MDU Resources Group, Inc. $MDU Holdings Raised by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in MDU Resources Group, Inc. (NYSE:MDU) by 32.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 647,685 shares of the utilities provider’s stock after purchasing an additional 157,217 shares during the quarter. Victory Capital Management Inc. owned about 0.32% of MDU Resources Group worth $11,535,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased 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 buying an additional 8,754 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in shares of MDU Resources Group by 19.7% in the second quarter. Frontier Capital Management Co. LLC now owns 2,790,814 shares of the utilities provider’s stock valued at $46,523,000 after acquiring an additional 460,180 shares in the last quarter. Norges Bank acquired a new position in shares of MDU Resources Group during the second quarter valued at approximately $40,087,000. Adage Capital Partners GP L.L.C. increased its stake 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 valued at $36,674,000 after acquiring an additional 651,136 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in MDU Resources Group by 0.8% during 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 purchasing an additional 11,895 shares in the last quarter. Institutional investors own 71.44% of the company’s stock.

Insider Buying and Selling at MDU Resources Group

In other news, Director Charles M. Kelley purchased 5,000 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were acquired at an average price of $20.84 per share, for a total transaction of $104,200.00. Following the completion of the acquisition, the director directly owned 8,031 shares of the company’s stock, valued at $167,366.04. The trade was a 164.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.94% of the stock is currently owned by company insiders.

MDU Resources Group Stock Performance

Shares of NYSE MDU opened at $20.98 on Thursday. The stock’s fifty day simple moving average is $20.47 and its 200 day simple moving average is $19.37. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 3.62 and a beta of 0.75. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 0.91. 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 announced its earnings results on Thursday, February 5th. The utilities provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. MDU Resources Group had a return on equity of 6.98% and a net margin of 10.15%.The business had revenue of $534.00 million during the quarter, compared to the consensus estimate of $560.72 million. During the same period in the prior year, the business posted $0.90 earnings per share. MDU Resources Group’s revenue was down .3% 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, sell-side analysts forecast that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed 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 report on Thursday, January 15th. Zacks Research raised MDU Resources Group from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Finally, Loop Capital set a $21.00 price target on shares of MDU Resources Group in a report on Tuesday, February 24th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MDU Resources Group has a consensus 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.