MDU Resources Group, Inc. $MDU Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in MDU Resources Group, Inc. (NYSE:MDU) by 18.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,602,242 shares of the utilities provider’s stock after selling 359,631 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.78% of MDU Resources Group worth $31,837,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC purchased a new position in shares of MDU Resources Group during the 3rd quarter worth $25,000. GoalVest Advisory LLC purchased a new position in MDU Resources Group during the fourth quarter worth about $26,000. Geneos Wealth Management Inc. raised its stake in 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 MDU Resources Group by 6,404.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 1,473 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in MDU Resources Group by 61.3% in the third quarter. GAMMA Investing LLC now owns 2,192 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 833 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

MDU Resources Group Price Performance

MDU opened at $21.30 on Friday. The stock’s 50-day moving average price is $20.58 and its 200 day moving average price is $19.83. MDU Resources Group, Inc. has a 12-month low of $15.04 and a 12-month high of $21.49. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 3.62 and a beta of 0.70. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 0.91.

MDU Resources Group (NYSE:MDU) last released its earnings results on Thursday, February 5th. The utilities provider reported $0.37 earnings per share 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 the consensus estimate of $560.72 million. During the same period in the previous year, the company posted $0.90 EPS. MDU Resources Group’s revenue 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. As a group, sell-side analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, March 12th. This represents a $0.56 annualized dividend and a yield of 2.6%. MDU Resources Group’s dividend payout ratio is 60.22%.

Insider Transactions at MDU Resources Group

In related news, Director Charles M. Kelley acquired 5,000 shares of the stock in a transaction dated Friday, February 13th. The stock was acquired 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 owned 8,031 shares in the company, valued at $167,366.04. This represents a 164.96% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on MDU. Citigroup reissued a “neutral” rating on shares of MDU Resources Group in a research note on Thursday, January 15th. Loop Capital set a $21.00 target price on shares of MDU Resources Group in a research 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, Weiss Ratings reiterated a “hold (c-)” rating on shares of MDU Resources Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, MDU Resources Group currently has an average rating of “Hold” and an average target price of $21.00.

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.