MDU Resources Group, Inc. $MDU Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,261,426 shares of the utilities provider’s stock after selling 62,482 shares during the period. Sei Investments Co.’s holdings in MDU Resources Group were worth $109,017,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDU. Earnest Partners LLC raised its holdings in shares of MDU Resources Group by 678.2% in the 4th quarter. Earnest Partners LLC now owns 9,946,196 shares of the utilities provider’s stock worth $194,150,000 after purchasing an additional 8,668,137 shares during the period. First Trust Advisors LP lifted its stake in shares of 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 purchasing an additional 4,262,042 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of MDU Resources Group by 41.3% during 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 purchasing an additional 3,766,737 shares during the period. Norges Bank purchased a new stake in shares of MDU Resources Group during the 4th quarter worth about $59,617,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in MDU Resources Group during the 1st quarter worth approximately $52,457,000. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Price Performance

Shares of NYSE MDU opened at $21.14 on Friday. MDU Resources Group, Inc. has a 1-year low of $15.76 and a 1-year high of $22.98. The business has a 50-day moving average of $21.28 and a 200-day moving average of $21.09. 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 company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 3.91 and a beta of 0.67.

MDU Resources Group (NYSE:MDU) last posted its earnings results on Thursday, May 7th. The utilities provider reported $0.39 earnings per share (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 analyst estimates of $688.34 million. MDU Resources Group had a net margin of 10.47% and a return on equity of 6.82%. MDU Resources Group’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, equities analysts anticipate that MDU Resources Group, Inc. will post 0.98 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.56 annualized dividend and a yield of 2.6%. MDU Resources Group’s dividend payout ratio (DPR) is 60.87%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of MDU Resources Group in a report on Wednesday, July 8th. Wells Fargo & Company initiated coverage on shares of MDU Resources Group in a research note on Monday, July 13th. They set an “overweight” rating and a $25.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of MDU Resources Group in a research report on Thursday, April 16th. They issued a “neutral” rating and a $22.00 price objective for the company. Finally, TD Cowen raised their target price on shares of MDU Resources Group to $22.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, MDU Resources Group currently has a consensus rating of “Hold” and an average price target of $22.40.

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.