MDU Resources Group, Inc. $MDU Shares Sold by Perpetual Ltd

Key Points

• Perpetual Ltd reduced its MDU Resources stake by 6.3% in the third quarter, selling 86,038 shares and retaining 1.28 million shares valued at approximately $23.8 million. Institutional investors collectively own 71.44% of the company.
• MDU Resources reported quarterly EPS of $0.10, beating estimates by $0.01, while revenue of $375.3 million fell short of expectations. The company raised its quarterly dividend to $0.145 per share, representing a 3.1% yield.
• The stock opened at $18.66, near its 52-week low, while analysts maintain a consensus “Hold” rating and an average price target of $23.40; JPMorgan and Wells Fargo have issued overweight ratings.

Perpetual Ltd lessened its holdings in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 6.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,283,404 shares of the utilities provider's stock after selling 86,038 shares during the period. Perpetual Ltd owned approximately 0.63% of MDU Resources Group worth $23,794,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Elevation Wealth Partners LLC lifted its position in MDU Resources Group by 315.6% during the third quarter. Elevation Wealth Partners LLC now owns 1,683 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 1,278 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of MDU Resources Group in the 2nd quarter worth about $39,000. Allworth Financial LP purchased a new stake in shares of MDU Resources Group during the 2nd quarter valued at about $43,000. Rockefeller Capital Management L.P. raised its position in shares of MDU Resources Group by 40.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the utilities provider's stock valued at $41,000 after buying an additional 605 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of MDU Resources Group during the 2nd quarter valued at about $55,000. Hedge funds and other institutional investors own 71.44% of the company's stock.

MDU Resources Group Stock Down 0.4%

NYSE MDU opened at $18.66 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.88. The company has a fifty day moving average of $19.47 and a two-hundred day moving average of $20.73. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 3.46 and a beta of 0.66. MDU Resources Group, Inc. has a 52 week low of $18.24 and a 52 week high of $22.98.

MDU Resources Group (NYSE:MDU - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $375.30 million for the quarter, compared to analysts' expectations 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 revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, analysts predict that MDU Resources Group, Inc. will post 0.98 earnings per share for the current year.

MDU Resources Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were issued a dividend of $0.1450 per share. This represents a $0.58 annualized dividend and a yield of 3.1%. The ex-dividend date was Thursday, September 10th. This is a positive change from MDU Resources Group's previous quarterly dividend of $0.14. MDU Resources Group's payout ratio is currently 61.05%.

Analyst Ratings Changes

MDU has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded MDU Resources Group from a "neutral" rating to an "overweight" rating and set a $27.00 price target for the company in a research report on Thursday, August 6th. 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 price objective on the stock. Finally, Weiss Ratings raised MDU Resources Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, October 6th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $23.40.

MDU Resources Group Company Profile

MDU Resources Group, Inc NYSE: MDU is a regulated energy company that provides electric and natural gas utility services. Through its utility subsidiaries, the company generates, purchases, transmits and distributes electricity, while also delivering natural gas to residential, commercial and industrial customers.

MDU's principal utility operations include Montana-Dakota Utilities Co, which serves communities in North Dakota, South Dakota, Montana and Wyoming, and Intermountain Gas Company, which provides natural gas service in Idaho.

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