Barrow Hanley Mewhinney & Strauss LLC Purchases Shares of 13,056,724 MDU Resources Group, Inc. $MDU

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 13.06 million MDU Resources shares worth approximately $276.9 million, giving it a 6.38% stake. Institutional investors collectively own 71.44% of the company.
• Analyst sentiment remains mixed, with an overall “Hold” consensus and an average price target of $23.40; JPMorgan and Wells Fargo issued “overweight” ratings with targets of $27 and $25, respectively.
• MDU Resources beat quarterly EPS estimates, reporting $0.10 versus $0.09 expected, while revenue rose 6.8% year over year. The company also raised its quarterly dividend to $0.145 per share, equivalent to a 2.9% annual yield.

Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 13,056,724 shares of the utilities provider's stock, valued at approximately $276,933,000. Barrow Hanley Mewhinney & Strauss LLC owned 6.38% of MDU Resources Group as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new position in MDU Resources Group during the second quarter worth about $81,000. OneAscent Financial Services LLC acquired a new stake in MDU Resources Group in the 2nd quarter valued at about $386,000. Allworth Financial LP acquired a new stake in MDU Resources Group in the 2nd quarter valued at about $43,000. Westport Asset Management Inc. bought a new position in shares of MDU Resources Group during the 2nd quarter valued at about $742,000. Finally, MSH Capital Advisors LLC bought a new position in shares of MDU Resources Group during the 2nd quarter valued at about $209,000. Institutional investors own 71.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MDU. Weiss Ratings reiterated a "hold (c)" rating on shares of MDU Resources Group in a report on Wednesday, July 8th. TD Cowen raised their target price on shares of MDU Resources Group to $22.00 and gave the stock a "hold" rating in a report on Friday, May 15th. Wells Fargo & Company started coverage on shares of MDU Resources Group in a research report on Monday, July 13th. They issued an "overweight" rating and a $25.00 price target on the stock. Finally, JPMorgan Chase & Co. raised MDU Resources Group from a "neutral" rating to an "overweight" rating and set a $27.00 price target on the stock in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $23.40.

MDU Resources Group Trading Up 0.1%

NYSE MDU opened at $19.97 on Monday. The firm's 50 day moving average price is $20.80 and its two-hundred day moving average price is $21.10. 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 twelve month low of $15.76 and a twelve month high of $22.98. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 3.68 and a beta of 0.67.

MDU Resources Group (NYSE:MDU - Get Free Report) last released its earnings results on Thursday, August 6th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $375.30 million during the quarter, compared to analyst estimates of $396.56 million. During the same quarter in the prior year, the company earned $0.07 earnings per share. The company's revenue for the quarter was up 6.8% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Equities analysts anticipate 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. 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 2.9%. 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 61.05%.

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.

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