Seven Grand Managers LLC Purchases Shares of 150,000 MDU Resources Group, Inc. $MDU

Seven Grand Managers LLC acquired a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 150,000 shares of the utilities provider’s stock, valued at approximately $2,928,000.

Several other institutional investors have also recently made changes to their positions in the stock. Clear Creek Financial Management LLC acquired a new stake in shares of MDU Resources Group in the 3rd quarter worth about $487,000. Thrivent Financial for Lutherans grew its position in MDU Resources Group by 35.4% in the 3rd 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. Alpine Global Management LLC bought a new stake in MDU Resources Group in the 3rd quarter worth about $2,216,000. Perpetual Ltd bought a new stake in MDU Resources Group in the 4th quarter worth about $22,031,000. Finally, Exchange Traded Concepts LLC grew its position in MDU Resources Group by 490.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 294,629 shares of the utilities provider’s stock worth $5,751,000 after purchasing an additional 244,733 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MDU Resources Group in a research report on Friday, April 10th. JPMorgan Chase & Co. began coverage on shares of MDU Resources Group in a research report on Thursday, April 16th. They set a “neutral” rating and a $22.00 target price for the company. Loop Capital set a $21.00 target price on shares of MDU Resources Group in a research report on Tuesday, February 24th. Finally, TD Cowen increased their target price on shares of MDU Resources Group to $22.00 and gave the company a “hold” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.75.

MDU Resources Group Stock Down 1.5%

MDU opened at $21.94 on Thursday. The company has a 50 day moving average of $21.68 and a 200 day moving average of $20.81. The company has a market cap of $4.49 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 4.12 and a beta of 0.70. MDU Resources Group, Inc. has a 12 month low of $15.76 and a 12 month high of $22.98. The company has a current ratio of 0.78, a quick ratio of 0.75 and a debt-to-equity ratio of 0.82.

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

MDU Resources Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be issued a $0.14 dividend. The ex-dividend date of this dividend is 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%.

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.