Deutsche Bank AG Acquires Shares of 402,983 MDU Resources Group, Inc. $MDU

Deutsche Bank AG acquired a new position in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 402,983 shares of the utilities provider's stock, valued at approximately $8,547,000. Deutsche Bank AG owned about 0.20% of MDU Resources Group as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Earnest Partners LLC boosted its holdings in shares of MDU Resources Group by 678.2% in the fourth quarter. Earnest Partners LLC now owns 9,946,196 shares of the utilities provider's stock valued at $194,150,000 after acquiring an additional 8,668,137 shares in the last quarter. First Trust Advisors LP increased its stake in shares of MDU Resources Group by 2,442.7% during the fourth quarter. First Trust Advisors LP now owns 4,436,521 shares of the utilities provider's stock worth $86,601,000 after acquiring an additional 4,262,042 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in MDU Resources Group by 41.3% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,894,945 shares of the utilities provider's stock worth $251,709,000 after purchasing an additional 3,766,737 shares in the last quarter. Norges Bank purchased a new position in MDU Resources Group during the fourth quarter worth about $59,617,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in MDU Resources Group during the first quarter worth about $52,457,000. Institutional investors and hedge funds own 71.44% of the company's stock.

MDU Resources Group Stock Up 0.1%

MDU Resources Group stock opened at $19.97 on Monday. 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 $4.09 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 3.68 and a beta of 0.67. MDU Resources Group, Inc. has a fifty-two week low of $15.76 and a fifty-two week high of $22.98. The stock's fifty day moving average is $20.80 and its two-hundred day moving average is $21.10.

MDU Resources Group (NYSE:MDU - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $375.30 million during the quarter, compared to analysts' expectations of $396.56 million. MDU Resources Group had a return on equity of 6.89% and a net margin of 10.75%.The business's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.07 earnings per share. 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 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.145 per share. This is an increase from MDU Resources Group's previous quarterly dividend of $0.14. The ex-dividend date is Thursday, September 10th. This represents a $0.58 annualized dividend and a yield of 2.9%. MDU Resources Group's payout ratio is 61.05%.

Wall Street Analysts Forecast Growth

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

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.

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