Comerica Bank Boosts Holdings in MDU Resources Group, Inc. $MDU

Key Points

• Comerica Bank raised its stake in MDU Resources Group by 22.3%, buying an additional 44,316 shares to hold 243,107 shares worth about $4.745 million.
• MDU reported quarterly EPS of $0.37 (in line with estimates) with revenue below consensus, and set FY2026 guidance of $0.93–$1.00 EPS versus analysts' forecast of $0.98.
• The company pays a quarterly dividend of $0.14 (annualized $0.56, ~2.5% yield) with a payout ratio around 60%, while analysts' consensus is a "Hold" with an average price target of $21.25.

Comerica Bank raised its stake in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 22.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,107 shares of the utilities provider's stock after purchasing an additional 44,316 shares during the period. Comerica Bank owned 0.12% of MDU Resources Group worth $4,745,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Smith Moore & CO. lifted its stake in shares of MDU Resources Group by 4.3% in the fourth quarter. Smith Moore & CO. now owns 12,855 shares of the utilities provider's stock worth $251,000 after buying an additional 535 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of MDU Resources Group by 2.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,414 shares of the utilities provider's stock worth $408,000 after buying an additional 540 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of MDU Resources Group by 25.4% in the fourth quarter. GAMMA Investing LLC now owns 2,748 shares of the utilities provider's stock worth $54,000 after buying an additional 556 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of MDU Resources Group by 5.3% in the third quarter. Koshinski Asset Management Inc. now owns 11,098 shares of the utilities provider's stock worth $198,000 after buying an additional 560 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of MDU Resources Group by 4.1% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,577 shares of the utilities provider's stock worth $324,000 after buying an additional 652 shares in the last quarter. 71.44% of the stock is owned by hedge funds and other institutional investors.

MDU Resources Group Price Performance

Shares of MDU stock opened at $22.61 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.84 and a quick ratio of 0.78. The firm's 50-day moving average is $21.13 and its two-hundred day moving average is $20.46. MDU Resources Group, Inc. has a 12 month low of $15.76 and a 12 month high of $22.75. The company has a market capitalization of $4.63 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 4.15 and a beta of 0.70.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its earnings results on Thursday, February 5th. The utilities provider reported $0.37 EPS for the quarter, hitting analysts' consensus estimates of $0.37. MDU Resources Group had a net margin of 10.15% and a return on equity of 6.98%. The company had revenue of $534.00 million for the quarter, compared to the consensus estimate of $560.72 million. During the same period in the previous year, the firm earned $0.90 earnings per share. MDU Resources Group's quarterly revenue was down .3% compared to the same quarter last year. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Analysts predict that MDU Resources Group, Inc. will post 0.98 earnings per share for the current year.

MDU Resources Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.56 dividend on an annualized basis and a yield of 2.5%. MDU Resources Group's payout ratio is 60.22%.

Insider Buying and Selling

In other news, Director Charles M. Kelley bought 5,000 shares of MDU Resources Group stock in a transaction on Friday, February 13th. The shares were bought at an average cost of $20.84 per share, with a total value of $104,200.00. Following the completion of the purchase, the director directly owned 8,031 shares of the company's stock, valued at approximately $167,366.04. This trade represents a 164.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MDU. Weiss Ratings reissued a "hold (c)" rating on shares of MDU Resources Group in a research note on Friday, April 10th. JPMorgan Chase & Co. began coverage on shares of MDU Resources Group in a research note on Thursday, April 16th. They issued a "neutral" rating and a $22.00 price target on the stock. Citigroup reissued a "neutral" rating on shares of MDU Resources Group in a research note on Thursday, January 15th. Finally, Loop Capital set a $21.00 price target on shares of MDU Resources Group in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $21.25.

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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