Public Employees Retirement System of Ohio Increases Stock Holdings in MDU Resources Group, Inc. $MDU

Public Employees Retirement System of Ohio increased its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 52.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 200,471 shares of the utilities provider’s stock after acquiring an additional 69,132 shares during the period. Public Employees Retirement System of Ohio’s holdings in MDU Resources Group were worth $4,154,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MDU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in MDU Resources Group by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 499,908 shares of the utilities provider’s stock valued at $8,453,000 after acquiring an additional 39,978 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of MDU Resources Group during the second quarter worth $370,000. EverSource Wealth Advisors LLC boosted its stake in shares of MDU Resources Group by 56.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 904 shares during the period. Amundi purchased a new position in shares of MDU Resources Group in the second quarter valued at $564,000. Finally, Jump Financial LLC grew its holdings in MDU Resources Group by 355.9% during the 2nd quarter. Jump Financial LLC now owns 178,703 shares of the utilities provider’s stock valued at $2,979,000 after purchasing an additional 139,503 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MDU shares. Wells Fargo & Company initiated 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 target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of MDU Resources Group in a research note on Wednesday, July 8th. TD Cowen lifted their target price on MDU Resources Group to $22.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. assumed coverage on MDU Resources Group in a research report on Thursday, April 16th. They set a “neutral” rating and a $22.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.40.

MDU Resources Group Stock Down 0.2%

MDU stock opened at $19.98 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.75 and a debt-to-equity ratio of 0.82. The firm has a 50 day simple moving average of $21.12 and a 200-day simple moving average of $21.11. The company has a market capitalization of $4.09 billion, a P/E ratio of 21.72, a PEG ratio of 3.70 and a beta of 0.67. MDU Resources Group, Inc. has a twelve month low of $15.76 and a twelve month high of $22.98.

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

MDU Resources Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.56 annualized dividend and a dividend yield of 2.8%. MDU Resources Group’s dividend payout ratio (DPR) is presently 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.