Legal & General Group Plc Takes Position in MDU Resources Group, Inc. $MDU

Legal & General Group Plc bought a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,102,193 shares of the utilities provider’s stock, valued at approximately $23,378,000. Legal & General Group Plc owned approximately 0.54% of MDU Resources Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MDU. Geneos Wealth Management Inc. increased its holdings in shares of 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 acquiring an additional 800 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 buying an additional 1,473 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of MDU Resources Group by 13,185.7% during the fourth quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 1,846 shares in the last quarter. Trust Co. of Vermont purchased a new position in MDU Resources Group in the 2nd quarter worth approximately $39,000. Finally, McMillan Office Inc. purchased a new position in MDU Resources Group in the 4th quarter worth approximately $40,000. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

MDU Resources Group Trading Down 1.8%

NYSE:MDU opened at $19.82 on Friday. MDU Resources Group, Inc. has a one year low of $15.76 and a one year high of $22.98. The business has a fifty day moving average price of $20.70 and a 200-day moving average price of $21.08. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 3.65 and a beta of 0.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.99 and a quick ratio of 0.95.

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. Sell-side analysts forecast that MDU Resources Group, Inc. will post 0.98 EPS for the current year.

MDU Resources Group Increases Dividend

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

Wall Street Analysts Forecast Growth

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

MDU Resources Group 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.