33,324 Shares in MDU Resources Group, Inc. $MDU Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU) during the third quarter, Holdings Channel reports. The fund purchased 33,324 shares of the utilities provider’s stock, valued at approximately $594,000.

Several other institutional investors and hedge funds have also modified their holdings of MDU. Thrivent Financial for Lutherans increased its holdings in shares of MDU Resources Group by 35.4% in the third quarter. Thrivent Financial for Lutherans now owns 685,347 shares of the utilities provider’s stock valued at $12,206,000 after purchasing an additional 179,357 shares during the last quarter. Leuthold Group LLC boosted its holdings in shares of MDU Resources Group by 11.3% during the 2nd quarter. Leuthold Group LLC now owns 202,649 shares of the utilities provider’s stock worth $3,378,000 after buying an additional 20,553 shares during the period. Envestnet Asset Management Inc. grew its stake in MDU Resources Group by 157.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 212,933 shares of the utilities provider’s stock valued at $3,550,000 after buying an additional 130,073 shares during the last quarter. Cascade Investment Advisors Inc. grew its stake in MDU Resources Group by 19.0% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 99,381 shares of the utilities provider’s stock valued at $1,657,000 after buying an additional 15,900 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in MDU Resources Group by 97.3% in the 2nd quarter. Inspire Investing LLC now owns 40,432 shares of the utilities provider’s stock valued at $674,000 after acquiring an additional 19,940 shares during the period. Institutional investors and hedge funds own 71.44% of the company’s stock.

MDU Resources Group Trading Down 1.0%

Shares of MDU Resources Group stock opened at $20.14 on Tuesday. The firm’s 50 day moving average is $20.01 and its 200 day moving average is $18.80. The firm has a market capitalization of $4.12 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 3.54 and a beta of 0.75. MDU Resources Group, Inc. has a 1 year low of $15.04 and a 1 year high of $21.49. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.80.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $534.00 million for the quarter, compared to the consensus estimate of $560.72 million. MDU Resources Group had a return on equity of 7.00% and a net margin of 10.15%.MDU Resources Group’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Equities research analysts forecast that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Thursday, December 11th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, December 11th. MDU Resources Group’s dividend payout ratio is currently 60.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Zacks Research raised MDU Resources Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. TD Cowen initiated coverage on MDU Resources Group in a report on Thursday, October 16th. They issued a “hold” rating and a $20.00 price objective on the stock. Jefferies Financial Group lifted their target price on MDU Resources Group to $22.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Citigroup restated a “neutral” rating on shares of MDU Resources Group in a research note on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of MDU Resources Group in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.00.

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.