MDU Resources Group, Inc. $MDU Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 4,498.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 59,226 shares of the utilities provider’s stock after buying an additional 57,938 shares during the period. Fifth Third Bancorp’s holdings in MDU Resources Group were worth $1,156,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. boosted its stake in MDU Resources Group by 604.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 158,043 shares of the utilities provider’s stock worth $3,085,000 after buying an additional 135,602 shares during the last quarter. DMKC Advisory Services LLC lifted its stake in shares of MDU Resources Group by 4.2% in the 4th quarter. DMKC Advisory Services LLC now owns 15,048 shares of the utilities provider’s stock valued at $294,000 after purchasing an additional 600 shares in the last quarter. M&T Bank Corp lifted its stake in shares of MDU Resources Group by 0.6% in the 4th quarter. M&T Bank Corp now owns 317,375 shares of the utilities provider’s stock valued at $6,195,000 after purchasing an additional 2,026 shares in the last quarter. Comerica Bank lifted its stake in shares of MDU Resources Group by 22.3% in the 4th quarter. Comerica Bank now owns 243,107 shares of the utilities provider’s stock valued at $4,745,000 after purchasing an additional 44,316 shares in the last quarter. Finally, UBS Group AG lifted its stake in shares of MDU Resources Group by 60.3% in the 4th quarter. UBS Group AG now owns 1,563,466 shares of the utilities provider’s stock valued at $30,519,000 after purchasing an additional 587,826 shares in the last quarter. 71.44% of the stock is owned by institutional investors and hedge funds.

MDU Resources Group Stock Performance

Shares of NYSE:MDU opened at $22.47 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.78 and a current ratio of 0.84. MDU Resources Group, Inc. has a one year low of $15.76 and a one year high of $22.83. The business’s 50-day simple moving average is $21.18 and its 200 day simple moving average is $20.50. The company has a market cap of $4.60 billion, a P/E ratio of 24.16, a PEG ratio of 4.15 and a beta of 0.70.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $534.00 million for the quarter, compared to the consensus estimate of $560.72 million. During the same period in the previous year, the business earned $0.90 EPS. MDU Resources Group’s revenue for the quarter was down .3% compared to the same quarter last year. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, sell-side analysts forecast that MDU Resources Group, Inc. will post 0.98 earnings per share 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. Shareholders of record on Thursday, March 12th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, March 12th. This represents a $0.56 annualized dividend and a yield of 2.5%. MDU Resources Group’s payout ratio is currently 60.22%.

Insider Transactions 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 on Friday, February 13th. The shares were bought at an average cost of $20.84 per share, for a total transaction of $104,200.00. Following the acquisition, the director directly owned 8,031 shares of the company’s stock, valued at $167,366.04. This trade represents a 164.96% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.