Wellington Management Group LLP Buys 29,599 Shares of MDU Resources Group, Inc. $MDU

Wellington Management Group LLP grew its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 45.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,397 shares of the utilities provider’s stock after purchasing an additional 29,599 shares during the period. Wellington Management Group LLP’s holdings in MDU Resources Group were worth $2,002,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Caitlin John LLC purchased a new stake in MDU Resources Group in the second quarter worth about $212,000. Public Employees Retirement System of Ohio bought a new position in shares of MDU Resources Group in the 2nd quarter worth approximately $4,235,000. Corient Private Wealth LP purchased a new position in shares of MDU Resources Group in the 2nd quarter valued at approximately $1,416,000. Ausdal Financial Partners Inc. purchased a new position in shares of MDU Resources Group in the 2nd quarter valued at approximately $304,000. Finally, Bank of America Corp DE bought a new stake in shares of MDU Resources Group during the second quarter valued at approximately $129,159,000. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MDU. JPMorgan Chase & Co. upgraded MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 price objective for the company in a report on Thursday, August 6th. Wells Fargo & Company started coverage on shares of MDU Resources Group in a research note on Monday, July 13th. They set an “overweight” rating and a $25.00 price objective on the stock. Weiss Ratings downgraded shares of MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, August 28th. Finally, TD Cowen boosted their price target on MDU Resources Group to $22.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.40.

MDU Resources Group Price Performance

MDU opened at $19.23 on Friday. The firm has a market cap of $3.94 billion, a PE ratio of 20.24, a P/E/G ratio of 3.62 and a beta of 0.67. The stock has a 50-day moving average price of $20.40 and a 200-day moving average price of $21.03. MDU Resources Group, Inc. has a 1 year low of $15.76 and a 1 year high of $22.98. 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 announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $375.30 million for the quarter, compared to the consensus estimate of $396.56 million. MDU Resources Group had a net margin of 10.75% and a return on equity of 6.89%. MDU Resources Group’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Sell-side analysts predict that MDU Resources Group, Inc. will post 0.98 earnings per share for the current fiscal year.

MDU Resources Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.145 dividend. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, September 10th. MDU Resources Group’s payout ratio is currently 58.95%.

About MDU Resources Group

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.