Louisiana State Employees Retirement System Takes Position in MDU Resources Group, Inc. $MDU

Louisiana State Employees Retirement System bought a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU) in the 1st quarter, Holdings Channel.com reports. The firm bought 90,600 shares of the utilities provider’s stock, valued at approximately $1,877,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alpine Global Management LLC purchased a new stake in shares of MDU Resources Group during the third quarter valued at approximately $2,216,000. Perpetual Ltd purchased a new position in shares of MDU Resources Group in the fourth quarter worth $22,031,000. Comerica Bank increased its stake in shares of MDU Resources Group by 22.3% in the fourth quarter. Comerica Bank now owns 243,107 shares of the utilities provider’s stock worth $4,745,000 after buying an additional 44,316 shares during the period. Phocas Financial Corp. bought a new stake in MDU Resources Group during the 4th quarter valued at $4,102,000. Finally, Exchange Traded Concepts LLC raised its holdings in MDU Resources Group by 490.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 294,629 shares of the utilities provider’s stock valued at $5,751,000 after buying an additional 244,733 shares during the last quarter. 71.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MDU shares. TD Cowen raised their price target on shares of MDU Resources Group to $22.00 and gave the stock a “hold” rating in a report on Friday, May 15th. JPMorgan Chase & Co. initiated coverage on shares of MDU Resources Group in a research note on Thursday, April 16th. They set a “neutral” rating and a $22.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of MDU Resources Group in a report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.75.

MDU Resources Group Trading Down 1.0%

Shares of NYSE MDU opened at $21.23 on Wednesday. MDU Resources Group, Inc. has a 1 year low of $15.76 and a 1 year high of $22.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.78 and a quick ratio of 0.75. The firm has a 50-day moving average of $21.71 and a 200 day moving average of $20.93. The stock has a market cap of $4.35 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 3.97 and a beta of 0.66.

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

MDU Resources Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.56 dividend on an annualized basis and a yield of 2.6%. MDU Resources Group’s payout ratio is presently 60.87%.

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.