MDU Resources Group (NYSE:MDU) Director Charles Kelley Buys 5,000 Shares of Stock

MDU Resources Group, Inc. (NYSE:MDU) Director Charles Kelley bought 5,000 shares of the stock in a transaction dated Friday, February 13th. The stock was purchased at an average price of $20.84 per share, with a total value of $104,200.00. Following the purchase, the director owned 8,031 shares in the company, valued at $167,366.04. This trade represents a 164.96% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

MDU Resources Group Price Performance

Shares of MDU stock opened at $20.25 on Wednesday. The business’s fifty day moving average is $20.11 and its 200 day moving average is $18.95. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 3.58 and a beta of 0.75. MDU Resources Group, Inc. has a twelve month low of $15.04 and a twelve month high of $21.49.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $534.00 million during the quarter, compared to analyst estimates of $560.72 million. MDU Resources Group had a return on equity of 7.00% and a net margin of 10.15%.The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Research analysts expect that MDU Resources Group, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of MDU Resources Group in a report on Monday, December 29th. Jefferies Financial Group raised their price objective on MDU Resources Group to $22.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Citigroup reiterated a “neutral” rating on shares of MDU Resources Group in a research note on Thursday, January 15th. Finally, Zacks Research raised MDU Resources Group from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $21.00.

Institutional Investors Weigh In On MDU Resources Group

Several large investors have recently bought and sold shares of MDU. Earnest Partners LLC boosted its holdings 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 valued at $194,150,000 after acquiring an additional 8,668,137 shares during the last quarter. First Trust Advisors LP lifted 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 valued at $86,601,000 after purchasing an additional 4,262,042 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in MDU Resources Group by 41.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,894,945 shares of the utilities provider’s stock worth $251,709,000 after purchasing an additional 3,766,737 shares during the last quarter. Norges Bank purchased a new stake in MDU Resources Group in the fourth quarter worth approximately $59,617,000. Finally, River Road Asset Management LLC bought a new stake in MDU Resources Group in the 2nd quarter worth approximately $26,105,000. 71.44% of the stock is currently owned by institutional investors.

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.