MDU Resources Group, Inc. $MDU Shares Sold by Caxton Associates LLP

Caxton Associates LLP decreased its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 61.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 55,371 shares of the utilities provider’s stock after selling 88,277 shares during the quarter. Caxton Associates LLP’s holdings in MDU Resources Group were worth $923,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of MDU Resources Group during the 2nd quarter worth $40,087,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in MDU Resources Group during the second quarter worth about $26,098,000. River Road Asset Management LLC purchased a new position in shares of MDU Resources Group in the 2nd quarter worth about $26,105,000. Adage Capital Partners GP L.L.C. lifted its stake in shares of MDU Resources Group by 195.0% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,548,864 shares of the utilities provider’s stock valued at $26,191,000 after purchasing an additional 1,023,864 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of MDU Resources Group during the 1st quarter worth about $14,636,000. Institutional investors and hedge funds own 71.44% of the company’s stock.

Wall Street Analysts Forecast Growth

MDU has been the topic of a number of recent research reports. Zacks Research raised shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. Jefferies Financial Group lifted their target price on shares of MDU Resources Group to $22.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Cowen began coverage on shares of MDU Resources Group in a research report on Wednesday, October 15th. They set a “hold” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of MDU Resources Group in a research report on Monday, December 8th. Finally, TD Cowen assumed coverage on MDU Resources Group in a research note on Thursday, October 16th. They set a “hold” rating and a $20.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, MDU Resources Group presently has a consensus rating of “Hold” and an average target price of $21.00.

MDU Resources Group Stock Down 0.0%

MDU stock opened at $19.59 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.69. The stock has a market capitalization of $4.00 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.80 and a beta of 0.75. MDU Resources Group, Inc. has a fifty-two week low of $15.04 and a fifty-two week high of $21.49. The business has a 50-day moving average of $19.92 and a 200-day moving average of $17.84.

MDU Resources Group (NYSE:MDU) last released its earnings results on Thursday, November 6th. The utilities provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. MDU Resources Group had a return on equity of 6.81% and a net margin of 9.02%.MDU Resources Group’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. MDU Resources Group has set its FY 2025 guidance at 0.900-0.950 EPS. On average, sell-side analysts anticipate that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Thursday, December 11th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, December 11th. MDU Resources Group’s payout ratio is presently 67.47%.

About MDU Resources Group

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.