Perpetual Ltd Makes New $22.03 Million Investment in MDU Resources Group, Inc. $MDU

Perpetual Ltd bought a new position in shares of MDU Resources Group, Inc. (NYSE:MDU) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,128,612 shares of the utilities provider’s stock, valued at approximately $22,031,000.

Several other hedge funds have also modified their holdings of the stock. Harbor Capital Advisors Inc. raised its position in MDU Resources Group by 11.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 30,411 shares of the utilities provider’s stock worth $594,000 after purchasing an additional 3,029 shares during the last quarter. Blue Trust Inc. lifted its holdings in MDU Resources Group by 551.0% during the 4th quarter. Blue Trust Inc. now owns 26,118 shares of the utilities provider’s stock worth $510,000 after buying an additional 22,106 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in MDU Resources Group by 490.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 294,629 shares of the utilities provider’s stock valued at $5,751,000 after buying an additional 244,733 shares during the last quarter. Dakota Wealth Management boosted its position in MDU Resources Group by 8.3% in the 4th quarter. Dakota Wealth Management now owns 68,335 shares of the utilities provider’s stock valued at $1,343,000 after buying an additional 5,226 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of MDU Resources Group by 111.8% in the 4th quarter. SG Americas Securities LLC now owns 57,042 shares of the utilities provider’s stock valued at $1,113,000 after buying an additional 30,104 shares during the period. 71.44% of the stock is owned by institutional investors.

MDU Resources Group Stock Down 0.1%

Shares of MDU Resources Group stock opened at $21.30 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.84 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. The business has a fifty day simple moving average of $20.61 and a 200 day simple moving average of $19.87. The stock has a market cap of $4.36 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 3.67 and a beta of 0.70.

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

MDU Resources Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Thursday, March 12th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, March 12th. MDU Resources Group’s dividend payout ratio (DPR) is currently 60.22%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at MDU Resources Group

In other news, Director Charles M. Kelley acquired 5,000 shares of MDU Resources Group stock in a transaction that occurred on Friday, February 13th. The shares were acquired at an average price of $20.84 per share, with a total value of $104,200.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is owned by corporate insiders.

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.