Hsbc Holdings PLC Invests $1.12 Million in MDU Resources Group, Inc. $MDU

Hsbc Holdings PLC acquired a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 52,461 shares of the utilities provider’s stock, valued at approximately $1,120,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its holdings in 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 acquiring an additional 800 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of MDU Resources Group by 6,404.3% during the 3rd 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 period. Global Retirement Partners LLC lifted its holdings in shares of MDU Resources Group by 13,185.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 1,846 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of MDU Resources Group in the 2nd quarter worth approximately $39,000. Finally, McMillan Office Inc. acquired a new position in MDU Resources Group during the 4th quarter valued at approximately $40,000. 71.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

MDU Resources Group Price Performance

NYSE MDU opened at $19.96 on Tuesday. MDU Resources Group, Inc. has a 12 month low of $15.76 and a 12 month high of $22.98. The firm has a market capitalization of $4.09 billion, a PE ratio of 21.01, a P/E/G ratio of 3.65 and a beta of 0.67. The company’s 50 day simple moving average is $20.67 and its 200 day simple moving average is $21.08. 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 released its earnings results on Thursday, August 6th. The utilities provider reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $375.30 million during the quarter, compared to the consensus estimate of $396.56 million. MDU Resources Group had a return on equity of 6.89% and a net margin of 10.75%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. As a group, equities research analysts forecast that MDU Resources Group, Inc. will post 0.98 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

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

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.