Sanctuary Advisors LLC Buys New Stake in MDU Resources Group, Inc. $MDU

Sanctuary Advisors LLC purchased a new stake in MDU Resources Group, Inc. (NYSE:MDU) during the second quarter, HoldingsChannel.com reports. The fund purchased 43,102 shares of the utilities provider’s stock, valued at approximately $914,000.

Several other hedge funds have also bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of MDU Resources Group by 8.7% during the first 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 purchasing an additional 39,978 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of MDU Resources Group in the second quarter worth about $370,000. EverSource Wealth Advisors LLC lifted its position in shares of MDU Resources Group by 56.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the utilities provider’s stock worth $42,000 after buying an additional 904 shares in the last quarter. Amundi bought a new position in MDU Resources Group during the second quarter valued at approximately $564,000. Finally, Jump Financial LLC boosted its stake in MDU Resources Group by 355.9% during the second quarter. Jump Financial LLC now owns 178,703 shares of the utilities provider’s stock valued at $2,979,000 after buying an additional 139,503 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

MDU Resources Group Trading Down 0.7%

MDU opened at $20.14 on Friday. The stock has a 50-day moving average of $20.73 and a 200 day moving average of $21.08. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. MDU Resources Group, Inc. has a 12 month low of $15.76 and a 12 month high of $22.98. The firm has a market cap of $4.12 billion, a P/E ratio of 21.20, a P/E/G ratio of 3.75 and a beta of 0.67.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $375.30 million for the quarter, compared to the consensus estimate of $396.56 million. MDU Resources Group had a return on equity of 6.89% and a net margin of 10.75%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. As a group, research analysts forecast that MDU Resources Group, Inc. will post 0.98 EPS for the current year.

MDU Resources Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, September 10th. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.14. MDU Resources Group’s payout ratio is currently 58.95%.

Analysts Set New Price Targets

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

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.