First National Bank of Omaha Makes New Investment in MDU Resources Group, Inc. $MDU

First National Bank of Omaha purchased a new stake in MDU Resources Group, Inc. (NYSE:MDU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,600 shares of the utilities provider’s stock, valued at approximately $678,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its position in shares of MDU Resources Group by 94.5% during the 2nd 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 during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of MDU Resources Group by 6,404.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 1,473 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of MDU Resources Group by 13,185.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 1,846 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of MDU Resources Group during the second quarter worth $39,000. Finally, McMillan Office Inc. acquired a new stake in shares of MDU Resources Group during the fourth quarter worth $40,000. Institutional investors and hedge funds own 71.44% of the company’s stock.

Analysts Set New Price Targets

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

MDU Resources Group Price Performance

Shares of NYSE:MDU opened at $20.45 on Thursday. The company’s fifty day moving average is $20.84 and its two-hundred day moving average is $21.10. The company has a market cap of $4.19 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 3.77 and a beta of 0.67. MDU Resources Group, Inc. has a 12-month low of $15.76 and a 12-month high of $22.98. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.88.

MDU Resources Group (NYSE:MDU) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.10 EPS 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 analysts’ expectations of $396.56 million. During the same quarter last year, the firm posted $0.07 earnings per share. MDU Resources Group’s revenue 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. Equities analysts expect that MDU Resources Group, Inc. will post 0.98 earnings per share 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. Shareholders of record on Thursday, September 10th will be given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, September 10th. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.14. MDU Resources Group’s dividend payout ratio is 58.95%.

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.