MDU Resources Group, Inc. $MDU Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 44.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 41,938 shares of the utilities provider’s stock after selling 33,266 shares during the quarter. State of Alaska Department of Revenue’s holdings in MDU Resources Group were worth $777,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Arkadios Wealth Advisors grew its stake in MDU Resources Group by 1.7% in the 1st quarter. Arkadios Wealth Advisors now owns 27,316 shares of the utilities provider’s stock valued at $566,000 after buying an additional 449 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in MDU Resources Group by 40.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 605 shares during the period. Private Advisor Group LLC raised its holdings in MDU Resources Group by 0.9% in the 1st quarter. Private Advisor Group LLC now owns 70,442 shares of the utilities provider’s stock valued at $1,460,000 after acquiring an additional 612 shares during the period. D.A. Davidson & CO. lifted its position in MDU Resources Group by 0.9% during the first quarter. D.A. Davidson & CO. now owns 77,537 shares of the utilities provider’s stock worth $1,607,000 after acquiring an additional 658 shares during the last quarter. Finally, Apollon Wealth Management LLC lifted its position in MDU Resources Group by 8.3% during the first quarter. Apollon Wealth Management LLC now owns 16,482 shares of the utilities provider’s stock worth $342,000 after acquiring an additional 1,263 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

MDU Resources Group Stock Up 1.3%

NYSE MDU opened at $19.37 on Friday. The business has a fifty day moving average price of $19.24 and a two-hundred day moving average price of $20.62. The stock has a market capitalization of $3.96 billion, a PE ratio of 20.34, a PEG ratio of 3.53 and a beta of 0.66. MDU Resources Group, Inc. has a fifty-two week low of $18.24 and a fifty-two week high of $22.98. 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 quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. MDU Resources Group had a return on equity of 6.89% and a net margin of 10.75%. The company had revenue of $375.30 million for the quarter, compared to analyst estimates of $396.56 million. During the same quarter last year, the company posted $0.07 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Equities analysts expect that MDU Resources Group, Inc. will post 0.98 earnings per share for the current fiscal year.

MDU Resources Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid a $0.1450 dividend. This represents a $0.58 annualized dividend and a yield of 3.0%. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, September 10th. MDU Resources Group’s payout ratio is 61.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings cut MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. JPMorgan Chase & Co. upgraded MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 price target for the company in a research note on Thursday, August 6th. Finally, Wells Fargo & Company initiated coverage on MDU Resources Group in a report on Monday, July 13th. They issued an “overweight” rating and a $25.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, MDU Resources Group presently has an average rating of “Hold” and an average price target of $23.75.

MDU Resources Group Profile

MDU Resources Group, Inc is a regulated energy delivery company headquartered in Bismarck, North Dakota. Through its utility and pipeline businesses, the company provides electric and natural gas services to residential, commercial, industrial and institutional customers.

Montana-Dakota Utilities operates electric generation, transmission and distribution systems, as well as natural gas distribution networks, across parts of North Dakota, South Dakota, Montana and Wyoming. Great Plains Natural Gas provides natural gas service in portions of Minnesota.