Exchange Traded Concepts LLC Makes New $889,000 Investment in MDU Resources Group, Inc. $MDU

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in MDU Resources Group during the second quarter worth approximately $40,087,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of MDU Resources Group in the second quarter valued at approximately $26,098,000. River Road Asset Management LLC acquired a new position in shares of MDU Resources Group during the 2nd quarter worth approximately $26,105,000. Adage Capital Partners GP L.L.C. lifted its position in shares of MDU Resources Group by 195.0% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,548,864 shares of the utilities provider’s stock valued at $26,191,000 after buying an additional 1,023,864 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in MDU Resources Group in the 1st quarter valued at $14,636,000. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

MDU Resources Group Stock Performance

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

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data 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 net margin of 9.02% and a return on equity of 6.81%. During the same period in the prior year, the business posted $0.32 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year. MDU Resources Group has set its FY 2025 guidance at 0.900-0.950 EPS. On average, sell-side analysts forecast that MDU Resources Group, Inc. will post 0.94 earnings per share 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 given a dividend of $0.14 per share. The ex-dividend date is 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 (DPR) 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.