The Manufacturers Life Insurance Company Purchases New Position in MDU Resources Group, Inc. $MDU

The Manufacturers Life Insurance Company acquired a new position in MDU Resources Group, Inc. (NYSE:MDU) during the second quarter, Holdings Channel reports. The institutional investor acquired 58,341 shares of the utilities provider’s stock, valued at approximately $1,237,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted 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 valued at $566,000 after acquiring an additional 449 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake 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 purchasing an additional 605 shares during the last quarter. Private Advisor Group LLC increased its stake 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 purchasing an additional 612 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of MDU Resources Group by 0.9% during the 1st quarter. D.A. Davidson & CO. now owns 77,537 shares of the utilities provider’s stock valued at $1,607,000 after purchasing an additional 658 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of MDU Resources Group by 27.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,109 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 675 shares in the last quarter. Institutional investors own 71.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MDU. TD Cowen upped their price objective 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 cut MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 28th. JPMorgan Chase & Co. upgraded MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 price target for the company in a research note on Thursday, August 6th. Finally, Wells Fargo & Company initiated coverage on MDU Resources Group in a report on Monday, July 13th. They set an “overweight” rating and a $25.00 price objective on the stock. Three 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, MDU Resources Group currently has an average rating of “Hold” and a consensus target price of $23.40.

MDU Resources Group Price Performance

NYSE MDU opened at $19.59 on Friday. MDU Resources Group, Inc. has a 1 year low of $15.76 and a 1 year high of $22.98. The company has a fifty day simple moving average of $20.52 and a 200 day simple moving average of $21.05. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. The company has a market cap of $4.01 billion, a P/E ratio of 20.62, a P/E/G ratio of 3.65 and a beta of 0.67.

MDU Resources Group (NYSE:MDU) last announced 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. The firm had revenue of $375.30 million for the quarter, compared to the consensus estimate of $396.56 million. MDU Resources Group had a net margin of 10.75% and a return on equity of 6.89%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, sell-side analysts predict that MDU Resources Group, Inc. will post 0.98 EPS for the current year.

MDU Resources Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.145 dividend. The ex-dividend date is Thursday, September 10th. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a dividend yield of 3.0%. MDU Resources Group’s dividend payout ratio is presently 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.