MDU Resources Group, Inc. $MDU Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC lifted its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 220.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 434,667 shares of the utilities provider’s stock after acquiring an additional 299,167 shares during the quarter. Gabelli Funds LLC owned 0.21% of MDU Resources Group worth $7,246,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MDU. Hantz Financial Services Inc. purchased a new stake in MDU Resources Group in the 2nd quarter valued at approximately $26,000. Country Trust Bank purchased a new stake in shares of MDU Resources Group in the second quarter valued at approximately $33,000. GHP Investment Advisors Inc. purchased a new stake in shares of MDU Resources Group in the second quarter valued at approximately $39,000. EverSource Wealth Advisors LLC grew its holdings in MDU Resources Group by 56.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 904 shares during the period. Finally, Hilltop National Bank purchased a new position in MDU Resources Group in the second quarter worth $43,000. 71.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MDU shares. 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. TD Cowen initiated coverage on shares of MDU Resources Group in a research report on Thursday, October 16th. They set a “hold” rating and a $20.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MDU Resources Group in a report on Monday. Jefferies Financial Group boosted their price target on MDU Resources Group to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Cowen initiated coverage on MDU Resources Group in a report on Wednesday, October 15th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, MDU Resources Group currently has an average rating of “Hold” and an average target price of $21.00.

MDU Resources Group Trading Up 0.3%

Shares of MDU opened at $19.41 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.69. MDU Resources Group, Inc. has a 1-year low of $15.04 and a 1-year high of $21.49. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 2.77 and a beta of 0.75. The firm has a 50 day simple moving average of $19.76 and a 200-day simple moving average of $17.76.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Thursday, November 6th. The utilities provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates 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 company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 EPS. MDU Resources Group has set its FY 2025 guidance at 0.900-0.950 EPS. Equities analysts forecast that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.9%. MDU Resources Group’s dividend payout ratio (DPR) is presently 67.47%.

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.