3,307,797 MDU Resources Group, Inc. $MDU Shares Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. lifted its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 1,840.7% during the third quarter, Holdings Channel.com reports. The firm owned 3,487,504 shares of the utilities provider’s stock after acquiring an additional 3,307,797 shares during the period. MDU Resources Group comprises 2.4% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 5th biggest holding. Hennessy Advisors Inc.’s holdings in MDU Resources Group were worth $64,658,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Arkadios Wealth Advisors raised its position in shares of MDU Resources Group by 1.7% in the first quarter. Arkadios Wealth Advisors now owns 27,316 shares of the utilities provider’s stock worth $566,000 after acquiring an additional 449 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of MDU Resources Group by 40.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 605 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of MDU Resources Group by 0.9% in the 1st quarter. Private Advisor Group LLC now owns 70,442 shares of the utilities provider’s stock valued at $1,460,000 after purchasing an additional 612 shares in the last quarter. BOKF NA raised its holdings in MDU Resources Group by 0.5% in the 3rd quarter. BOKF NA now owns 114,975 shares of the utilities provider’s stock worth $2,132,000 after purchasing an additional 625 shares during the period. Finally, D.A. Davidson & CO. increased its position in shares of MDU Resources Group by 0.9% in the first quarter. D.A. Davidson & CO. now owns 77,537 shares of the utilities provider’s stock valued at $1,607,000 after buying an additional 658 shares in the last quarter. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Stock Performance

MDU Resources Group stock opened at $19.72 on Monday. The firm has a 50 day simple moving average of $19.14 and a 200-day simple moving average of $20.57. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 3.64 and a beta of 0.66. 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, Inc. has a 1-year low of $18.24 and a 1-year high of $22.98.

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, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $375.30 million for the quarter, compared to analyst estimates of $396.56 million. MDU Resources Group had a net margin of 10.75% and a return on equity of 6.89%. The business’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 business posted $0.07 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, analysts expect that MDU Resources Group, Inc. will post 0.98 EPS for the current year.

MDU Resources Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were given a $0.1450 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.14. MDU Resources Group’s payout ratio is currently 61.05%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, October 21st. Wells Fargo & Company assumed coverage on MDU Resources Group in a report on Monday, July 13th. They set an “overweight” rating and a $25.00 target price for the company. Finally, 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 report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.75.

MDU Resources Group Profile

MDU Resources Group, Inc is a regulated energy delivery company headquartered in Bismarck, North Dakota. Through its utility and pipeline businesses, the company provides electric and natural gas services to residential, commercial, industrial and institutional customers.

Montana-Dakota Utilities operates electric generation, transmission and distribution systems, as well as natural gas distribution networks, across parts of North Dakota, South Dakota, Montana and Wyoming. Great Plains Natural Gas provides natural gas service in portions of Minnesota.