Aberdeen Group plc Makes New Investment in MDU Resources Group, Inc. $MDU

Aberdeen Group plc bought a new position in shares of MDU Resources Group, Inc. (NYSE:MDU) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 345,598 shares of the utilities provider’s stock, valued at approximately $6,138,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Public Sector Pension Investment Board raised its holdings in MDU Resources Group by 14.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 796,977 shares of the utilities provider’s stock worth $14,194,000 after purchasing an additional 100,378 shares during the period. Advisors Asset Management Inc. grew its holdings in MDU Resources Group by 5.5% in the third quarter. Advisors Asset Management Inc. now owns 225,410 shares of the utilities provider’s stock valued at $4,015,000 after purchasing an additional 11,725 shares during the period. Bryce Point Capital LLC purchased a new stake in shares of MDU Resources Group in the third quarter valued at approximately $594,000. Envestnet Asset Management Inc. increased its position in shares of MDU Resources Group by 61.3% in the third quarter. Envestnet Asset Management Inc. now owns 343,454 shares of the utilities provider’s stock valued at $6,117,000 after buying an additional 130,521 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of MDU Resources Group by 42.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,211 shares of the utilities provider’s stock worth $39,000 after buying an additional 663 shares during the period. Hedge funds and other institutional investors own 71.44% of the company’s stock.

MDU Resources Group Price Performance

MDU Resources Group stock opened at $20.24 on Friday. The company has a fifty day simple moving average of $20.15 and a 200-day simple moving average of $18.98. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 3.48 and a beta of 0.75. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. MDU Resources Group, Inc. has a 52-week low of $15.04 and a 52-week high of $21.49.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. MDU Resources Group had a net margin of 10.15% and a return on equity of 7.00%. The firm had revenue of $534.00 million for the quarter, compared to the consensus estimate of $560.72 million. During the same period last year, the firm posted $0.90 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, equities analysts anticipate that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be given a $0.14 dividend. The ex-dividend date is Thursday, March 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.8%. MDU Resources Group’s dividend payout ratio is 60.22%.

Insider Activity at MDU Resources Group

In related news, Director Charles M. Kelley acquired 5,000 shares of MDU Resources Group stock in a transaction that occurred on Friday, February 13th. The shares were purchased at an average price of $20.84 per share, for a total transaction of $104,200.00. Following the completion of the transaction, the director owned 8,031 shares in the company, valued at $167,366.04. This represents a 164.96% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.94% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MDU. Weiss Ratings reissued a “hold (c-)” rating on shares of MDU Resources Group in a research note on Monday, December 29th. Citigroup restated a “neutral” rating on shares of MDU Resources Group in a research report on Thursday, January 15th. Finally, Zacks Research upgraded shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.00.

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.