Norges Bank Takes Position in MDU Resources Group, Inc. $MDU

Norges Bank acquired a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,054,154 shares of the utilities provider’s stock, valued at approximately $59,617,000. Norges Bank owned about 1.49% of MDU Resources Group at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. GoalVest Advisory LLC bought a new position in shares of MDU Resources Group during the 4th quarter valued at about $26,000. Flagship Harbor Advisors LLC bought a new position in shares of MDU Resources Group during the 4th quarter valued at about $27,000. Geneos Wealth Management Inc. increased its position in shares of MDU Resources Group by 94.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 800 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of MDU Resources Group by 6,404.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 1,473 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in MDU Resources Group by 13,185.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 1,846 shares during the last quarter. 71.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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. JPMorgan Chase & Co. initiated coverage on MDU Resources Group in a research report on Thursday, April 16th. They set a “neutral” rating and a $22.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of MDU Resources Group in a research report on Friday, April 10th. Finally, Loop Capital set a $21.00 price target on MDU Resources Group in a research report on Tuesday, February 24th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.75.

MDU Resources Group Trading Up 0.0%

MDU opened at $21.37 on Monday. The stock has a market cap of $4.37 billion, a PE ratio of 23.22, a PEG ratio of 3.95 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 0.78 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average of $21.79 and a 200-day moving average of $20.82. MDU Resources Group, Inc. has a 52 week low of $15.76 and a 52 week high of $22.98.

MDU Resources Group (NYSE:MDU) last released its earnings results on Thursday, May 7th. The utilities provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The firm had revenue of $605.98 million during the quarter, compared to analysts’ expectations of $688.34 million. MDU Resources Group had a net margin of 10.47% and a return on equity of 6.82%. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Equities research analysts predict that MDU Resources Group, Inc. will post 0.98 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.56 dividend on an annualized basis and a yield of 2.6%. MDU Resources Group’s payout ratio is presently 60.87%.

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.