MDU Resources Group, Inc. $MDU Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 197.0% in the first quarter, Holdings Channel reports. The fund owned 929,844 shares of the utilities provider’s stock after purchasing an additional 616,794 shares during the period. Renaissance Technologies LLC’s holdings in MDU Resources Group were worth $19,266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC acquired a new stake in MDU Resources Group in the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd raised its position 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 valued at $27,000 after buying an additional 1,473 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of MDU Resources Group by 94.5% during the second quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 800 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of MDU Resources Group by 13,185.7% during the 4th 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 period. Finally, McMillan Office Inc. purchased a new position in MDU Resources Group during the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 71.44% of the company’s stock.

MDU Resources Group Stock Down 0.2%

NYSE:MDU opened at $19.98 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.75 and a debt-to-equity ratio of 0.82. The stock has a 50 day moving average of $21.12 and a 200-day moving average of $21.11. The firm has a market capitalization of $4.09 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 3.70 and a beta of 0.67. MDU Resources Group, Inc. has a 52 week low of $15.76 and a 52 week high of $22.98.

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

MDU Resources Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.56 annualized dividend and a dividend yield of 2.8%. MDU Resources Group’s payout ratio is 60.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of MDU Resources Group to $22.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. assumed coverage on shares of MDU Resources Group in a research note on Thursday, April 16th. They issued a “neutral” rating and a $22.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of MDU Resources Group in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company initiated coverage on shares of MDU Resources Group in a report on Monday, July 13th. They issued an “overweight” rating and a $25.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, MDU Resources Group presently has an average rating of “Hold” and a consensus target price of $22.40.

MDU Resources Group Company 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.