Inspire Advisors LLC Has $331,000 Position in MDU Resources Group, Inc. $MDU

Inspire Advisors LLC decreased its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 69.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,573 shares of the utilities provider’s stock after selling 42,891 shares during the period. Inspire Advisors LLC’s holdings in MDU Resources Group were worth $331,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in MDU Resources Group in the second quarter valued at about $40,087,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in MDU Resources Group during the 2nd quarter worth approximately $26,098,000. River Road Asset Management LLC acquired a new position in MDU Resources Group during the 2nd quarter worth approximately $26,105,000. Adage Capital Partners GP L.L.C. lifted its stake in MDU Resources Group by 42.0% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,200,000 shares of the utilities provider’s stock valued at $36,674,000 after purchasing an additional 651,136 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its stake in shares of MDU Resources Group by 19.7% during the second quarter. Frontier Capital Management Co. LLC now owns 2,790,814 shares of the utilities provider’s stock worth $46,523,000 after buying an additional 460,180 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MDU. Zacks Research upgraded MDU Resources Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. Cowen assumed coverage on MDU Resources Group in a research report on Wednesday, October 15th. They issued a “hold” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of MDU Resources Group in a research note on Thursday, January 15th. TD Cowen began coverage on shares of MDU Resources Group in a report on Thursday, October 16th. They issued a “hold” rating and a $20.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of MDU Resources Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.00.

MDU Resources Group Price Performance

Shares of MDU opened at $20.52 on Wednesday. The business’s fifty day moving average is $20.08 and its 200 day moving average is $18.43. MDU Resources Group, Inc. has a 12-month low of $15.04 and a 12-month 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 stock has a market cap of $4.19 billion, a P/E ratio of 24.72, a P/E/G ratio of 2.76 and a beta of 0.75.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.09 earnings per share for the quarter, topping 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%. During the same quarter in the prior year, the business earned $0.32 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. MDU Resources Group has set its FY 2025 guidance at 0.900-0.950 EPS. Sell-side analysts anticipate that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Thursday, December 11th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, December 11th. 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.