Exchange Traded Concepts LLC Takes $889,000 Position in MDU Resources Group, Inc. $MDU

Exchange Traded Concepts LLC acquired a new stake in MDU Resources Group, Inc. (NYSE:MDU) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,896 shares of the utilities provider’s stock, valued at approximately $889,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. purchased a new position in MDU Resources Group during the second quarter worth about $26,000. Geneos Wealth Management Inc. increased its holdings in shares of 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 worth $27,000 after buying an additional 800 shares during the last quarter. Country Trust Bank purchased a new stake in shares of MDU Resources Group during the 2nd quarter valued at approximately $33,000. GAMMA Investing LLC lifted its holdings in MDU Resources Group by 61.3% in the third quarter. GAMMA Investing LLC now owns 2,192 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 833 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in MDU Resources Group in the second quarter valued at approximately $39,000. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Price Performance

MDU opened at $19.70 on Monday. The stock’s 50-day moving average price is $20.03 and its 200 day moving average price is $18.00. MDU Resources Group, Inc. has a 12-month low of $15.04 and a 12-month high of $21.49. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.80. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.81 and a beta of 0.75.

MDU Resources Group (NYSE:MDU) last released its earnings results on Thursday, November 6th. The utilities provider reported $0.09 earnings per share 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%.The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. MDU Resources Group has set its FY 2025 guidance at 0.900-0.950 EPS. As a group, sell-side analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Thursday, December 11th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, December 11th. MDU Resources Group’s dividend payout ratio is presently 67.47%.

Wall Street Analysts Forecast Growth

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

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.