River Road Asset Management LLC Sells 582,940 Shares of MDU Resources Group, Inc. $MDU

River Road Asset Management LLC cut its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 11.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,707,042 shares of the utilities provider’s stock after selling 582,940 shares during the quarter. River Road Asset Management LLC’s holdings in MDU Resources Group were worth $91,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GoalVest Advisory LLC bought a new stake in MDU Resources Group in the fourth quarter valued at approximately $26,000. Flagship Harbor Advisors LLC bought a new position in shares of MDU Resources Group in the fourth quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of MDU Resources Group by 6,404.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 1,473 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of MDU Resources Group by 94.5% in the second quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider’s stock worth $27,000 after buying an additional 800 shares during the period. Finally, Global Retirement Partners LLC increased its stake in shares of MDU Resources Group by 13,185.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider’s stock worth $36,000 after buying an additional 1,846 shares during the period. 71.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

MDU Resources Group Price Performance

MDU opened at $21.27 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 0.78. MDU Resources Group, Inc. has a 52-week low of $15.76 and a 52-week high of $22.98. The stock has a market capitalization of $4.35 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 3.87 and a beta of 0.66. The stock’s 50 day moving average price is $21.79 and its 200-day moving average price is $20.83.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Thursday, May 7th. The utilities provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). MDU Resources Group had a net margin of 10.47% and a return on equity of 6.82%. The business had revenue of $605.98 million for the quarter, compared to the consensus estimate of $688.34 million. During the same quarter in the prior year, the company earned $0.40 EPS. MDU Resources Group’s revenue was down 10.2% compared to the same quarter last year. 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 year.

MDU Resources Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders 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 yield of 2.6%. MDU Resources Group’s dividend payout ratio is 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.