Public Employees Retirement System of Ohio Acquires Shares of 199,679 MDU Resources Group, Inc. $MDU

Public Employees Retirement System of Ohio bought a new position in MDU Resources Group, Inc. (NYSE:MDU) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 199,679 shares of the utilities provider’s stock, valued at approximately $4,235,000. Public Employees Retirement System of Ohio owned 0.10% of MDU Resources Group at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Arkadios Wealth Advisors raised its stake in MDU Resources Group by 1.7% in the first quarter. Arkadios Wealth Advisors now owns 27,316 shares of the utilities provider’s stock worth $566,000 after buying an additional 449 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of MDU Resources Group by 40.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 605 shares during the period. Private Advisor Group LLC grew its holdings in shares of MDU Resources Group by 0.9% during the 1st quarter. Private Advisor Group LLC now owns 70,442 shares of the utilities provider’s stock worth $1,460,000 after acquiring an additional 612 shares during the period. D.A. Davidson & CO. raised its position in shares of MDU Resources Group by 0.9% in the 1st quarter. D.A. Davidson & CO. now owns 77,537 shares of the utilities provider’s stock worth $1,607,000 after acquiring an additional 658 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of MDU Resources Group by 27.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,109 shares of the utilities provider’s stock worth $61,000 after acquiring an additional 675 shares in the last quarter. Institutional investors own 71.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on MDU Resources Group in a research report on Monday, July 13th. They set an “overweight” rating and a $25.00 price target on the stock. Weiss Ratings downgraded MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 28th. 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 research report on Thursday, August 6th. Finally, TD Cowen upped their target price on shares of MDU Resources Group to $22.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.40.

MDU Resources Group Stock Performance

Shares of MDU stock opened at $19.69 on Friday. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 3.66 and a beta of 0.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.95 and a current ratio of 0.99. MDU Resources Group, Inc. has a one year low of $15.76 and a one year high of $22.98. The company’s 50-day moving average is $20.56 and its 200 day moving average is $21.06.

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

MDU Resources Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a $0.145 dividend. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.58 annualized dividend and a yield of 2.9%. MDU Resources Group’s payout ratio is currently 58.95%.

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.