Legal & General Group Plc Trims Holdings in MDU Resources Group, Inc. $MDU

Legal & General Group Plc lessened its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 9.9% during the fourth quarter, Holdings Channel reports. The firm owned 874,579 shares of the utilities provider’s stock after selling 96,633 shares during the quarter. Legal & General Group Plc’s holdings in MDU Resources Group were worth $17,072,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. GoalVest Advisory LLC purchased a new position in MDU Resources Group during the 4th quarter valued at about $26,000. Flagship Harbor Advisors LLC purchased a new position in MDU Resources Group during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd increased its holdings in MDU Resources Group by 6,404.3% during the 3rd 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 period. Geneos Wealth Management Inc. increased its holdings in MDU Resources Group by 94.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 800 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in 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 valued at $36,000 after purchasing an additional 1,846 shares during the period. Hedge funds and other institutional investors own 71.44% of the company’s stock.

MDU Resources Group Stock Performance

Shares of MDU opened at $20.76 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.78 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average price is $21.72 and its 200-day moving average price is $20.81. MDU Resources Group, Inc. has a 52 week low of $15.76 and a 52 week high of $22.98. The stock has a market cap of $4.25 billion, a P/E ratio of 22.56, a P/E/G ratio of 3.90 and a beta of 0.70.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates 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 in the prior year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Equities research analysts anticipate that MDU Resources Group, Inc. will post 0.98 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, June 11th. MDU Resources Group’s payout ratio is currently 60.87%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MDU shares. Weiss Ratings restated a “hold (c)” rating on shares of MDU Resources Group in a report on Friday, April 10th. Loop Capital set a $21.00 target price on MDU Resources Group in a report on Tuesday, February 24th. TD Cowen upped their target price on MDU Resources Group to $22.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Finally, JPMorgan Chase & Co. began coverage on MDU Resources Group in a report on Thursday, April 16th. They set a “neutral” rating and a $22.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, MDU Resources Group has an average rating of “Hold” and a consensus target price of $21.75.

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.