Louisiana State Employees Retirement System Acquires New Stake in MDU Resources Group, Inc. $MDU

Louisiana State Employees Retirement System bought a new position in shares of MDU Resources Group, Inc. (NYSE:MDU) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 90,600 shares of the utilities provider’s stock, valued at approximately $1,877,000.

Other institutional investors have also added to or reduced their stakes in the company. GoalVest Advisory LLC purchased a new position in shares of MDU Resources Group during the fourth quarter worth about $26,000. Flagship Harbor Advisors LLC purchased a new stake in MDU Resources Group in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its position in MDU Resources Group by 6,404.3% during the third 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. Geneos Wealth Management Inc. lifted its position in MDU Resources Group by 94.5% during the second 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. Finally, Global Retirement Partners LLC grew its stake in MDU Resources Group by 13,185.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider’s stock worth $36,000 after buying an additional 1,846 shares in the last quarter. 71.44% of the stock is currently owned by institutional investors.

MDU Resources Group Stock Down 1.0%

Shares of MDU opened at $21.23 on Wednesday. MDU Resources Group, Inc. has a 1 year low of $15.76 and a 1 year high of $22.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.78 and a quick ratio of 0.75. The stock has a 50 day simple moving average of $21.71 and a two-hundred day simple moving average of $20.93. The firm has a market cap of $4.35 billion, a P/E ratio of 23.08, a P/E/G ratio of 3.97 and a beta of 0.66.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The business had revenue of $605.98 million for the quarter, compared to analysts’ expectations of $688.34 million. MDU Resources Group had a return on equity of 6.82% and a net margin of 10.47%.The company’s revenue was down 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, 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 announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, June 11th. MDU Resources Group’s dividend payout ratio (DPR) is presently 60.87%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MDU. TD Cowen raised their price objective on shares of MDU Resources Group to $22.00 and gave the company a “hold” rating in a research report on Friday, May 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 target price on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of MDU Resources Group in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.75.

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.