investors and hedge funds collectively own 71.44% of the utility company.
• Analyst sentiment is mixed: JPMorgan and Wells Fargo rated the stock “overweight,” while the overall consensus remains “Hold” with an average price target of $23.40.
• MDU reported quarterly EPS of $0.10, ahead of the $0.09 estimate, while revenue rose 6.8% year over year but missed expectations. The company also increased its quarterly dividend to $0.145 per share, representing a 3.0% annualized yield.

Hsbc Holdings PLC acquired a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 52,461 shares of the utilities provider's stock, valued at approximately $1,120,000.

Other institutional investors have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of MDU Resources Group by 8.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 499,908 shares of the utilities provider's stock valued at $8,453,000 after buying an additional 39,978 shares in the last quarter. Quantbot Technologies LP acquired a new stake in MDU Resources Group in the second quarter valued at approximately $370,000. EverSource Wealth Advisors LLC lifted its stake in MDU Resources Group by 56.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the utilities provider's stock valued at $42,000 after acquiring an additional 904 shares during the last quarter. Amundi bought a new stake in MDU Resources Group in the second quarter worth approximately $564,000. Finally, Jump Financial LLC grew its position in MDU Resources Group by 355.9% in the second quarter. Jump Financial LLC now owns 178,703 shares of the utilities provider's stock worth $2,979,000 after acquiring an additional 139,503 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company's stock.

Analyst Upgrades and Downgrades

MDU has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded 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 report on Thursday, August 6th. Weiss Ratings lowered MDU Resources Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, August 28th. Finally, Wells Fargo & Company initiated coverage on MDU Resources Group in a research report on Monday, July 13th. They issued an "overweight" rating and a $25.00 price target for the company. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, MDU Resources Group currently has an average rating of "Hold" and an average price target of $23.40.

MDU Resources Group Price Performance

NYSE MDU opened at $19.20 on Friday. 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 fifty day simple moving average of $20.37 and a 200 day simple moving average of $21.02. The company has a market cap of $3.93 billion, a P/E ratio of 20.21, a P/E/G ratio of 3.55 and a beta of 0.67. MDU Resources Group, Inc. has a 1 year low of $15.76 and a 1 year high of $22.98.

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

MDU Resources Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, September 10th. This is a positive change from MDU Resources Group's previous quarterly dividend of $0.14. MDU Resources Group's dividend payout ratio is currently 61.05%.

About MDU Resources Group

MDU Resources Group, Inc is a regulated utility holding company headquartered in Bismarck, North Dakota. Through its utility subsidiaries, the company generates, transmits and distributes electricity and provides natural gas distribution and related services to residential, commercial, industrial and agricultural customers.

MDU's principal electric utility, Montana-Dakota Utilities Co, serves customers in parts of North Dakota, South Dakota, Montana and Wyoming. Its natural gas operations include Montana-Dakota Utilities, Great Plains Natural Gas Co, Cascade Natural Gas Corp.

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