Alpine Global Management LLC Acquires New Holdings in MDU Resources Group, Inc. $MDU

Alpine Global Management LLC purchased a new stake in MDU Resources Group, Inc. (NYSE:MDU) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 124,438 shares of the utilities provider’s stock, valued at approximately $2,216,000. Alpine Global Management LLC owned about 0.06% of MDU Resources Group at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Maven Securities LTD boosted its stake in shares of MDU Resources Group by 226.6% during the 3rd quarter. Maven Securities LTD now owns 67,781 shares of the utilities provider’s stock worth $1,207,000 after purchasing an additional 47,026 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of MDU Resources Group by 9.6% during the 3rd quarter. Captrust Financial Advisors now owns 252,731 shares of the utilities provider’s stock valued at $4,501,000 after buying an additional 22,238 shares during the period. Caitong International Asset Management Co. Ltd grew its position in MDU Resources Group by 6,404.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 1,473 shares during the period. Advisory Services Network LLC acquired a new stake in MDU Resources Group during the 3rd quarter worth approximately $142,000. Finally, Hancock Whitney Corp increased its position in shares of MDU Resources Group by 36.5% in the third quarter. Hancock Whitney Corp now owns 26,607 shares of the utilities provider’s stock worth $474,000 after acquiring an additional 7,111 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Insiders Place Their Bets

In related news, Director Charles M. Kelley purchased 5,000 shares of the business’s stock in a transaction 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 purchase, the director owned 8,031 shares in the company, valued at $167,366.04. This represents a 164.96% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.94% of the company’s stock.

MDU Resources Group Trading Down 1.0%

NYSE MDU opened at $20.40 on Wednesday. The company has a market capitalization of $4.17 billion, a PE ratio of 21.93, a P/E/G ratio of 3.55 and a beta of 0.75. The stock has a 50-day simple moving average of $20.55 and a 200 day simple moving average of $19.52. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 0.91. MDU Resources Group, Inc. has a 12 month low of $15.04 and a 12 month high of $21.49.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $534.00 million for the quarter, compared to analyst estimates of $560.72 million. MDU Resources Group had a net margin of 10.15% and a return on equity of 6.98%. MDU Resources Group’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter 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 EPS for the current year.

MDU Resources Group Dividend Announcement

The firm 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. 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%.

Wall Street Analysts Forecast Growth

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

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.