57,891 MDU Resources Group, Inc. $MDU Shares Acquired by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY increased its position in shares of MDU Resources Group, Inc. (NYSE:MDU) by 77.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,929 shares of the utilities provider’s stock after buying an additional 57,891 shares during the period. Miller Howard Investments Inc. NY owned about 0.06% of MDU Resources Group worth $2,465,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC lifted its stake in MDU Resources Group by 315.6% in the third quarter. Elevation Wealth Partners LLC now owns 1,683 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 1,278 shares during the last quarter. Trust Co. of Vermont purchased a new stake in shares of MDU Resources Group in the 2nd quarter valued at approximately $39,000. Allworth Financial LP acquired a new stake in shares of MDU Resources Group in the 2nd quarter valued at $43,000. Rockefeller Capital Management L.P. raised its holdings in shares of MDU Resources Group by 40.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 605 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of MDU Resources Group in the 2nd quarter valued at $55,000. Institutional investors and hedge funds own 71.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on MDU. JPMorgan Chase & Co. raised shares of MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 price objective for the company in a research report on Thursday, August 6th. Weiss Ratings lowered MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, October 21st. Finally, Wells Fargo & Company assumed coverage on MDU Resources Group in a report on Monday, July 13th. They set an “overweight” rating and a $25.00 price target for the company. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $23.75.

MDU Resources Group Stock Performance

Shares of MDU Resources Group stock opened at $19.41 on Tuesday. The firm has a market capitalization of $3.97 billion, a P/E ratio of 20.44, a P/E/G ratio of 3.55 and a beta of 0.66. MDU Resources Group, Inc. has a 52 week low of $18.24 and a 52 week high of $22.98. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.88. The firm’s 50 day moving average is $19.23 and its two-hundred day moving average is $20.58.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $375.30 million for the quarter, compared to analysts’ expectations of $396.56 million. MDU Resources Group had a net margin of 10.75% and a return on equity of 6.89%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Research analysts forecast that MDU Resources Group, Inc. will post 0.98 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were given a $0.1450 dividend. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 3.0%. MDU Resources Group’s payout ratio is 61.05%.

About MDU Resources Group

MDU Resources Group, Inc is a regulated energy delivery company headquartered in Bismarck, North Dakota. Through its utility and pipeline businesses, the company provides electric and natural gas services to residential, commercial, industrial and institutional customers.

Montana-Dakota Utilities operates electric generation, transmission and distribution systems, as well as natural gas distribution networks, across parts of North Dakota, South Dakota, Montana and Wyoming. Great Plains Natural Gas provides natural gas service in portions of Minnesota.