Vaughan Nelson Investment Management L.P. Takes Position in MDU Resources Group, Inc. $MDU

Vaughan Nelson Investment Management L.P. bought a new stake in MDU Resources Group, Inc. (NYSE:MDU) during the first quarter, HoldingsChannel reports. The firm bought 2,531,705 shares of the utilities provider’s stock, valued at approximately $52,457,000.

Several other institutional investors and hedge funds have also bought and sold shares of MDU. Smith Moore & CO. boosted its position in MDU Resources Group by 4.3% during the fourth quarter. Smith Moore & CO. now owns 12,855 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 535 shares during the last quarter. GAMMA Investing LLC increased its position in shares of MDU Resources Group by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 2,748 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 556 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in shares of MDU Resources Group by 5.3% during the 3rd quarter. Koshinski Asset Management Inc. now owns 11,098 shares of the utilities provider’s stock worth $198,000 after purchasing an additional 560 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of MDU Resources Group by 2.2% during the 4th quarter. Arkadios Wealth Advisors now owns 26,867 shares of the utilities provider’s stock worth $524,000 after purchasing an additional 587 shares in the last quarter. Finally, DMKC Advisory Services LLC raised its stake in shares of MDU Resources Group by 4.2% during the 4th quarter. DMKC Advisory Services LLC now owns 15,048 shares of the utilities provider’s stock worth $294,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 71.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. TD Cowen raised their target price on shares of MDU Resources Group to $22.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MDU Resources Group in a research report on Friday, April 10th. Loop Capital set a $21.00 price target on shares of MDU Resources Group in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. assumed coverage on shares of MDU Resources Group in a research note on Thursday, April 16th. They issued a “neutral” rating and a $22.00 price target for the company. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $21.75.

MDU Resources Group Stock Performance

MDU opened at $21.27 on Monday. MDU Resources Group, Inc. has a 12-month low of $15.76 and a 12-month high of $22.98. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 3.94 and a beta of 0.66. The business has a 50 day moving average of $21.78 and a 200-day moving average of $20.84. The company has a quick ratio of 0.75, a current ratio of 0.78 and a debt-to-equity ratio of 0.82.

MDU Resources Group (NYSE:MDU) last posted its earnings results on Thursday, May 7th. The utilities provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $605.98 million for the quarter, compared to analyst estimates of $688.34 million. MDU Resources Group had a return on equity of 6.82% and a net margin of 10.47%.The firm’s revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, equities research analysts expect that MDU Resources Group, Inc. will post 0.98 earnings per share for the current year.

MDU Resources Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, June 11th. MDU Resources Group’s payout ratio is 60.87%.

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.