Comerica Bank Raises Stock Position in MDU Resources Group, Inc. $MDU

Comerica Bank raised its stake in shares of MDU Resources Group, Inc. (NYSE:MDU) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 243,107 shares of the utilities provider’s stock after acquiring an additional 44,316 shares during the period. Comerica Bank’s holdings in MDU Resources Group were worth $4,745,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MDU. Earnest Partners LLC acquired a new stake in shares of MDU Resources Group during the third quarter valued at about $22,762,000. Perpetual Ltd acquired a new stake in shares of MDU Resources Group during the fourth quarter valued at about $22,031,000. Natixis Advisors LLC increased its position in shares of MDU Resources Group by 1,712.5% during the third quarter. Natixis Advisors LLC now owns 1,036,996 shares of the utilities provider’s stock valued at $18,469,000 after acquiring an additional 979,783 shares during the last quarter. Sei Investments Co. increased its position in shares of MDU Resources Group by 853.2% during the third quarter. Sei Investments Co. now owns 1,038,077 shares of the utilities provider’s stock valued at $18,488,000 after acquiring an additional 929,169 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in shares of MDU Resources Group by 317.2% during the third quarter. Citadel Advisors LLC now owns 1,178,299 shares of the utilities provider’s stock valued at $20,986,000 after acquiring an additional 895,853 shares during the last quarter. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Trading Up 0.3%

Shares of MDU stock opened at $22.61 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 stock has a market capitalization of $4.63 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 4.15 and a beta of 0.70. The company has a 50 day moving average price of $21.13 and a 200 day moving average price of $20.46. MDU Resources Group, Inc. has a fifty-two week low of $15.76 and a fifty-two week high of $22.75.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. The firm had revenue of $534.00 million during the quarter, compared to analysts’ expectations of $560.72 million. MDU Resources Group had a net margin of 10.15% and a return on equity of 6.98%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Equities research analysts predict that MDU Resources Group, Inc. will post 0.98 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Thursday, March 12th were issued a $0.14 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.5%. MDU Resources Group’s payout ratio is 60.22%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MDU shares. JPMorgan Chase & Co. started coverage on shares of MDU Resources Group in a research report on Thursday, April 16th. They set a “neutral” rating and a $22.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of MDU Resources Group in a research report on Friday, April 10th. Loop Capital set a $21.00 price target on shares of MDU Resources Group in a research report on Tuesday, February 24th. Finally, Citigroup reiterated a “neutral” rating on shares of MDU Resources Group in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, MDU Resources Group currently has a consensus rating of “Hold” and an average target price of $21.25.

Insider Buying and Selling at MDU Resources Group

In other MDU Resources Group news, Director Charles M. Kelley acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was purchased at an average price of $20.84 per share, for a total transaction of $104,200.00. Following the completion of the acquisition, the director owned 8,031 shares of the company’s stock, valued at approximately $167,366.04. This trade represents a 164.96% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

MDU Resources Group 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.