Barrow Hanley Mewhinney & Strauss LLC Purchases 348,762 Shares of MDU Resources Group, Inc. $MDU

Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 4.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,128,208 shares of the utilities provider’s stock after acquiring an additional 348,762 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 4.47% of MDU Resources Group worth $162,573,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its position in shares of MDU Resources Group by 2.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,414 shares of the utilities provider’s stock valued at $408,000 after acquiring an additional 540 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in shares of MDU Resources Group by 5.3% during the 3rd quarter. Koshinski Asset Management Inc. now owns 11,098 shares of the utilities provider’s stock worth $198,000 after purchasing an additional 560 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of MDU Resources Group by 42.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,211 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 663 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of MDU Resources Group by 2.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 26,280 shares of the utilities provider’s stock valued at $468,000 after buying an additional 724 shares during the last quarter. Finally, Boothbay Fund Management LLC grew its stake in shares of MDU Resources Group by 6.5% in the second quarter. Boothbay Fund Management LLC now owns 12,235 shares of the utilities provider’s stock valued at $204,000 after buying an additional 742 shares in the last quarter. 71.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling at MDU Resources Group

In other MDU Resources Group news, Director Charles M. Kelley bought 5,000 shares of MDU Resources Group stock in a transaction on Friday, February 13th. The shares were 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 of the company’s stock, valued at $167,366.04. The trade was a 164.96% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.94% of the company’s stock.

MDU Resources Group Stock Performance

NYSE:MDU opened at $21.02 on Wednesday. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 3.67 and a beta of 0.75. MDU Resources Group, Inc. has a fifty-two week low of $15.04 and a fifty-two week high of $21.49. 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 stock has a fifty day moving average price of $20.44 and a 200-day moving average price of $19.36.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $534.00 million during 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 firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. As a group, equities analysts anticipate that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The company 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 dividend of $0.14 per share. 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 payout ratio is 60.22%.

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.