Wellington Management Group LLP Acquires 29,599 Shares of MDU Resources Group, Inc. $MDU

Wellington Management Group LLP increased its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 45.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,397 shares of the utilities provider’s stock after purchasing an additional 29,599 shares during the quarter. Wellington Management Group LLP’s holdings in MDU Resources Group were worth $2,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its position in MDU Resources Group by 94.5% during the second quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider’s stock valued at $27,000 after buying an additional 800 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of MDU Resources Group by 6,404.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider’s stock worth $27,000 after buying an additional 1,473 shares during the period. Global Retirement Partners LLC lifted its stake in shares of MDU Resources Group by 13,185.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 1,846 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of MDU Resources Group in the 2nd quarter valued at about $39,000. Finally, McMillan Office Inc. purchased a new stake in MDU Resources Group during the 4th quarter valued at about $40,000. 71.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

MDU has been the topic of several recent research reports. TD Cowen raised their price target on MDU Resources Group to $22.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Weiss Ratings downgraded MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 28th. Wells Fargo & Company assumed coverage on MDU Resources Group in a research note on Monday, July 13th. They set an “overweight” rating and a $25.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded shares of MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 target price on the stock in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.40.

MDU Resources Group Stock Performance

MDU Resources Group stock opened at $19.23 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. The firm has a market cap of $3.94 billion, a P/E ratio of 20.24, a P/E/G ratio of 3.62 and a beta of 0.67. MDU Resources Group, Inc. has a 1-year low of $15.76 and a 1-year high of $22.98. The firm has a 50-day moving average of $20.40 and a 200-day moving average of $21.03.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $375.30 million for the quarter, compared to the consensus estimate of $396.56 million. MDU Resources Group had a return on equity of 6.89% and a net margin of 10.75%.MDU Resources Group’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Sell-side analysts expect that MDU Resources Group, Inc. will post 0.98 EPS for the current year.

MDU Resources Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 3.0%. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, September 10th. MDU Resources Group’s payout ratio is presently 58.95%.

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.