MDU Resources Group, Inc. $MDU Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its holdings in MDU Resources Group, Inc. (NYSE:MDU) by 14.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 796,977 shares of the utilities provider’s stock after purchasing an additional 100,378 shares during the quarter. Public Sector Pension Investment Board owned 0.39% of MDU Resources Group worth $14,194,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MDU. Norges Bank bought a new position in shares of MDU Resources Group in the second quarter valued at $40,087,000. River Road Asset Management LLC acquired a new position in shares of MDU Resources Group in the 2nd quarter worth $26,105,000. Adage Capital Partners GP L.L.C. raised its position in shares of MDU Resources Group by 42.0% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,200,000 shares of the utilities provider’s stock worth $36,674,000 after purchasing an additional 651,136 shares during the period. Frontier Capital Management Co. LLC lifted its holdings in shares of MDU Resources Group by 19.7% during the second quarter. Frontier Capital Management Co. LLC now owns 2,790,814 shares of the utilities provider’s stock valued at $46,523,000 after purchasing an additional 460,180 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of MDU Resources Group by 64.0% during the second quarter. Bank of America Corp DE now owns 1,000,349 shares of the utilities provider’s stock valued at $16,676,000 after purchasing an additional 390,484 shares during the last quarter. 71.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on MDU. Weiss Ratings restated a “hold (c-)” rating on shares of MDU Resources Group in a report on Monday, December 29th. Zacks Research raised shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. Jefferies Financial Group boosted their price target on shares of MDU Resources Group to $22.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of MDU Resources Group in a research note on Thursday, January 15th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.00.

MDU Resources Group Price Performance

Shares of MDU opened at $20.80 on Friday. The business’s 50-day moving average is $20.06 and its 200-day moving average is $18.89. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.69. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 3.58 and a beta of 0.75. MDU Resources Group, Inc. has a fifty-two week low of $15.04 and a fifty-two week high of $21.49.

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

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.