iSAM Funds UK Ltd Takes Position in MDU Resources Group, Inc. $MDU

iSAM Funds UK Ltd bought a new stake in MDU Resources Group, Inc. (NYSE:MDU) during the second quarter, Holdings Channel reports. The institutional investor bought 42,900 shares of the utilities provider’s stock, valued at approximately $910,000.

A number of other hedge funds have also made changes to their positions in MDU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in MDU Resources Group by 8.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 499,908 shares of the utilities provider’s stock valued at $8,453,000 after buying an additional 39,978 shares during the period. Quantbot Technologies LP purchased a new stake in MDU Resources Group in the 2nd quarter worth approximately $370,000. EverSource Wealth Advisors LLC boosted its stake in shares of MDU Resources Group by 56.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the utilities provider’s stock valued at $42,000 after buying an additional 904 shares during the period. Amundi acquired a new stake in shares of MDU Resources Group during the 2nd quarter valued at $564,000. Finally, Jump Financial LLC grew its holdings in shares of MDU Resources Group by 355.9% during the 2nd quarter. Jump Financial LLC now owns 178,703 shares of the utilities provider’s stock valued at $2,979,000 after acquiring an additional 139,503 shares in the last quarter. 71.44% of the stock is owned by hedge funds and other institutional investors.

MDU Resources Group Price Performance

Shares of NYSE:MDU opened at $19.82 on Thursday. The stock has a market capitalization of $4.06 billion, a P/E ratio of 20.86, a P/E/G ratio of 3.69 and a beta of 0.67. The business has a 50-day moving average of $20.60 and a two-hundred day moving average of $21.07. MDU Resources Group, Inc. has a fifty-two week low of $15.76 and a fifty-two week high of $22.98. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.99 and a quick ratio of 0.95.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. MDU Resources Group had a return on equity of 6.89% and a net margin of 10.75%.The business had revenue of $375.30 million for the quarter, compared to analyst estimates of $396.56 million. During the same quarter in the prior year, the firm posted $0.07 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, equities research analysts predict that MDU Resources Group, Inc. will post 0.98 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 2.9%. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, September 10th. MDU Resources Group’s dividend payout ratio is 58.95%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MDU shares. Wells Fargo & Company started coverage on shares of MDU Resources Group in a research note on Monday, July 13th. They issued an “overweight” rating and a $25.00 price target on the stock. JPMorgan Chase & Co. raised MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 price objective for the company in a research report on Thursday, August 6th. TD Cowen boosted their target price on MDU Resources Group to $22.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Finally, Weiss Ratings lowered MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 28th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, MDU Resources Group currently has an average rating of “Hold” and a consensus target price of $23.40.

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.