Hsbc Holdings PLC Has $175,000 Stake in MDU Resources Group, Inc. $MDU

Hsbc Holdings PLC lowered its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 90.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,376 shares of the utilities provider’s stock after selling 93,155 shares during the period. Hsbc Holdings PLC’s holdings in MDU Resources Group were worth $175,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MDU. Comerica Bank boosted its stake in MDU Resources Group by 45.3% during the 4th quarter. Comerica Bank now owns 110,368 shares of the utilities provider’s stock valued at $1,989,000 after purchasing an additional 34,384 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of MDU Resources Group by 134.0% in the 4th quarter. Ameriprise Financial Inc. now owns 507,793 shares of the utilities provider’s stock worth $9,152,000 after buying an additional 290,756 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of MDU Resources Group by 38.9% in the 4th quarter. BNP Paribas Financial Markets now owns 34,459 shares of the utilities provider’s stock worth $621,000 after buying an additional 9,652 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of MDU Resources Group by 0.8% in the 4th quarter. Bank of America Corp DE now owns 535,928 shares of the utilities provider’s stock worth $9,657,000 after buying an additional 4,461 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of MDU Resources Group by 4.2% in the 4th quarter. Baird Financial Group Inc. now owns 462,988 shares of the utilities provider’s stock worth $8,343,000 after buying an additional 18,754 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Insider Buying and Selling at MDU Resources Group

In other news, CFO Jason L. Vollmer purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $16.27 per share, with a total value of $81,350.00. Following the completion of the acquisition, the chief financial officer owned 339,548 shares in the company, valued at $5,524,445.96. This trade represents a 1.49% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.00.

MDU Resources Group Price Performance

MDU Resources Group stock opened at $16.16 on Friday. MDU Resources Group, Inc. has a 12 month low of $14.91 and a 12 month high of $30.52. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.75. The business’s 50 day simple moving average is $16.70 and its 200 day simple moving average is $16.76. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 2.57 and a beta of 0.70.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). MDU Resources Group had a net margin of 8.25% and a return on equity of 8.29%. The firm had revenue of $351.20 million during the quarter, compared to analysts’ expectations of $315.67 million. During the same quarter in the previous year, the company posted $0.32 EPS. MDU Resources Group’s revenue for the quarter was up 1.9% on a year-over-year basis. MDU Resources Group has set its FY 2025 guidance at 0.880-0.950 EPS. Sell-side analysts forecast that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Thursday, September 11th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 11th. 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 3.5%. MDU Resources Group’s payout ratio is currently 49.06%.

MDU Resources Group 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.