American Century Companies Inc. Cuts Stock Holdings in MDU Resources Group, Inc. $MDU

American Century Companies Inc. lessened its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 50.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,261,942 shares of the utilities provider’s stock after selling 1,303,594 shares during the period. American Century Companies Inc. owned about 0.62% of MDU Resources Group worth $22,475,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in MDU Resources Group in the second quarter valued at approximately $40,087,000. River Road Asset Management LLC purchased a new position in shares of MDU Resources Group during the second quarter worth approximately $26,105,000. Jupiter Asset Management Ltd. purchased a new position in MDU Resources Group during the 3rd quarter worth $12,599,000. Adage Capital Partners GP L.L.C. increased its stake in MDU Resources Group by 42.0% in the second 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 period. Finally, Frontier Capital Management Co. LLC boosted 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 period. 71.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MDU Resources Group

In other news, Director Charles M. Kelley purchased 5,000 shares of the company’s stock in a transaction on Friday, February 13th. The stock was bought at an average cost of $20.84 per share, for a total transaction of $104,200.00. Following the completion of the purchase, the director directly owned 8,031 shares of the company’s stock, valued at $167,366.04. The trade was a 164.96% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MDU shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of MDU Resources Group in a research note on Monday, December 29th. Loop Capital set a $21.00 target price on shares of MDU Resources Group in a research note on Tuesday, February 24th. Citigroup restated a “neutral” rating on shares of MDU Resources Group in a research report on Thursday, January 15th. Finally, Zacks Research upgraded MDU Resources Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.00.

MDU Resources Group Stock Up 1.7%

Shares of NYSE MDU opened at $21.33 on Tuesday. The firm’s 50 day moving average price is $20.41 and its 200 day moving average price is $19.33. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.78 and a current ratio of 0.84. The firm has a market cap of $4.36 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 3.61 and a beta of 0.74. MDU Resources Group, Inc. has a 1 year low of $15.04 and a 1 year high of $21.49.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. MDU Resources Group had a return on equity of 6.98% and a net margin of 10.15%.The company had revenue of $534.00 million during the quarter, compared to analysts’ expectations of $560.72 million. During the same quarter in the previous year, the business earned $0.90 EPS. The firm’s revenue was down .3% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. As a group, sell-side analysts anticipate that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, March 12th. This represents a $0.56 dividend on an annualized basis and a yield of 2.6%. MDU Resources Group’s dividend payout ratio (DPR) is presently 60.22%.

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.