Focus Partners Advisor Solutions LLC Acquires Shares of 28,987 MDU Resources Group, Inc. $MDU

Focus Partners Advisor Solutions LLC bought a new position in shares of MDU Resources Group, Inc. (NYSE:MDU) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 28,987 shares of the utilities provider’s stock, valued at approximately $615,000.

A number of other large investors have also modified their holdings of MDU. Geneos Wealth Management Inc. raised its position in shares of MDU Resources Group by 94.5% in the second quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider’s stock valued at $27,000 after buying an additional 800 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of MDU Resources Group by 6,404.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider’s stock worth $27,000 after buying an additional 1,473 shares in the last quarter. Global Retirement Partners LLC boosted its position in MDU Resources Group by 13,185.7% during the fourth quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 1,846 shares during the last quarter. McMillan Office Inc. acquired a new position in MDU Resources Group during the fourth quarter worth about $40,000. Finally, Rockefeller Capital Management L.P. grew its stake in MDU Resources Group by 40.4% during 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 in the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. TD Cowen increased their price objective on shares of MDU Resources Group to $22.00 and gave the company a “hold” rating in a report on Friday, May 15th. JPMorgan Chase & Co. upgraded MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 target price on the stock in a report on Thursday, August 6th. Wells Fargo & Company assumed coverage on MDU Resources Group in a research report on Monday, July 13th. They issued an “overweight” rating and a $25.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of MDU Resources Group in a report on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $23.40.

MDU Resources Group Trading Down 0.6%

Shares of MDU stock opened at $20.53 on Tuesday. The company’s 50-day moving average price is $20.86 and its 200-day moving average price is $21.10. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 3.81 and a beta of 0.67. MDU Resources Group, Inc. has a twelve month low of $15.76 and a twelve month high of $22.98.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. MDU Resources Group had a net margin of 10.75% and a return on equity of 6.89%. The firm had revenue of $375.30 million during the quarter, compared to analysts’ expectations of $396.56 million. During the same period last year, the business earned $0.07 earnings per share. MDU Resources Group’s revenue 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. As a group, equities analysts predict that MDU Resources Group, Inc. will post 0.98 earnings per share for the current year.

MDU Resources Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.145 dividend. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.58 annualized dividend and a dividend yield of 2.8%. MDU Resources Group’s dividend payout ratio is currently 61.05%.

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.