Citigroup Inc. Purchases 48,006 Shares of MDU Resources Group, Inc. $MDU

Citigroup Inc. boosted its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 36.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,904 shares of the utilities provider’s stock after acquiring an additional 48,006 shares during the period. Citigroup Inc. owned about 0.09% of MDU Resources Group worth $3,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in shares of MDU Resources Group during the third quarter valued at approximately $25,000. Hantz Financial Services Inc. bought a new position in MDU Resources Group in the second quarter worth approximately $26,000. Geneos Wealth Management Inc. lifted its holdings in MDU Resources Group by 94.5% during the second quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider’s stock worth $27,000 after buying an additional 800 shares during the period. Country Trust Bank bought a new stake in MDU Resources Group during the 2nd quarter valued at $33,000. Finally, GAMMA Investing LLC boosted its position in MDU Resources Group by 61.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,192 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 833 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Insider Activity

In other news, Director Charles M. Kelley bought 5,000 shares of MDU Resources Group stock in a transaction that occurred on Friday, February 13th. The stock was bought at an average price of $20.84 per share, for a total transaction of $104,200.00. Following the purchase, the director directly owned 8,031 shares of the company’s stock, valued at approximately $167,366.04. The trade was a 164.96% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.94% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on MDU. Citigroup reissued a “neutral” rating on shares of MDU Resources Group in a research report on Thursday, January 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of MDU Resources Group in a report on Monday, December 29th. Loop Capital set a $21.00 price target on shares of MDU Resources Group in a report on Tuesday, February 24th. Finally, Zacks Research raised shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $21.00.

MDU Resources Group Price Performance

Shares of NYSE MDU opened at $21.30 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.78 and a current ratio of 0.84. The company has a market cap of $4.35 billion, a PE ratio of 22.90, a P/E/G ratio of 3.59 and a beta of 0.75. The business has a 50-day simple moving average of $20.36 and a two-hundred day simple moving average of $19.22. MDU Resources Group, Inc. has a fifty-two week low of $15.04 and a fifty-two week high of $21.49.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $534.00 million for the quarter, compared to the consensus estimate of $560.72 million. MDU Resources Group had a net margin of 10.15% and a return on equity of 6.98%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. As a group, equities analysts expect that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.6%. MDU Resources Group’s payout ratio is 60.22%.

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.