Corient Private Wealth LP Makes New $1.42 Million Investment in MDU Resources Group, Inc. $MDU

Corient Private Wealth LP bought a new position in shares of MDU Resources Group, Inc. (NYSE:MDU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 66,771 shares of the utilities provider’s stock, valued at approximately $1,416,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of MDU Resources Group in the second quarter valued at approximately $580,127,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in MDU Resources Group during the 2nd quarter worth $276,933,000. Dimensional Fund Advisors LP increased its holdings in MDU Resources Group by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,285,747 shares of the utilities provider’s stock worth $213,120,000 after purchasing an additional 253,950 shares during the period. Earnest Partners LLC raised its position in MDU Resources Group by 678.2% during the 4th quarter. Earnest Partners LLC now owns 9,946,196 shares of the utilities provider’s stock valued at $194,150,000 after purchasing an additional 8,668,137 shares in the last quarter. Finally, State Street Corp raised its position in MDU Resources Group by 4.1% during the 4th quarter. State Street Corp now owns 7,121,385 shares of the utilities provider’s stock valued at $139,991,000 after purchasing an additional 281,025 shares in the last quarter. Institutional investors own 71.44% of the company’s stock.

MDU Resources Group Stock Performance

Shares of NYSE:MDU opened at $19.69 on Friday. The firm has a 50 day moving average of $20.56 and a 200 day moving average of $21.06. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 3.66 and a beta of 0.67. 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 announced its earnings results on Thursday, August 6th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. MDU Resources Group had a return on equity of 6.89% and a net margin of 10.75%.The business had revenue of $375.30 million for the quarter, compared to analysts’ expectations of $396.56 million. During the same quarter last year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, sell-side analysts predict that MDU Resources Group, Inc. will post 0.98 earnings per share for the current fiscal year.

MDU Resources Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a dividend of $0.145 per share. This is an increase from MDU Resources Group’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, September 10th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.9%. MDU Resources Group’s dividend payout ratio (DPR) is currently 58.95%.

Analyst Upgrades and Downgrades

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

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.