Jupiter Asset Management Ltd. Takes $12.60 Million Position in MDU Resources Group, Inc. $MDU

Jupiter Asset Management Ltd. purchased a new position in MDU Resources Group, Inc. (NYSE:MDU) during the third quarter, Holdings Channel.com reports. The firm purchased 707,397 shares of the utilities provider’s stock, valued at approximately $12,599,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in MDU Resources Group by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 499,908 shares of the utilities provider’s stock valued at $8,453,000 after purchasing an additional 39,978 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of MDU Resources Group by 0.9% during the 2nd quarter. Bleakley Financial Group LLC now owns 110,874 shares of the utilities provider’s stock worth $1,848,000 after purchasing an additional 946 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of MDU Resources Group by 1,227.1% during the 2nd quarter. AlphaQuest LLC now owns 12,183 shares of the utilities provider’s stock valued at $203,000 after buying an additional 11,265 shares during the last quarter. MQS Management LLC bought a new stake in shares of MDU Resources Group in the 2nd quarter valued at approximately $262,000. Finally, Envestnet Asset Management Inc. increased its holdings in MDU Resources Group by 157.0% in the second quarter. Envestnet Asset Management Inc. now owns 212,933 shares of the utilities provider’s stock worth $3,550,000 after buying an additional 130,073 shares during the last quarter. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of MDU Resources Group in a research report on Monday, December 29th. Citigroup restated a “neutral” rating on shares of MDU Resources Group in a research note on Thursday, January 15th. Finally, Zacks Research raised shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $21.00.

MDU Resources Group Trading Down 0.1%

Shares of MDU stock opened at $20.24 on Friday. MDU Resources Group, Inc. has a 12 month low of $15.04 and a 12 month high of $21.49. The company has a market cap of $4.14 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 3.48 and a beta of 0.75. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $20.15 and its two-hundred day moving average is $18.98.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. MDU Resources Group had a net margin of 10.15% and a return on equity of 7.00%. The business had revenue of $534.00 million during the quarter, compared to analysts’ expectations of $560.72 million. During the same period in the previous year, the company earned $0.90 earnings per share. MDU Resources Group’s revenue for the quarter was down .3% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Equities analysts predict that MDU Resources Group, Inc. will post 0.94 EPS for the current year.

MDU Resources Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, March 12th. MDU Resources Group’s dividend payout ratio is 60.22%.

Insider Activity

In other MDU Resources Group news, Director Charles M. Kelley purchased 5,000 shares of the stock in a transaction dated Friday, February 13th. The shares were bought at an average cost of $20.84 per share, with a total value of $104,200.00. Following the completion of the transaction, the director owned 8,031 shares in the company, valued at $167,366.04. This trade represents a 164.96% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

MDU Resources Group Company 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.