Picton Mahoney Asset Management Purchases 54,584 Shares of MDU Resources Group, Inc. $MDU

Picton Mahoney Asset Management increased its holdings in shares of MDU Resources Group, Inc. (NYSE:MDU) by 124,054.5% during the third quarter, Holdings Channel reports. The fund owned 54,628 shares of the utilities provider’s stock after acquiring an additional 54,584 shares during the quarter. Picton Mahoney Asset Management’s holdings in MDU Resources Group were worth $972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MDU. Geode Capital Management LLC boosted its stake in shares of MDU Resources Group by 0.3% in the second quarter. Geode Capital Management LLC now owns 3,427,029 shares of the utilities provider’s stock valued at $57,144,000 after buying an additional 8,754 shares during the period. Frontier Capital Management Co. LLC grew its position in MDU Resources Group by 19.7% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,790,814 shares of the utilities provider’s stock worth $46,523,000 after acquiring an additional 460,180 shares during the last quarter. Norges Bank acquired a new stake in MDU Resources Group during the 2nd quarter worth approximately $40,087,000. Adage Capital Partners GP L.L.C. raised its position in MDU Resources Group by 42.0% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,200,000 shares of the utilities provider’s stock worth $36,674,000 after purchasing an additional 651,136 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in MDU Resources Group by 0.8% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,577,477 shares of the utilities provider’s stock valued at $28,095,000 after acquiring an additional 11,895 shares during the last quarter. 71.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on MDU. Loop Capital set a $21.00 target price on MDU Resources Group in a research note on Tuesday, February 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of MDU Resources Group in a research report on Monday, December 29th. Citigroup reissued a “neutral” rating on shares of MDU Resources Group in a report on Thursday, January 15th. Finally, Zacks Research raised shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. 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.com, MDU Resources Group currently has a consensus rating of “Hold” and an average target price of $21.00.

MDU Resources Group Stock Performance

MDU Resources Group stock opened at $20.94 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.78 and a current ratio of 0.84. The stock’s 50 day simple moving average is $20.38 and its two-hundred day simple moving average is $19.26. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 3.66 and a beta of 0.75. MDU Resources Group, Inc. has a fifty-two week low of $15.04 and a fifty-two week high of $21.49.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. MDU Resources Group had a net margin of 10.15% and a return on equity of 6.98%. The company had revenue of $534.00 million during the quarter, compared to analysts’ expectations of $560.72 million. During the same period last year, the company posted $0.90 EPS. MDU Resources Group’s 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. As a group, analysts expect that MDU Resources Group, Inc. will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.56 annualized dividend and a yield of 2.7%. MDU Resources Group’s payout ratio is 60.22%.

Insider Activity

In other news, Director Charles M. Kelley purchased 5,000 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were purchased at an average price of $20.84 per share, for a total transaction of $104,200.00. Following the completion of the acquisition, the director directly owned 8,031 shares in the company, valued at $167,366.04. This represents a 164.96% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

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.