Corient Private Wealth LP Takes $1.42 Million Position in MDU Resources Group, Inc. $MDU

Key Points

• Corient Private Wealth LP acquired 66,771 shares of MDU Resources Group in the second quarter, valued at approximately $1.42 million. Institutional investors collectively own 71.44% of the company.
• Analysts maintain a generally cautious outlook, with three Buy ratings and four Holds producing a consensus rating of Hold and an average price target of $23.40. JPMorgan upgraded the stock to Overweight with a $27 target.
• MDU reported quarterly EPS of $0.10, exceeding expectations, while revenue rose 6.8% year over year but fell short of estimates. The company also increased its quarterly dividend to $0.145 per share, implying a 2.9% annual yield.

Corient Private Wealth LP bought a new position in MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 66,771 shares of the utilities provider's stock, valued at approximately $1,416,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Geneos Wealth Management Inc. increased 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 purchasing an additional 800 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in MDU Resources Group by 6,404.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider's stock worth $27,000 after buying an additional 1,473 shares during the last quarter. Global Retirement Partners LLC lifted its position in MDU Resources Group by 13,185.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider's stock worth $36,000 after buying an additional 1,846 shares during the last quarter. Trust Co. of Vermont purchased a new position in MDU Resources Group during the second quarter worth $39,000. Finally, McMillan Office Inc. purchased a new position in MDU Resources Group during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 71.44% of the company's stock.

Wall Street Analyst Weigh In

MDU has been the topic of a number of analyst reports. Weiss Ratings cut shares of 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 shares of MDU Resources Group from a "neutral" rating to an "overweight" rating and set a $27.00 target price for the company in a report on Thursday, August 6th. Wells Fargo & Company started coverage on shares of MDU Resources Group in a research note on Monday, July 13th. They set an "overweight" rating and a $25.00 price target for the company. Finally, TD Cowen upped their price target on shares of MDU Resources Group to $22.00 and gave the company a "hold" rating in a report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $23.40.

MDU Resources Group Price Performance

Shares of MDU stock opened at $19.69 on Friday. The stock has a 50 day moving average price of $20.56 and a 200 day moving average price of $21.06. MDU Resources Group, Inc. has a 52-week low of $15.76 and a 52-week high of $22.98. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.95 and a current ratio of 0.99. The firm has a market capitalization of $4.03 billion, a P/E ratio of 20.73, a P/E/G ratio of 3.66 and a beta of 0.67.

MDU Resources Group (NYSE:MDU - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.10 EPS for the quarter, beating 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 company had revenue of $375.30 million for the quarter, compared to the consensus estimate of $396.56 million. During the same quarter in the prior year, the company posted $0.07 EPS. MDU Resources Group's quarterly revenue 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. As a group, sell-side analysts predict that MDU Resources Group, Inc. will post 0.98 earnings per share for the current year.

MDU Resources Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.145 per share. This is an increase 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 2.9%. The ex-dividend date of this dividend is Thursday, September 10th. MDU Resources Group's payout ratio is presently 58.95%.

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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