Man Group plc Invests $6.32 Million in MDU Resources Group, Inc. $MDU

Man Group plc purchased a new position in shares of MDU Resources Group, Inc. (NYSE:MDU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 297,903 shares of the utilities provider’s stock, valued at approximately $6,319,000. Man Group plc owned 0.15% of MDU Resources Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. bought a new position in shares of MDU Resources Group during the second quarter worth approximately $580,127,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of MDU Resources Group in the second quarter valued at approximately $276,933,000. Earnest Partners LLC grew 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 worth $194,150,000 after buying an additional 8,668,137 shares in the last quarter. First Trust Advisors LP grew its position in MDU Resources Group by 2,442.7% during the fourth quarter. First Trust Advisors LP now owns 4,436,521 shares of the utilities provider’s stock worth $86,601,000 after buying an additional 4,262,042 shares in the last quarter. Finally, Norges Bank acquired a new stake in MDU Resources Group during the fourth quarter worth approximately $59,617,000. Institutional investors and hedge funds own 71.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on MDU shares. TD Cowen lifted their price objective on MDU Resources Group to $22.00 and gave the company a “hold” rating in a report on Friday, May 15th. Wells Fargo & Company assumed coverage on MDU Resources Group in a report on Monday, July 13th. They set an “overweight” rating and a $25.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of MDU Resources Group in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. raised MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 price target for the company in a research note on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, MDU Resources Group currently has a consensus rating of “Hold” and an average price target of $23.40.

MDU Resources Group Price Performance

Shares of MDU opened at $19.82 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.88. The stock has a market cap of $4.06 billion, a PE ratio of 20.86, a PEG ratio of 3.65 and a beta of 0.67. MDU Resources Group, Inc. has a 12-month low of $15.76 and a 12-month high of $22.98. The business has a 50-day simple moving average of $20.70 and a two-hundred day simple moving average of $21.08.

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

MDU Resources Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 2.9%. This is an increase from MDU Resources Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, September 10th. MDU Resources Group’s payout ratio is presently 61.05%.

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.