iSAM Funds UK Ltd Purchases Shares of 42,900 MDU Resources Group, Inc. $MDU

iSAM Funds UK Ltd acquired a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 42,900 shares of the utilities provider’s stock, valued at approximately $910,000.

Several other hedge funds also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd lifted its stake in MDU Resources Group by 6,404.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 1,473 shares during the last quarter. Geneos Wealth Management Inc. grew its position in 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 worth $27,000 after buying an additional 800 shares during the last quarter. Trust Co. of Vermont acquired a new position in MDU Resources Group in the second quarter worth approximately $39,000. Global Retirement Partners LLC increased its holdings in shares of MDU Resources Group by 13,185.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider’s stock valued at $36,000 after buying an additional 1,846 shares in the last quarter. Finally, Allworth Financial LP bought a new position in shares of MDU Resources Group in the second quarter valued at $43,000. Institutional investors and hedge funds own 71.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MDU shares. Wells Fargo & Company began coverage on MDU Resources Group in a research report on Monday, July 13th. They set an “overweight” rating and a $25.00 price objective for the company. JPMorgan Chase & Co. raised MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 target price on the stock in a research report on Thursday, August 6th. TD Cowen upped their target price on MDU Resources Group to $22.00 and gave the company a “hold” rating in a report on Friday, May 15th. Finally, Weiss Ratings downgraded MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 28th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, MDU Resources Group has a consensus rating of “Hold” and a consensus price target of $23.40.

MDU Resources Group Stock Down 0.7%

MDU stock opened at $19.82 on Thursday. MDU Resources Group, Inc. has a 52-week low of $15.76 and a 52-week high of $22.98. The company’s 50 day simple moving average is $20.60 and its 200-day simple moving average is $21.07. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.99 and a quick ratio of 0.95. The firm has a market capitalization of $4.06 billion, a P/E ratio of 20.86, a P/E/G ratio of 3.69 and a beta of 0.67.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.10 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $396.56 million. During the same quarter last year, the business posted $0.07 EPS. The company’s revenue was up 6.8% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. As a group, equities research analysts anticipate that MDU Resources Group, Inc. will post 0.98 EPS for the current year.

MDU Resources Group Increases Dividend

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

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.