MDU Resources Group, Inc. $MDU Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 34.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 146,419 shares of the utilities provider’s stock after buying an additional 37,824 shares during the period. Bleakley Financial Group LLC’s holdings in MDU Resources Group were worth $3,034,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MDU. Vanguard Group Inc. grew its position in shares of MDU Resources Group by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 23,828,483 shares of the utilities provider’s stock worth $465,132,000 after buying an additional 571,015 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of MDU Resources Group by 41.3% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,894,945 shares of the utilities provider’s stock valued at $251,709,000 after purchasing an additional 3,766,737 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of MDU Resources Group by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,031,797 shares of the utilities provider’s stock valued at $195,824,000 after purchasing an additional 267,700 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of MDU Resources Group by 678.2% in the 4th quarter. Earnest Partners LLC now owns 9,946,196 shares of the utilities provider’s stock valued at $194,150,000 after purchasing an additional 8,668,137 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of MDU Resources Group by 4.1% in the 4th quarter. State Street Corp now owns 7,121,385 shares of the utilities provider’s stock valued at $139,991,000 after purchasing an additional 281,025 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

MDU Resources Group Price Performance

MDU stock opened at $21.13 on Thursday. The company has a market capitalization of $4.32 billion, a P/E ratio of 22.96, a PEG ratio of 3.93 and a beta of 0.67. MDU Resources Group, Inc. has a twelve month low of $15.76 and a twelve month high of $22.98. The business has a 50 day simple moving average of $21.47 and a 200-day simple moving average of $21.03. 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 (NYSE:MDU) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $688.34 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that MDU Resources Group, Inc. will post 0.98 EPS for the current year.

MDU Resources Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Thursday, June 11th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, June 11th. MDU Resources Group’s dividend payout ratio (DPR) is 60.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MDU shares. 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 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MDU Resources Group in a report on Wednesday, July 8th. 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 note on Friday, May 15th. Finally, Wells Fargo & Company initiated coverage on shares of MDU Resources Group in a report on Monday. They set an “overweight” rating and a $25.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, MDU Resources Group currently has a consensus rating of “Hold” and a consensus target price of $22.40.

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.