Legal & General Group Plc Sells 96,633 Shares of MDU Resources Group, Inc. $MDU

Legal & General Group Plc reduced its stake in MDU Resources Group, Inc. (NYSE:MDU) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 874,579 shares of the utilities provider’s stock after selling 96,633 shares during the period. Legal & General Group Plc owned approximately 0.43% of MDU Resources Group worth $17,072,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Smith Moore & CO. boosted its stake in MDU Resources Group by 4.3% during the fourth quarter. Smith Moore & CO. now owns 12,855 shares of the utilities provider’s stock valued at $251,000 after buying an additional 535 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in MDU Resources Group by 2.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,414 shares of the utilities provider’s stock valued at $408,000 after buying an additional 540 shares during the period. GAMMA Investing LLC boosted its stake in MDU Resources Group by 25.4% during the fourth quarter. GAMMA Investing LLC now owns 2,748 shares of the utilities provider’s stock valued at $54,000 after buying an additional 556 shares during the period. Koshinski Asset Management Inc. boosted its stake in MDU Resources Group by 5.3% during the third quarter. Koshinski Asset Management Inc. now owns 11,098 shares of the utilities provider’s stock valued at $198,000 after buying an additional 560 shares during the period. Finally, DMKC Advisory Services LLC boosted its stake in MDU Resources Group by 4.2% during the fourth quarter. DMKC Advisory Services LLC now owns 15,048 shares of the utilities provider’s stock valued at $294,000 after buying an additional 600 shares during the period. Institutional investors own 71.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of MDU Resources Group in a research note on Friday, April 10th. Loop Capital set a $21.00 price target on MDU Resources Group in a research note on Tuesday, February 24th. TD Cowen increased their price objective on MDU Resources Group to $22.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. initiated coverage on MDU Resources Group in a research report on Thursday, April 16th. They set a “neutral” rating and a $22.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.75.

MDU Resources Group Stock Down 1.5%

MDU opened at $20.76 on Tuesday. The company has a market cap of $4.25 billion, a P/E ratio of 22.56, a P/E/G ratio of 3.90 and a beta of 0.70. The business’s 50-day moving average price is $21.72 and its 200-day moving average price is $20.81. The company has a current ratio of 0.78, a quick ratio of 0.75 and a debt-to-equity ratio of 0.82. MDU Resources Group, Inc. has a 12 month low of $15.76 and a 12 month high of $22.98.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The company had revenue of $605.98 million during the quarter, compared to analysts’ expectations of $688.34 million. MDU Resources Group had a return on equity of 6.82% and a net margin of 10.47%.The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, equities analysts expect that MDU Resources Group, Inc. will post 0.98 EPS for the current year.

MDU Resources Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be issued a $0.14 dividend. The ex-dividend date is Thursday, June 11th. This represents a $0.56 annualized dividend and a dividend yield of 2.7%. MDU Resources Group’s payout ratio is currently 60.87%.

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.