JPMorgan Chase & Co. Has $9.46 Million Stock Position in MDU Resources Group, Inc. $MDU

JPMorgan Chase & Co. reduced its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 531,218 shares of the utilities provider’s stock after selling 52,218 shares during the period. JPMorgan Chase & Co. owned about 0.26% of MDU Resources Group worth $9,461,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MDU. Salomon & Ludwin LLC acquired a new position in shares of MDU Resources Group in the 3rd quarter valued at about $25,000. Geneos Wealth Management Inc. boosted its holdings in shares of MDU Resources Group by 94.5% during the second quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 800 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of MDU Resources Group by 6,404.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 1,473 shares during the period. GAMMA Investing LLC grew its position in MDU Resources Group by 61.3% during the third quarter. GAMMA Investing LLC now owns 2,192 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 833 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in MDU Resources Group by 42.8% during the third quarter. Hantz Financial Services Inc. now owns 2,211 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 663 shares in the last quarter. 71.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MDU shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of MDU Resources Group in a research report on Monday, December 29th. Loop Capital set a $21.00 price target on shares of MDU Resources Group in a report on Tuesday, February 24th. 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. Finally, Citigroup reiterated a “neutral” rating on shares of MDU Resources Group in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.00.

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 shares were purchased at an average cost of $20.84 per share, with a total value of $104,200.00. Following the completion of the transaction, the director directly owned 8,031 shares of the company’s stock, valued at $167,366.04. This represents a 164.96% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

MDU Resources Group Trading Up 0.1%

NYSE:MDU opened at $20.62 on Monday. The stock’s 50 day moving average price is $20.57 and its 200 day moving average price is $19.75. MDU Resources Group, Inc. has a 52 week low of $15.04 and a 52 week high of $21.49. The company has a market capitalization of $4.21 billion, a P/E ratio of 22.18, a P/E/G ratio of 3.55 and a beta of 0.75. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.78 and a current ratio of 0.84.

MDU Resources Group (NYSE:MDU) last posted its earnings results on Thursday, February 5th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The firm had revenue of $534.00 million during the quarter, compared to analysts’ expectations of $560.72 million. MDU Resources Group had a net margin of 10.15% and a return on equity of 6.98%. The company’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. 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 fiscal 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 paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, March 12th. MDU Resources Group’s payout ratio 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.