MDU Resources Group, Inc. $MDU Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,363,835 shares of the utilities provider’s stock after selling 78,106 shares during the period. Bank of New York Mellon Corp’s holdings in MDU Resources Group were worth $48,979,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new position in shares of MDU Resources Group in the fourth quarter worth $27,000. Geneos Wealth Management Inc. boosted its stake 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 purchasing an additional 800 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of MDU Resources Group by 6,404.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 1,473 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of MDU Resources Group by 13,185.7% during the fourth quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider’s stock worth $36,000 after buying an additional 1,846 shares in the last quarter. Finally, McMillan Office Inc. purchased a new stake in shares of MDU Resources Group during the fourth quarter worth about $40,000. 71.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on MDU. TD Cowen upped their price objective on shares of MDU Resources Group to $22.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Wells Fargo & Company initiated coverage on shares of MDU Resources Group in a research note on Monday, July 13th. They issued an “overweight” rating and a $25.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of MDU Resources Group in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. began coverage on MDU Resources Group in a research report on Thursday, April 16th. They issued a “neutral” rating and a $22.00 price objective for the company. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, MDU Resources Group currently has an average rating of “Hold” and an average target price of $22.40.

MDU Resources Group Stock Up 0.5%

Shares of NYSE MDU opened at $21.26 on Friday. The stock has a market capitalization of $4.35 billion, a PE ratio of 23.10, a P/E/G ratio of 3.92 and a beta of 0.67. The company has a quick ratio of 0.75, a current ratio of 0.78 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average of $21.26 and a 200-day moving average of $21.09. MDU Resources Group, Inc. has a 52-week low of $15.76 and a 52-week high of $22.98.

MDU Resources Group (NYSE:MDU) last issued its earnings results on Thursday, May 7th. The utilities provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). MDU Resources Group had a return on equity of 6.82% and a net margin of 10.47%.The firm had revenue of $605.98 million during the quarter, compared to analysts’ expectations of $688.34 million. During the same period last year, the business posted $0.40 earnings per share. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, analysts anticipate that MDU Resources Group, Inc. will post 0.98 EPS for the current year.

MDU Resources Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, June 11th. MDU Resources Group’s dividend payout ratio (DPR) is 60.87%.

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.