Bayforest Capital Ltd Sells 28,986 Shares of MDU Resources Group, Inc. $MDU

Bayforest Capital Ltd lessened its position in MDU Resources Group, Inc. (NYSE:MDU) by 61.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 17,838 shares of the utilities provider’s stock after selling 28,986 shares during the period. Bayforest Capital Ltd’s holdings in MDU Resources Group were worth $318,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MDU. Salomon & Ludwin LLC bought a new position in MDU Resources Group during the 3rd quarter valued at about $25,000. Hantz Financial Services Inc. purchased a new position in shares of MDU Resources Group during the second quarter valued at approximately $26,000. Geneos Wealth Management Inc. boosted its position in shares of MDU Resources Group by 94.5% during the second quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider’s stock valued at $27,000 after buying an additional 800 shares during the period. Country Trust Bank bought a new position in shares of MDU Resources Group during the second quarter valued at approximately $33,000. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of MDU Resources Group in the second quarter worth approximately $39,000. 71.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MDU shares. Jefferies Financial Group boosted their price objective on MDU Resources Group to $22.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. TD Cowen began coverage on MDU Resources Group in a research report on Thursday, October 16th. They set a “hold” rating and a $20.00 target price for the company. Weiss Ratings restated a “hold (c-)” rating on shares of MDU Resources Group in a report on Monday, December 29th. Zacks Research raised shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. Finally, Cowen began coverage on shares of MDU Resources Group in a report on Wednesday, October 15th. They set a “hold” rating for the company. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, MDU Resources Group currently has an average rating of “Hold” and a consensus target price of $21.00.

MDU Resources Group Stock Performance

Shares of MDU stock opened at $20.20 on Tuesday. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.71 and a beta of 0.75. MDU Resources Group, Inc. has a 52-week low of $15.04 and a 52-week high of $21.49. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. The company’s 50 day moving average is $20.09 and its 200 day moving average is $18.27.

MDU Resources Group (NYSE:MDU) last released its quarterly 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 net margin of 9.02% and a return on equity of 6.81%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business earned $0.32 earnings per share. 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 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Thursday, December 11th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, December 11th. This represents a $0.56 dividend on an annualized basis and a yield of 2.8%. MDU Resources Group’s dividend payout ratio is presently 67.47%.

MDU Resources Group Company 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.