34,614 Shares in MDU Resources Group, Inc. $MDU Acquired by Odyssean LLC

Odyssean LLC purchased a new stake in MDU Resources Group, Inc. (NYSE:MDU) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 34,614 shares of the utilities provider’s stock, valued at approximately $734,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of MDU Resources Group in the second quarter valued at about $580,127,000. Vanguard Group Inc. raised its stake in MDU Resources Group by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 23,828,483 shares of the utilities provider’s stock worth $465,132,000 after purchasing an additional 571,015 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in MDU Resources Group in the 2nd quarter worth about $276,933,000. Dimensional Fund Advisors LP boosted its holdings in MDU Resources Group by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,285,747 shares of the utilities provider’s stock valued at $213,120,000 after purchasing an additional 253,950 shares during the period. Finally, Earnest Partners LLC grew its position in shares of MDU Resources Group by 678.2% during the 4th quarter. Earnest Partners LLC now owns 9,946,196 shares of the utilities provider’s stock worth $194,150,000 after purchasing an additional 8,668,137 shares in the last quarter. 71.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDU has been the topic of several recent research reports. TD Cowen raised their target price on shares of MDU Resources Group to $22.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Weiss Ratings reissued a “hold (c)” rating on shares of MDU Resources Group in a research report on Wednesday, July 8th. 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 price objective on the stock. Finally, JPMorgan Chase & Co. raised MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 price objective for the company in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $23.40.

MDU Resources Group Stock Up 1.5%

Shares of MDU opened at $20.27 on Thursday. The firm has a 50 day simple moving average of $20.75 and a two-hundred day simple moving average of $21.09. 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, Inc. has a one year low of $15.76 and a one year high of $22.98. The company has a market cap of $4.15 billion, a P/E ratio of 21.34, a P/E/G ratio of 3.69 and a beta of 0.67.

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

MDU Resources Group Increases Dividend

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

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.