Thrivent Financial for Lutherans Increases Stock Position in MDU Resources Group, Inc. $MDU

Thrivent Financial for Lutherans grew its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 16.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 797,596 shares of the utilities provider’s stock after purchasing an additional 112,249 shares during the period. Thrivent Financial for Lutherans owned approximately 0.39% of MDU Resources Group worth $15,569,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MDU. Oregon Public Employees Retirement Fund boosted its stake in shares of MDU Resources Group by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 46,785 shares of the utilities provider’s stock valued at $913,000 after buying an additional 710 shares in the last quarter. NewEdge Wealth LLC acquired a new stake in MDU Resources Group in the fourth quarter valued at $195,000. Crestwood Advisors Group LLC purchased a new stake in shares of MDU Resources Group during the 4th quarter worth $243,000. Sequoia Financial Advisors LLC grew its stake in shares of MDU Resources Group by 51.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 24,183 shares of the utilities provider’s stock worth $472,000 after purchasing an additional 8,200 shares during the period. Finally, Praxis Investment Management Inc. increased its holdings in shares of MDU Resources Group by 57.0% in the 4th quarter. Praxis Investment Management Inc. now owns 18,225 shares of the utilities provider’s stock valued at $356,000 after purchasing an additional 6,615 shares in the last quarter. 71.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MDU. Weiss Ratings reissued a “hold (c)” rating on shares of MDU Resources Group in a report on Friday, April 10th. Loop Capital set a $21.00 price target on MDU Resources Group in a report on Tuesday, February 24th. JPMorgan Chase & Co. assumed coverage on MDU Resources Group in a research note on Thursday, April 16th. They issued a “neutral” rating and a $22.00 price objective for the company. Finally, TD Cowen boosted their target price on MDU Resources Group to $22.00 and gave the stock a “hold” rating in a research report on Friday. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, MDU Resources Group has a consensus rating of “Hold” and a consensus price target of $21.75.

MDU Resources Group Stock Up 1.6%

Shares of NYSE MDU opened at $22.49 on Tuesday. MDU Resources Group, Inc. has a 12-month low of $15.76 and a 12-month high of $22.98. The company has a market capitalization of $4.60 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 4.08 and a beta of 0.70. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.78 and a quick ratio of 0.75. The firm’s 50-day moving average is $21.52 and its two-hundred day moving average is $20.69.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). MDU Resources Group had a return on equity of 6.82% and a net margin of 10.47%.The business had revenue of $605.98 million for the quarter, compared to analysts’ expectations of $688.34 million. During the same period last year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Equities analysts anticipate that MDU Resources Group, Inc. will post 0.98 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.56 annualized dividend and a yield of 2.5%. MDU Resources Group’s dividend payout ratio (DPR) is presently 60.87%.

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.