199,679 Shares in MDU Resources Group, Inc. $MDU Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in MDU Resources Group, Inc. (NYSE:MDU) in the second quarter, HoldingsChannel reports. The fund bought 199,679 shares of the utilities provider’s stock, valued at approximately $4,235,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of MDU Resources Group during the 2nd quarter valued at about $580,127,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of MDU Resources Group during the second quarter valued at approximately $276,933,000. Dimensional Fund Advisors LP lifted its position in MDU Resources Group by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 10,285,747 shares of the utilities provider’s stock valued at $213,120,000 after purchasing an additional 253,950 shares during the period. Earnest Partners LLC lifted its position in MDU Resources Group by 678.2% during the fourth 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 during the period. Finally, State Street Corp boosted its holdings in MDU Resources Group by 4.1% in the fourth quarter. State Street Corp now owns 7,121,385 shares of the utilities provider’s stock worth $139,991,000 after purchasing an additional 281,025 shares during the last quarter. Institutional investors own 71.44% of the company’s stock.

Analysts Set New Price Targets

MDU has been the subject of a number of research reports. Weiss Ratings lowered shares of MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, August 28th. Wells Fargo & Company assumed 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. JPMorgan Chase & Co. raised MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 target price on the stock in a report on Thursday, August 6th. Finally, TD Cowen raised their target price on MDU Resources Group to $22.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.40.

MDU Resources Group Trading Down 0.6%

Shares of MDU Resources Group stock opened at $19.69 on Friday. MDU Resources Group, Inc. has a 1-year low of $15.76 and a 1-year high of $22.98. The company’s fifty day simple moving average is $20.56 and its 200-day simple moving average is $21.06. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a market capitalization of $4.03 billion, a PE ratio of 20.73, a P/E/G ratio of 3.66 and a beta of 0.67.

MDU Resources Group (NYSE:MDU) last released its earnings results on Thursday, August 6th. The utilities provider reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $375.30 million for the quarter, compared to the consensus estimate of $396.56 million. MDU Resources Group had a return on equity of 6.89% and a net margin of 10.75%.MDU Resources Group’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. As a group, equities analysts anticipate that MDU Resources Group, Inc. will post 0.98 earnings per share for the current 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 a boost 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 is presently 58.95%.

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.