HITE Hedge Asset Management LLC Invests $13.47 Million in MDU Resources Group, Inc. $MDU

HITE Hedge Asset Management LLC bought a new position in MDU Resources Group, Inc. (NYSE:MDU) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 690,000 shares of the utilities provider’s stock, valued at approximately $13,469,000. HITE Hedge Asset Management LLC owned about 0.34% of MDU Resources Group as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MDU. GoalVest Advisory LLC bought a new position in MDU Resources Group during the 4th quarter valued at about $26,000. Flagship Harbor Advisors LLC bought a new position in MDU Resources Group during the 4th quarter valued at about $27,000. Geneos Wealth Management Inc. grew its holdings in 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 purchasing an additional 800 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in MDU Resources Group by 6,404.3% during 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 purchasing an additional 1,473 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in 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 valued at $36,000 after purchasing an additional 1,846 shares during the last quarter. 71.44% of the stock is currently owned by institutional investors.

MDU Resources Group Stock Performance

Shares of NYSE:MDU opened at $21.09 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.75 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 3.87 and a beta of 0.66. The firm’s 50-day moving average is $21.82 and its 200 day moving average is $20.84. MDU Resources Group, Inc. has a 12 month low of $15.76 and a 12 month high of $22.98.

MDU Resources Group (NYSE:MDU) last issued its earnings results on Thursday, May 7th. The utilities provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The company had revenue of $605.98 million during the quarter, compared to the consensus estimate of $688.34 million. MDU Resources Group had a return on equity of 6.82% and a net margin of 10.47%.MDU Resources Group’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Research analysts predict that MDU Resources Group, Inc. will post 0.98 EPS for the current year.

MDU Resources Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, June 11th. MDU Resources Group’s dividend payout ratio is currently 60.87%.

Analyst Ratings Changes

Several brokerages recently commented on MDU. TD Cowen upped their price target on shares of MDU Resources Group to $22.00 and gave the company a “hold” rating in a report on Friday, May 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of MDU Resources Group in a report on Friday, April 10th. Loop Capital set a $21.00 price target on shares of MDU Resources Group in a report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. began coverage on shares of MDU Resources Group in a report on Thursday, April 16th. They set a “neutral” rating and a $22.00 price target on the stock. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average 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.