Bank of America Corp DE Has $128.51 Million Position in MDU Resources Group, Inc. $MDU

Key Points

• Bank of America increased its MDU Resources stake by 1.6% to 6.2 million shares, valued at approximately $128.5 million. Institutional investors and hedge funds collectively own 71.44% of the company.
• MDU’s second-quarter EPS of $0.10 beat expectations, while net income rose 55.5% year over year to $21.3 million; however, revenue of $375.3 million fell short of analyst estimates. Management reaffirmed 2026 EPS guidance of $0.93–$1.00.
• Analyst sentiment remains mixed: JPMorgan and Wells Fargo issued “overweight” ratings, but the overall consensus is Hold with a $23.40 target price. MDU also pays a quarterly dividend of $0.14, yielding about 2.7% annually.

Bank of America Corp DE boosted its holdings in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,202,460 shares of the utilities provider's stock after acquiring an additional 97,389 shares during the quarter. Bank of America Corp DE owned 3.03% of MDU Resources Group worth $128,515,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MDU. Earnest Partners LLC lifted its stake in MDU Resources Group by 678.2% during the fourth 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 during the period. First Trust Advisors LP grew its stake in shares of MDU Resources Group by 2,442.7% in the 4th 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 grew its stake in shares of MDU Resources Group by 41.3% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,894,945 shares of the utilities provider's stock valued at $251,709,000 after purchasing an additional 3,766,737 shares during the period. Norges Bank bought a new stake in shares of MDU Resources Group in the 4th quarter valued at approximately $59,617,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of MDU Resources Group in the 1st quarter worth approximately $52,457,000. Institutional investors and hedge funds own 71.44% of the company's stock.

Key MDU Resources Group News

Here are the key news stories impacting MDU Resources Group this week:

• Positive Sentiment: JPMorgan upgraded MDU Resources Group from “neutral” to “overweight” and assigned a $27 price target, implying substantial upside from the referenced share price. Benzinga analyst upgrade report
• Positive Sentiment: MDU reported second-quarter EPS of $0.10, exceeding the $0.09 consensus estimate and rising from $0.07 a year earlier. Net income increased 55.5% year over year to $21.3 million, while revenue rose 6.8% to approximately $375.3 million. MDU Resources second-quarter 2026 results
• Positive Sentiment: The electric segment benefited from the Badger Wind Farm, new and interim rates, and higher volumes. MDU also advanced the proposed Bakken East Pipeline Project, executing agreements representing nearly 1.2 billion cubic feet per day of firm natural-gas transportation capacity—supporting potential future infrastructure growth. MDU Resources second-quarter net income report
• Neutral Sentiment: Management reaffirmed 2026 EPS guidance of $0.93 to $1.00. The midpoint is broadly consistent with analyst expectations, although the guidance range’s low end remains below the approximately $0.98 consensus forecast. MDU Resources Q2 2026 earnings call transcript
• Negative Sentiment: Quarterly revenue of approximately $375.3 million fell short of the $396.6 million analyst estimate, partially offsetting the earnings beat. The pipeline segment’s profit also declined year over year, while the natural-gas distribution business remained unprofitable on a seasonal basis. MDU Resources earnings report

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company started coverage on MDU Resources Group in a research note on Monday, July 13th. They issued an "overweight" rating and a $25.00 price target on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of MDU Resources Group in a research note on Wednesday, July 8th. 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. Finally, TD Cowen boosted their target price on shares of MDU Resources Group to $22.00 and gave the company a "hold" rating in a research note on Friday, May 15th. Three equities 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, the company has a consensus rating of "Hold" and a consensus target price of $23.40.

MDU Resources Group Stock Up 3.3%

NYSE MDU opened at $20.68 on Friday. The stock's 50 day simple moving average is $20.93 and its 200 day simple moving average is $21.11. MDU Resources Group, Inc. has a one year low of $15.76 and a one year high of $22.98. The firm has a market cap of $4.23 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 3.71 and a beta of 0.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.78 and a quick ratio of 0.75.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). The business had revenue of $605.98 million during the quarter, compared to the consensus estimate of $688.34 million. MDU Resources Group had a net margin of 10.47% and a return on equity of 6.82%. The company's revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 EPS. As a group, sell-side analysts forecast that MDU Resources Group, Inc. will post 0.98 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th were paid a $0.14 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.7%. MDU Resources Group's dividend payout ratio (DPR) is 60.87%.

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.

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