57,891 MDU Resources Group, Inc. $MDU Shares Acquired by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY increased its position in MDU Resources Group, Inc. (NYSE:MDU) by 77.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 132,929 shares of the utilities provider’s stock after purchasing an additional 57,891 shares during the period. Miller Howard Investments Inc. NY’s holdings in MDU Resources Group were worth $2,465,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in MDU Resources Group during the 2nd quarter worth approximately $580,127,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in MDU Resources Group in the second quarter valued at approximately $276,933,000. Dimensional Fund Advisors LP lifted its stake in MDU Resources Group by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 10,285,747 shares of the utilities provider’s stock valued at $213,120,000 after buying an additional 253,950 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of MDU Resources Group in the second quarter valued at approximately $129,159,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of MDU Resources Group in the second quarter valued at approximately $49,435,000. 71.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MDU. Wells Fargo & Company started coverage on shares of MDU Resources Group in a research report on Monday, July 13th. They set an “overweight” rating and a $25.00 target price on the stock. Weiss Ratings cut shares of MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, October 21st. Finally, JPMorgan Chase & Co. upgraded shares of MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 price target for the company in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $23.75.

MDU Resources Group Price Performance

Shares of MDU opened at $19.41 on Tuesday. MDU Resources Group, Inc. has a fifty-two week low of $18.24 and a fifty-two week high of $22.98. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 3.55 and a beta of 0.66. The firm has a 50-day simple moving average of $19.23 and a 200-day simple moving average of $20.58. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.95 and a current ratio of 0.99.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. MDU Resources Group had a return on equity of 6.89% and a net margin of 10.75%. The firm had revenue of $375.30 million for the quarter, compared to analyst estimates of $396.56 million. During the same quarter last year, the company posted $0.07 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, equities research analysts anticipate that MDU Resources Group, Inc. will post 0.98 earnings per share for the current year.

MDU Resources Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were paid a dividend of $0.1450 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.58 annualized dividend and a yield of 3.0%. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.14. MDU Resources Group’s dividend payout ratio (DPR) is currently 61.05%.

MDU Resources Group Company Profile

MDU Resources Group, Inc is a regulated energy delivery company headquartered in Bismarck, North Dakota. Through its utility and pipeline businesses, the company provides electric and natural gas services to residential, commercial, industrial and institutional customers.

Montana-Dakota Utilities operates electric generation, transmission and distribution systems, as well as natural gas distribution networks, across parts of North Dakota, South Dakota, Montana and Wyoming. Great Plains Natural Gas provides natural gas service in portions of Minnesota.