MDU Resources Group, Inc. $MDU Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management grew its position in MDU Resources Group, Inc. (NYSE:MDU) by 124,054.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,628 shares of the utilities provider’s stock after acquiring an additional 54,584 shares during the quarter. Picton Mahoney Asset Management’s holdings in MDU Resources Group were worth $972,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of MDU Resources Group by 8.7% during 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 worth $8,453,000 after acquiring an additional 39,978 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of MDU Resources Group by 157.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 212,933 shares of the utilities provider’s stock worth $3,550,000 after purchasing an additional 130,073 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of MDU Resources Group by 4.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 29,478 shares of the utilities provider’s stock worth $491,000 after acquiring an additional 1,161 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of MDU Resources Group in the second quarter worth about $26,000. Finally, Bank of Montreal Can lifted its holdings in shares of MDU Resources Group by 1.5% in the second quarter. Bank of Montreal Can now owns 58,177 shares of the utilities provider’s stock valued at $970,000 after purchasing an additional 872 shares in the last quarter. Institutional investors own 71.44% of the company’s stock.

Insider Transactions at MDU Resources Group

In other news, Director Charles M. Kelley purchased 5,000 shares of the company’s stock in a transaction on Friday, February 13th. The shares were purchased at an average price of $20.84 per share, with a total value of $104,200.00. Following the purchase, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.94% of the company’s stock.

MDU Resources Group Price Performance

MDU opened at $20.94 on Friday. 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 52 week low of $15.04 and a 52 week high of $21.49. The firm has a market capitalization of $4.28 billion, a PE ratio of 22.52, a P/E/G ratio of 3.66 and a beta of 0.75. The company has a fifty day moving average price of $20.38 and a two-hundred day moving average price of $19.26.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. The company had revenue of $534.00 million during the quarter, compared to analysts’ expectations of $560.72 million. MDU Resources Group had a return on equity of 6.98% and a net margin of 10.15%.MDU Resources Group’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. As a group, analysts anticipate that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.56 dividend on an annualized basis and a yield of 2.7%. MDU Resources Group’s payout ratio is presently 60.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Citigroup restated a “neutral” rating on shares of MDU Resources Group in a research report on Thursday, January 15th. Loop Capital set a $21.00 target price on MDU Resources Group in a research note on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of MDU Resources Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.00.

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.