Quantbot Technologies LP Raises Holdings in MDU Resources Group, Inc. $MDU

Quantbot Technologies LP boosted its position in MDU Resources Group, Inc. (NYSE:MDU) by 132.3% during the third quarter, Holdings Channel.com reports. The fund owned 51,566 shares of the utilities provider’s stock after purchasing an additional 29,367 shares during the quarter. Quantbot Technologies LP’s holdings in MDU Resources Group were worth $918,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of MDU Resources Group by 8.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 499,908 shares of the utilities provider’s stock worth $8,453,000 after purchasing an additional 39,978 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of MDU Resources Group by 157.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 212,933 shares of the utilities provider’s stock worth $3,550,000 after purchasing an additional 130,073 shares during the period. Teacher Retirement System of Texas increased its position in MDU Resources Group by 4.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 29,478 shares of the utilities provider’s stock worth $491,000 after purchasing an additional 1,161 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in MDU Resources Group in the second quarter valued at approximately $26,000. Finally, Bank of Montreal Can lifted its position in MDU Resources Group by 1.5% during the second quarter. Bank of Montreal Can now owns 58,177 shares of the utilities provider’s stock valued at $970,000 after buying an additional 872 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. 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 reaffirmed a “hold (c-)” rating on shares of MDU Resources Group in a research report on Monday, December 29th. Citigroup reiterated a “neutral” rating on shares of MDU Resources Group in a report on Thursday, January 15th. Finally, Loop Capital set a $21.00 price objective on MDU Resources Group in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, MDU Resources Group currently has an average rating of “Hold” and an average target price of $21.00.

MDU Resources Group Trading Down 1.5%

NYSE MDU opened at $20.94 on Friday. The company’s fifty day simple moving average is $20.38 and its 200-day simple moving average is $19.26. MDU Resources Group, Inc. has a 52 week low of $15.04 and a 52 week high of $21.49. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 0.91. The stock has a market cap of $4.28 billion, a P/E ratio of 22.52, a PEG ratio of 3.66 and a beta of 0.75.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, hitting 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 firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Equities research analysts predict that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be issued a $0.14 dividend. The ex-dividend date of this dividend 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 currently 60.22%.

Insiders Place Their Bets

In other MDU Resources Group news, Director Charles M. Kelley acquired 5,000 shares of the stock in a transaction on Friday, February 13th. The stock was purchased at an average price of $20.84 per share, for a total transaction of $104,200.00. Following the purchase, the director directly owned 8,031 shares in the company, valued at $167,366.04. This trade represents a 164.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by company insiders.

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.