Focus Partners Advisor Solutions LLC Reduces Stock Holdings in MDU Resources Group, Inc. $MDU

Focus Partners Advisor Solutions LLC trimmed its position in MDU Resources Group, Inc. (NYSE:MDU) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,489 shares of the utilities provider’s stock after selling 909 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in MDU Resources Group were worth $525,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in MDU Resources Group by 1.8% in the first quarter. Vanguard Group Inc. now owns 23,405,598 shares of the utilities provider’s stock worth $395,789,000 after purchasing an additional 408,146 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in MDU Resources Group by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 8,450,566 shares of the utilities provider’s stock worth $142,894,000 after purchasing an additional 263,572 shares during the last quarter. Invesco Ltd. boosted its position in MDU Resources Group by 30.1% in the first quarter. Invesco Ltd. now owns 3,124,863 shares of the utilities provider’s stock worth $52,841,000 after purchasing an additional 723,560 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in MDU Resources Group by 6.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,329,538 shares of the utilities provider’s stock worth $39,392,000 after purchasing an additional 150,181 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in MDU Resources Group by 11.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,566,781 shares of the utilities provider’s stock worth $26,494,000 after purchasing an additional 166,206 shares during the last quarter. 71.44% of the stock is owned by hedge funds and other institutional investors.

MDU Resources Group Stock Down 2.0%

NYSE MDU opened at $19.47 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 0.75. MDU Resources Group, Inc. has a 52 week low of $14.91 and a 52 week high of $29.58. The stock’s 50-day moving average price is $17.54 and its 200-day moving average price is $17.10. The company has a market capitalization of $3.98 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 3.19 and a beta of 0.70.

MDU Resources Group (NYSE:MDU) last released its earnings results on Thursday, August 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.06). MDU Resources Group had a return on equity of 8.29% and a net margin of 8.25%.The business had revenue of $351.20 million for the quarter, compared to analysts’ expectations of $315.67 million. During the same quarter in the prior year, the business posted $0.32 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. On average, equities research analysts predict that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Thursday, September 11th were given a dividend of $0.14 per share. This is an increase from MDU Resources Group’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, September 11th. MDU Resources Group’s dividend payout ratio (DPR) is 52.83%.

Insider Activity

In other MDU Resources Group news, CFO Jason L. Vollmer bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was purchased at an average price of $16.07 per share, for a total transaction of $80,350.00. Following the completion of the transaction, the chief financial officer owned 344,548 shares of the company’s stock, valued at $5,536,886.36. This trade represents a 1.47% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MDU. Weiss Ratings raised MDU Resources Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. TD Cowen initiated coverage on MDU Resources Group in a research note on Thursday, October 16th. They issued a “hold” rating and a $20.00 price objective on the stock. Zacks Research downgraded MDU Resources Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Wall Street Zen downgraded MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Jefferies Financial Group raised their price objective on MDU Resources Group to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.50.

MDU Resources Group Company Profile

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.