Quantinno Capital Management LP Increases Stock Holdings in MDU Resources Group, Inc. $MDU

Quantinno Capital Management LP increased its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 27.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 652,550 shares of the utilities provider’s stock after acquiring an additional 139,639 shares during the quarter. Quantinno Capital Management LP’s holdings in MDU Resources Group were worth $13,521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Flagship Harbor Advisors LLC bought a new stake in MDU Resources Group during the fourth quarter valued at about $27,000. Geneos Wealth Management Inc. raised its stake in MDU Resources Group by 94.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 800 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in MDU Resources Group by 6,404.3% in 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 in the last quarter. Global Retirement Partners LLC grew its holdings in MDU Resources Group by 13,185.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider’s stock valued at $36,000 after buying an additional 1,846 shares in the last quarter. Finally, McMillan Office Inc. bought a new stake in shares of MDU Resources Group in the fourth quarter worth about $40,000. 71.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MDU has been the subject of several research analyst reports. JPMorgan Chase & Co. started coverage on MDU Resources Group in a report on Thursday, April 16th. They set a “neutral” rating and a $22.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MDU Resources Group in a research note on Wednesday, July 8th. Wells Fargo & Company started coverage on MDU Resources Group in a report on Monday, July 13th. They issued an “overweight” rating and a $25.00 price objective for the company. Finally, TD Cowen lifted their price target on MDU Resources Group to $22.00 and gave the company a “hold” rating in a report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.40.

MDU Resources Group Price Performance

Shares of MDU opened at $20.11 on Tuesday. 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 company’s fifty day moving average price is $21.03 and its 200-day moving average price is $21.11. MDU Resources Group, Inc. has a 1-year low of $15.76 and a 1-year high of $22.98. The firm has a market capitalization of $4.12 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 3.69 and a beta of 0.67.

MDU Resources Group (NYSE:MDU) last issued its quarterly 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). The firm had revenue of $605.98 million for the quarter, compared to analyst estimates of $688.34 million. MDU Resources Group had a return on equity of 6.82% and a net margin of 10.47%.The business’s revenue was down 10.2% compared to the same quarter last year. During the same period 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 research analysts predict that MDU Resources Group, Inc. will post 0.98 EPS for the current year.

MDU Resources Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.56 dividend on an annualized basis and a yield of 2.8%. MDU Resources Group’s dividend payout ratio (DPR) is currently 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.