Seven Grand Managers LLC Takes Position in MDU Resources Group, Inc. $MDU

Key Points

• Seven Grand Managers LLC opened a new position in MDU Resources Group, buying 150,000 shares worth about $2.93 million in the fourth quarter.
• Institutional ownership remains high, with funds like Vanguard, Dimensional, and Barrow Hanley also increasing stakes; overall, 71.44% of MDU stock is held by institutional investors and hedge funds.
• MDU reported mixed quarterly results, missing earnings and revenue estimates, while also announcing a quarterly dividend of $0.14 per share for a 2.6% yield; analysts currently rate the stock Hold on average.

Seven Grand Managers LLC purchased a new stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 150,000 shares of the utilities provider's stock, valued at approximately $2,928,000. Seven Grand Managers LLC owned approximately 0.07% of MDU Resources Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDU. Vanguard Group Inc. raised its position in shares of MDU Resources Group by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 23,828,483 shares of the utilities provider's stock valued at $465,132,000 after buying an additional 571,015 shares in the last quarter. Dimensional Fund Advisors LP raised its position in MDU Resources Group by 3.6% during the third quarter. Dimensional Fund Advisors LP now owns 9,764,097 shares of the utilities provider's stock valued at $173,898,000 after purchasing an additional 339,573 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in MDU Resources Group by 4.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,128,208 shares of the utilities provider's stock valued at $162,573,000 after purchasing an additional 348,762 shares in the last quarter. Geode Capital Management LLC raised its position in MDU Resources Group by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 3,415,233 shares of the utilities provider's stock valued at $66,687,000 after purchasing an additional 21,460 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its position in MDU Resources Group by 42.0% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,200,000 shares of the utilities provider's stock valued at $36,674,000 after purchasing an additional 651,136 shares in the last quarter. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Stock Performance

NYSE MDU opened at $21.94 on Thursday. The firm's fifty day moving average price is $21.68 and its two-hundred day moving average price is $20.81. The stock has a market cap of $4.49 billion, a PE ratio of 23.84, a PEG ratio of 4.12 and a beta of 0.70. MDU Resources Group, Inc. has a fifty-two week low of $15.76 and a fifty-two week high of $22.98. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 0.78.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). MDU Resources Group had a return on equity of 6.82% and a net margin of 10.47%.The business had revenue of $605.98 million during the quarter, compared to the consensus estimate of $688.34 million. During the same period in the prior year, the firm earned $0.40 EPS. The business's revenue for the quarter was down 10.2% compared to the same quarter last year. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, equities analysts expect that MDU Resources Group, Inc. will post 0.98 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.56 annualized dividend and a dividend yield of 2.6%. MDU Resources Group's payout ratio is currently 60.87%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Loop Capital set a $21.00 price objective on shares of MDU Resources Group in a research report on Tuesday, February 24th. TD Cowen boosted their price objective on shares of MDU Resources Group to $22.00 and gave the company a "hold" rating in a research report on Friday, May 15th. Weiss Ratings restated a "hold (c)" rating on shares of MDU Resources Group in a research report on Friday, April 10th. Finally, JPMorgan Chase & Co. assumed coverage on shares of MDU Resources Group in a research report on Thursday, April 16th. They set a "neutral" rating and a $22.00 price objective for the company. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $21.75.

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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