Jupiter Asset Management Ltd. Buys Shares of 707,397 MDU Resources Group, Inc. $MDU

Jupiter Asset Management Ltd. purchased a new position in shares of MDU Resources Group, Inc. (NYSE:MDU) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 707,397 shares of the utilities provider’s stock, valued at approximately $12,599,000. Jupiter Asset Management Ltd. owned 0.35% of MDU Resources Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in shares of MDU Resources Group by 35.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 685,347 shares of the utilities provider’s stock worth $12,206,000 after buying an additional 179,357 shares in the last quarter. Leuthold Group LLC grew its holdings in MDU Resources Group by 11.3% during the second quarter. Leuthold Group LLC now owns 202,649 shares of the utilities provider’s stock worth $3,378,000 after acquiring an additional 20,553 shares during the period. Envestnet Asset Management Inc. raised its position in MDU Resources Group by 157.0% in the second quarter. Envestnet Asset Management Inc. now owns 212,933 shares of the utilities provider’s stock worth $3,550,000 after acquiring an additional 130,073 shares in the last quarter. PAX Financial Group LLC bought a new stake in MDU Resources Group in the second quarter worth about $260,000. Finally, River Road Asset Management LLC acquired a new stake in MDU Resources Group in the 2nd quarter valued at about $26,105,000. Institutional investors own 71.44% of the company’s stock.

Insider Activity

In related news, Director Charles M. Kelley purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was acquired at an average cost of $20.84 per share, for a total transaction of $104,200.00. Following the completion of the acquisition, the director owned 8,031 shares in the company, valued at $167,366.04. This trade represents a 164.96% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.94% of the stock is owned by company insiders.

MDU Resources Group Stock Performance

Shares of MDU Resources Group stock opened at $20.24 on Friday. MDU Resources Group, Inc. has a 12 month low of $15.04 and a 12 month high of $21.49. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. The stock has a market cap of $4.14 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 3.48 and a beta of 0.75. The business has a fifty day simple moving average of $20.15 and a 200-day simple moving average of $18.98.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. MDU Resources Group had a return on equity of 7.00% and a net margin of 10.15%.The firm had revenue of $534.00 million for the quarter, compared to analyst estimates of $560.72 million. During the same period in the previous year, the firm earned $0.90 earnings per share. MDU Resources Group’s quarterly revenue was down .3% 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 anticipate that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, March 12th. MDU Resources Group’s dividend payout ratio is 60.22%.

Analyst Ratings Changes

MDU has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of MDU Resources Group in a research note on Monday, December 29th. Zacks Research upgraded shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Finally, Citigroup reaffirmed a “neutral” rating on shares of MDU Resources Group in a report on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.00.

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.