Bessemer Group Inc. Raises Stock Holdings in MDU Resources Group, Inc. $MDU

Bessemer Group Inc. lifted its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 47.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 285,186 shares of the utilities provider’s stock after acquiring an additional 91,140 shares during the period. Bessemer Group Inc.’s holdings in MDU Resources Group were worth $5,909,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

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

MDU Resources Group Stock Down 1.4%

Shares of MDU Resources Group stock opened at $20.85 on Tuesday. The business has a 50-day moving average of $21.37 and a 200-day moving average of $21.06. 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 has a market capitalization of $4.27 billion, a PE ratio of 22.66, a P/E/G ratio of 3.91 and a beta of 0.67. MDU Resources Group, Inc. has a 1-year low of $15.76 and a 1-year high of $22.98.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). MDU Resources Group had a return on equity of 6.82% and a net margin of 10.47%.The business had revenue of $605.98 million during the quarter, compared to analyst estimates of $688.34 million. During the same quarter last year, the firm posted $0.40 EPS. The company’s revenue 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 forecast that MDU Resources Group, Inc. will post 0.98 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.56 annualized dividend and a yield of 2.7%. MDU Resources Group’s payout ratio is currently 60.87%.

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.