Aberdeen Group plc Invests $6.14 Million in MDU Resources Group, Inc. $MDU

Aberdeen Group plc bought a new position in shares of MDU Resources Group, Inc. (NYSE:MDU) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 345,598 shares of the utilities provider’s stock, valued at approximately $6,138,000. Aberdeen Group plc owned about 0.17% of MDU Resources Group at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MDU. Thrivent Financial for Lutherans increased its holdings in shares of MDU Resources Group by 35.4% during the third quarter. Thrivent Financial for Lutherans now owns 685,347 shares of the utilities provider’s stock valued at $12,206,000 after acquiring an additional 179,357 shares in the last quarter. Leuthold Group LLC boosted its stake in MDU Resources Group by 11.3% in the 2nd quarter. Leuthold Group LLC now owns 202,649 shares of the utilities provider’s stock worth $3,378,000 after purchasing an additional 20,553 shares in the last quarter. Envestnet Asset Management Inc. grew its position in MDU Resources Group by 157.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 212,933 shares of the utilities provider’s stock worth $3,550,000 after purchasing an additional 130,073 shares during the last quarter. PAX Financial Group LLC acquired a new position in MDU Resources Group during the 2nd quarter valued at approximately $260,000. Finally, River Road Asset Management LLC acquired a new position in MDU Resources Group during the 2nd quarter valued at approximately $26,105,000. 71.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup reiterated a “neutral” rating on shares of MDU Resources Group in a research note on Thursday, January 15th. Zacks Research upgraded MDU Resources Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of MDU Resources Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.00.

MDU Resources Group Trading Down 0.1%

NYSE MDU opened at $20.24 on Friday. MDU Resources Group, Inc. has a 1 year low of $15.04 and a 1 year high of $21.49. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.69. The company has a market capitalization of $4.14 billion, a PE ratio of 21.76, a P/E/G ratio of 3.48 and a beta of 0.75. The company has a fifty day moving average of $20.15 and a 200 day moving average of $18.98.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $534.00 million for the quarter, compared to the consensus estimate of $560.72 million. MDU Resources Group had a return on equity of 7.00% and a net margin of 10.15%.The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm earned $0.90 EPS. 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 0.94 earnings per share for the current year.

MDU Resources Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, March 12th. MDU Resources Group’s dividend payout ratio is currently 60.22%.

Insider Activity at MDU Resources Group

In other news, Director Charles M. Kelley bought 5,000 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was purchased at an average cost of $20.84 per share, with a total value of $104,200.00. Following the acquisition, the director directly owned 8,031 shares in the company, valued at $167,366.04. This trade represents a 164.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.94% of the stock is owned by insiders.

About MDU Resources Group

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.