Envestnet Asset Management Inc. Boosts Stake in MDU Resources Group, Inc. $MDU

Envestnet Asset Management Inc. lifted its position in MDU Resources Group, Inc. (NYSE:MDU) by 61.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 343,454 shares of the utilities provider’s stock after purchasing an additional 130,521 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.17% of MDU Resources Group worth $6,117,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new stake in shares of MDU Resources Group in the third quarter valued at approximately $25,000. Hantz Financial Services Inc. purchased a new stake in MDU Resources Group in the 2nd quarter valued at $26,000. Geneos Wealth Management Inc. boosted its stake in MDU Resources Group by 94.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 800 shares during the period. Country Trust Bank purchased a new position in MDU Resources Group during the 2nd quarter worth $33,000. Finally, GHP Investment Advisors Inc. purchased a new position in MDU Resources Group during the 2nd quarter worth $39,000. Institutional investors and hedge funds own 71.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

MDU Resources Group Stock Performance

NYSE MDU opened at $20.24 on Friday. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 3.48 and a beta of 0.75. The business’s 50 day moving average is $20.15 and its two-hundred day moving average is $18.99. MDU Resources Group, Inc. has a 12-month low of $15.04 and a 12-month high of $21.49. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.80.

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. MDU Resources Group had a return on equity of 7.00% and a net margin of 10.15%.The business had revenue of $534.00 million during the quarter, compared to analysts’ expectations of $560.72 million. During the same period last year, the firm earned $0.90 EPS. The company’s quarterly 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. Research analysts expect 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. Stockholders of record on Thursday, March 12th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, March 12th. MDU Resources Group’s dividend payout ratio (DPR) is currently 60.22%.

Insider Activity at MDU Resources Group

In related news, Director Charles M. Kelley acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were purchased at an average price of $20.84 per share, with a total value of $104,200.00. Following the completion of the acquisition, the director owned 8,031 shares in the company, valued at approximately $167,366.04. This represents a 164.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.94% of the stock is owned by company insiders.

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.