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

Bleakley Financial Group LLC increased its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 34.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,419 shares of the utilities provider’s stock after purchasing an additional 37,824 shares during the period. Bleakley Financial Group LLC owned approximately 0.07% of MDU Resources Group worth $3,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDU. Earnest Partners LLC boosted its position in 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 worth $194,150,000 after purchasing an additional 8,668,137 shares in the last quarter. First Trust Advisors LP increased its stake in shares of MDU Resources Group by 2,442.7% in the 4th quarter. First Trust Advisors LP now owns 4,436,521 shares of the utilities provider’s stock valued at $86,601,000 after purchasing an additional 4,262,042 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in 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 worth $251,709,000 after purchasing an additional 3,766,737 shares during the period. Norges Bank acquired a new position in MDU Resources Group in the 4th quarter worth about $59,617,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in MDU Resources Group during the first quarter worth approximately $52,457,000. 71.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MDU shares. JPMorgan Chase & Co. started coverage on MDU Resources Group in a research report on Thursday, April 16th. They issued a “neutral” rating and a $22.00 price objective for the company. Wells Fargo & Company initiated coverage on MDU Resources Group in a research report on Monday. They set an “overweight” rating and a $25.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of MDU Resources Group in a research note on Wednesday, July 8th. Finally, TD Cowen lifted 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. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.40.

MDU Resources Group Price Performance

NYSE:MDU opened at $21.13 on Thursday. MDU Resources Group, Inc. has a one year low of $15.76 and a one year high of $22.98. 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 stock has a market cap of $4.32 billion, a PE ratio of 22.96, a P/E/G ratio of 3.93 and a beta of 0.67. The stock has a 50 day moving average price of $21.47 and a 200 day moving average price of $21.03.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $605.98 million for the quarter, compared to analyst estimates of $688.34 million. During the same period last year, the firm posted $0.40 EPS. The business’s quarterly revenue was down 10.2% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Equities research analysts expect that MDU Resources Group, Inc. will post 0.98 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

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

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.