Dimensional Fund Advisors LP Increases Holdings in MDU Resources Group, Inc. $MDU

Dimensional Fund Advisors LP boosted its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 2.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 10,285,747 shares of the utilities provider’s stock after purchasing an additional 253,950 shares during the quarter. Dimensional Fund Advisors LP owned 0.05% of MDU Resources Group worth $213,120,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Smith Moore & CO. grew its holdings in shares of MDU Resources Group by 4.3% in the fourth quarter. Smith Moore & CO. now owns 12,855 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 535 shares during the period. GAMMA Investing LLC raised its stake in MDU Resources Group by 25.4% during the fourth quarter. GAMMA Investing LLC now owns 2,748 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 556 shares during the period. Arkadios Wealth Advisors boosted its holdings in MDU Resources Group by 2.2% in the 4th quarter. Arkadios Wealth Advisors now owns 26,867 shares of the utilities provider’s stock valued at $524,000 after purchasing an additional 587 shares during the last quarter. DMKC Advisory Services LLC boosted its holdings in MDU Resources Group by 4.2% in the 4th quarter. DMKC Advisory Services LLC now owns 15,048 shares of the utilities provider’s stock valued at $294,000 after purchasing an additional 600 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of MDU Resources Group by 40.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the utilities provider’s stock worth $41,000 after buying an additional 605 shares during the last quarter. 71.44% of the stock is owned by institutional investors and hedge funds.

MDU Resources Group Stock Performance

Shares of MDU stock opened at $21.26 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. The firm has a market cap of $4.35 billion, a P/E ratio of 23.10, a P/E/G ratio of 3.92 and a beta of 0.67. The firm’s 50 day moving average price is $21.26 and its 200-day moving average price is $21.09. MDU Resources Group, Inc. has a one year low of $15.76 and a one year high of $22.98.

MDU Resources Group (NYSE:MDU) last posted its earnings results on Thursday, May 7th. The utilities provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The company had revenue of $605.98 million during the quarter, compared to analyst estimates of $688.34 million. MDU Resources Group had a net margin of 10.47% and a return on equity of 6.82%. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. As a group, equities research analysts predict that MDU Resources Group, Inc. will post 0.98 EPS for the current year.

MDU Resources Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Thursday, June 11th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, June 11th. MDU Resources Group’s dividend payout ratio (DPR) is 60.87%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MDU. JPMorgan Chase & Co. assumed coverage on MDU Resources Group in a report on Thursday, April 16th. They issued a “neutral” rating and a $22.00 price objective on the stock. Wells Fargo & Company started coverage on MDU Resources Group in a research report on Monday, July 13th. They issued an “overweight” rating and a $25.00 target price on the stock. TD Cowen increased their price target on MDU Resources Group to $22.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of MDU Resources Group in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.40.

MDU Resources Group Company 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.