Clear Creek Financial Management LLC Acquires Shares of 27,346 MDU Resources Group, Inc. $MDU

Clear Creek Financial Management LLC bought a new stake in MDU Resources Group, Inc. (NYSE:MDU) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 27,346 shares of the utilities provider’s stock, valued at approximately $487,000.

A number of other hedge funds have also made changes to their positions in MDU. Norges Bank acquired a new position in MDU Resources Group in the second quarter valued at about $40,087,000. River Road Asset Management LLC acquired a new position in shares of MDU Resources Group in the 2nd quarter worth approximately $26,105,000. Adage Capital Partners GP L.L.C. grew its position in MDU Resources Group by 42.0% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,200,000 shares of the utilities provider’s stock worth $36,674,000 after acquiring an additional 651,136 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in MDU Resources Group by 19.7% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,790,814 shares of the utilities provider’s stock worth $46,523,000 after acquiring an additional 460,180 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in MDU Resources Group by 64.0% during the 2nd quarter. Bank of America Corp DE now owns 1,000,349 shares of the utilities provider’s stock valued at $16,676,000 after purchasing an additional 390,484 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on MDU shares. Zacks Research raised MDU Resources Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of MDU Resources Group in a report on Monday, December 29th. Finally, Citigroup reissued a “neutral” rating on shares of MDU Resources Group in a report on Thursday, January 15th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $21.00.

MDU Resources Group Trading Down 0.1%

MDU stock opened at $20.24 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. MDU Resources Group, Inc. has a twelve month low of $15.04 and a twelve month high of $21.49. The company has a market cap of $4.14 billion, a P/E ratio of 21.76, a PEG ratio of 3.48 and a beta of 0.75. The business has a fifty day moving average of $20.15 and a 200-day moving average of $18.99.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $534.00 million during the quarter, compared to analyst estimates of $560.72 million. MDU Resources Group had a return on equity of 7.00% and a net margin of 10.15%.The company’s revenue was down .3% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. As a group, equities research analysts expect that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, March 12th. MDU Resources Group’s dividend payout ratio is currently 60.22%.

Insider Transactions at MDU Resources Group

In other MDU Resources Group news, Director Charles M. Kelley bought 5,000 shares of the stock in a transaction on Friday, February 13th. The stock was purchased at an average price of $20.84 per share, with a total value of $104,200.00. Following the acquisition, the director owned 8,031 shares of the company’s stock, valued at approximately $167,366.04. The trade was a 164.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.94% of the company’s stock.

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.