Odyssean LLC Makes New Investment in MDU Resources Group, Inc. $MDU

Odyssean LLC purchased a new position in shares of MDU Resources Group, Inc. (NYSE:MDU) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 34,614 shares of the utilities provider’s stock, valued at approximately $734,000.

Other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in 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 in the last quarter. Geneos Wealth Management Inc. boosted its stake in MDU Resources Group by 94.5% in the 2nd 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 period. Trust Co. of Vermont bought a new position in MDU Resources Group during the 2nd quarter worth about $39,000. Global Retirement Partners LLC raised its stake in shares of MDU Resources Group by 13,185.7% in 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. Finally, Allworth Financial LP bought a new stake in shares of MDU Resources Group in the second quarter valued at about $43,000. Institutional investors own 71.44% of the company’s stock.

MDU Resources Group Price Performance

Shares of NYSE MDU opened at $20.27 on Thursday. The business’s 50 day moving average price is $20.75 and its two-hundred day moving average price is $21.09. The company has a market cap of $4.15 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 3.69 and a beta of 0.67. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.88. 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, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $375.30 million during the quarter, compared to analysts’ expectations of $396.56 million. MDU Resources Group had a return on equity of 6.89% and a net margin of 10.75%.The business’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.07 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, analysts predict that MDU Resources Group, Inc. will post 0.98 EPS for the current year.

MDU Resources Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.145 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.14. MDU Resources Group’s dividend payout ratio is 61.05%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of MDU Resources Group in a report on Wednesday, July 8th. TD Cowen raised their price target 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. raised shares of MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 price objective on the stock in a research report on Thursday, August 6th. Finally, Wells Fargo & Company initiated coverage on shares of MDU Resources Group in a report on Monday, July 13th. They set an “overweight” rating and a $25.00 target price for the company. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.