Maven Securities LTD Purchases 47,026 Shares of MDU Resources Group, Inc. $MDU

Maven Securities LTD raised its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 226.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,781 shares of the utilities provider’s stock after buying an additional 47,026 shares during the period. Maven Securities LTD’s holdings in MDU Resources Group were worth $1,207,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MDU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in MDU Resources Group by 8.7% during 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 valued at $8,453,000 after acquiring an additional 39,978 shares during the period. Savant Capital LLC increased its stake in MDU Resources Group by 25.3% in the second quarter. Savant Capital LLC now owns 12,744 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 2,570 shares during the period. Geode Capital Management LLC lifted its position in shares of MDU Resources Group by 0.3% during the second quarter. Geode Capital Management LLC now owns 3,427,029 shares of the utilities provider’s stock worth $57,144,000 after purchasing an additional 8,754 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in shares of MDU Resources Group by 5.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 77,828 shares of the utilities provider’s stock worth $1,297,000 after purchasing an additional 3,899 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of MDU Resources Group by 7.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,460 shares of the utilities provider’s stock valued at $875,000 after purchasing an additional 3,668 shares during the period. Institutional investors own 71.44% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at MDU Resources Group

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

MDU Resources Group Price Performance

Shares of MDU stock opened at $20.40 on Wednesday. MDU Resources Group, Inc. has a twelve month low of $15.04 and a twelve month 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 fifty day simple moving average of $20.55 and a two-hundred day simple moving average of $19.52. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 3.55 and a beta of 0.75.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $534.00 million for the quarter, compared to analyst estimates of $560.72 million. MDU Resources Group had a return on equity of 6.98% and a net margin of 10.15%.The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, 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 announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be given a dividend of $0.14 per share. 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 (DPR) is 60.22%.

About MDU Resources Group

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.