Vanguard Group Inc. Reduces Stock Holdings in MDU Resources Group, Inc. $MDU

Vanguard Group Inc. reduced its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,257,468 shares of the utilities provider’s stock after selling 40,798 shares during the period. Vanguard Group Inc. owned about 11.38% of MDU Resources Group worth $414,216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDU. Geode Capital Management LLC grew its stake in MDU Resources Group by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,427,029 shares of the utilities provider’s stock valued at $57,144,000 after purchasing an additional 8,754 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of MDU Resources Group by 19.7% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,790,814 shares of the utilities provider’s stock valued at $46,523,000 after buying an additional 460,180 shares during the last quarter. Norges Bank purchased a new position in shares of MDU Resources Group during the 2nd quarter valued at approximately $40,087,000. Adage Capital Partners GP L.L.C. grew its position in shares of MDU Resources Group by 42.0% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,200,000 shares of the utilities provider’s stock worth $36,674,000 after buying an additional 651,136 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its stake in shares of MDU Resources Group by 0.8% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,577,477 shares of the utilities provider’s stock worth $28,095,000 after buying an additional 11,895 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

MDU Resources Group Stock Up 0.2%

Shares of NYSE:MDU opened at $20.43 on Friday. The company’s fifty day moving average is $20.22 and its two-hundred day moving average is $19.08. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.69 and a current ratio of 0.84. MDU Resources Group, Inc. has a 1-year low of $15.04 and a 1-year high of $21.49. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 3.51 and a beta of 0.75.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $534.00 million during the quarter, compared to analyst estimates of $560.72 million. MDU Resources Group had a net margin of 10.15% and a return on equity of 6.98%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Equities analysts anticipate that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.56 annualized dividend and a dividend yield of 2.7%. MDU Resources Group’s dividend payout ratio (DPR) is 60.22%.

Insider Transactions at MDU Resources Group

In related news, Director Charles M. Kelley acquired 5,000 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was purchased at an average cost of $20.84 per share, for a total transaction of $104,200.00. Following the purchase, the director directly owned 8,031 shares in the company, valued at $167,366.04. This represents a 164.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.94% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MDU shares. Zacks Research raised shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Loop Capital set a $21.00 target price on shares of MDU Resources Group in a research report on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of MDU Resources Group in a research note on Monday, December 29th. Finally, Citigroup reaffirmed a “neutral” rating on shares of MDU Resources Group in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.00.

MDU Resources Group 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.