Exchange Traded Concepts LLC Buys 244,733 Shares of MDU Resources Group, Inc. $MDU

Exchange Traded Concepts LLC boosted its stake in MDU Resources Group, Inc. (NYSE:MDU) by 490.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 294,629 shares of the utilities provider’s stock after purchasing an additional 244,733 shares during the quarter. Exchange Traded Concepts LLC owned about 0.14% of MDU Resources Group worth $5,751,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MDU. Norges Bank bought a new position in MDU Resources Group in the second quarter valued at approximately $40,087,000. River Road Asset Management LLC acquired a new position in MDU Resources Group during the second quarter valued at approximately $26,105,000. Earnest Partners LLC bought a new stake in MDU Resources Group during the third quarter worth $22,762,000. Natixis Advisors LLC lifted its stake in MDU Resources Group by 1,712.5% during the third quarter. Natixis Advisors LLC now owns 1,036,996 shares of the utilities provider’s stock worth $18,469,000 after purchasing an additional 979,783 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of MDU Resources Group by 853.2% in the 3rd quarter. Sei Investments Co. now owns 1,038,077 shares of the utilities provider’s stock valued at $18,488,000 after purchasing an additional 929,169 shares in the last quarter. Institutional investors own 71.44% of the company’s stock.

Insider Buying and Selling at MDU Resources Group

In related news, Director Charles M. Kelley acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was acquired at an average cost of $20.84 per share, for a total transaction of $104,200.00. Following the completion of the acquisition, the director directly owned 8,031 shares of the company’s stock, valued at approximately $167,366.04. This trade represents a 164.96% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.94% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MDU. Loop Capital set a $21.00 price target on MDU Resources Group in a research note on Tuesday, February 24th. Weiss Ratings restated a “hold (c-)” rating on shares of MDU Resources Group in a research report on Monday, December 29th. Zacks Research raised MDU Resources Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. Finally, Citigroup reiterated a “neutral” rating on shares of MDU Resources Group in a research 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 stock. According to data from MarketBeat, MDU Resources Group presently has a consensus rating of “Hold” and an average price target of $21.00.

MDU Resources Group Stock Down 0.1%

Shares of NYSE MDU opened at $20.59 on Tuesday. The company has a 50 day simple moving average of $20.56 and a 200 day simple moving average of $19.78. The firm has a market cap of $4.21 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 3.55 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. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.84 and a quick ratio of 0.78.

MDU Resources Group (NYSE:MDU) last posted its earnings results on Thursday, February 5th. The utilities provider reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. MDU Resources Group had a net margin of 10.15% and a return on equity of 6.98%. The firm had revenue of $534.00 million for the quarter, compared to analyst estimates of $560.72 million. During the same period in the previous year, the firm posted $0.90 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, research analysts forecast that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Dividend Announcement

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 paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.56 annualized dividend and a dividend yield of 2.7%. MDU Resources Group’s payout ratio is currently 60.22%.

About MDU Resources Group

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.