GSA Capital Partners LLP Takes Position in MDU Resources Group, Inc. $MDU

GSA Capital Partners LLP purchased a new position in MDU Resources Group, Inc. (NYSE:MDU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,208 shares of the utilities provider’s stock, valued at approximately $1,341,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Earnest Partners LLC lifted its holdings in MDU Resources Group by 678.2% during the 4th quarter. Earnest Partners LLC now owns 9,946,196 shares of the utilities provider’s stock valued at $194,150,000 after buying an additional 8,668,137 shares in the last quarter. First Trust Advisors LP boosted its position in MDU Resources Group by 2,442.7% in the 4th quarter. First Trust Advisors LP now owns 4,436,521 shares of the utilities provider’s stock valued at $86,601,000 after buying an additional 4,262,042 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in MDU Resources Group by 41.3% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,894,945 shares of the utilities provider’s stock worth $251,709,000 after acquiring an additional 3,766,737 shares in the last quarter. Norges Bank bought a new position in MDU Resources Group in the 4th quarter worth about $59,617,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of MDU Resources Group during the first quarter worth approximately $52,457,000. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. TD Cowen lifted their price target on shares of MDU Resources Group to $22.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of MDU Resources Group in a report on Wednesday, July 8th. JPMorgan Chase & Co. raised MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 price objective on the stock in a research note on Thursday, August 6th. Finally, Wells Fargo & Company assumed coverage on MDU Resources Group in a report on Monday, July 13th. They set an “overweight” rating and a $25.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, MDU Resources Group has an average rating of “Hold” and an average price target of $23.40.

MDU Resources Group Stock Down 0.6%

NYSE:MDU opened at $20.53 on Tuesday. MDU Resources Group, Inc. has a 1-year low of $15.76 and a 1-year high of $22.98. The company has a 50-day moving average of $20.86 and a 200 day moving average of $21.10. The firm has a market cap of $4.20 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 3.81 and a beta of 0.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.99 and a quick ratio of 0.95.

MDU Resources Group (NYSE:MDU) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The company 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 firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. As a group, research analysts anticipate that MDU Resources Group, Inc. will post 0.98 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.145 per share. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 10th. MDU Resources Group’s payout ratio is 61.05%.

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.