Maven Securities LTD Boosts Stake in MDU Resources Group, Inc. $MDU

Maven Securities LTD raised its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 226.6% during the 3rd quarter, Holdings Channel reports. The fund owned 67,781 shares of the utilities provider’s stock after purchasing an additional 47,026 shares during the period. Maven Securities LTD’s holdings in MDU Resources Group were worth $1,207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MDU. Clear Creek Financial Management LLC bought a new stake in MDU Resources Group during the third quarter valued at about $487,000. Thrivent Financial for Lutherans raised its holdings in MDU Resources Group by 35.4% in the third quarter. Thrivent Financial for Lutherans now owns 685,347 shares of the utilities provider’s stock worth $12,206,000 after purchasing an additional 179,357 shares in the last quarter. Leuthold Group LLC raised its holdings in MDU Resources Group by 11.3% in the second quarter. Leuthold Group LLC now owns 202,649 shares of the utilities provider’s stock worth $3,378,000 after purchasing an additional 20,553 shares in the last quarter. Citigroup Inc. lifted its position in shares of MDU Resources Group by 36.7% during the third quarter. Citigroup Inc. now owns 178,904 shares of the utilities provider’s stock valued at $3,186,000 after buying an additional 48,006 shares during the last quarter. Finally, River Road Asset Management LLC bought a new stake in shares of MDU Resources Group in the 2nd quarter valued at about $26,105,000. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

MDU Resources Group Price Performance

Shares of NYSE MDU opened at $20.40 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.78 and a current ratio of 0.84. The company has a market cap of $4.17 billion, a PE ratio of 21.93, a P/E/G ratio of 3.55 and a beta of 0.75. The business has a 50-day simple moving average of $20.55 and a two-hundred day simple moving average of $19.52. MDU Resources Group, Inc. has a fifty-two week low of $15.04 and a fifty-two week high of $21.49.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $534.00 million for the quarter, compared to the consensus estimate of $560.72 million. MDU Resources Group had a net margin of 10.15% and a return on equity of 6.98%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. As a group, equities analysts expect that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.56 dividend on an annualized basis and a yield of 2.7%. MDU Resources Group’s dividend payout ratio is presently 60.22%.

Insider Transactions at MDU Resources Group

In related news, Director Charles M. Kelley purchased 5,000 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was acquired at an average price of $20.84 per share, with a total value of $104,200.00. Following the completion of the acquisition, the director owned 8,031 shares in the company, valued at approximately $167,366.04. This represents a 164.96% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MDU shares. Zacks Research raised shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of MDU Resources Group in a research report on Monday, December 29th. Citigroup restated a “neutral” rating on shares of MDU Resources Group in a research note on Thursday, January 15th. Finally, Loop Capital set a $21.00 price target on shares of MDU Resources Group in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.00.

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.