Jupiter Topco LLC Makes New $1.73 Million Investment in MDU Resources Group, Inc. $MDU

Jupiter Topco LLC acquired a new position in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 81,428 shares of the utilities provider's stock, valued at approximately $1,727,000.

Several other large investors have also modified their holdings of MDU. Arkadios Wealth Advisors raised its stake in MDU Resources Group by 1.7% during the 1st quarter. Arkadios Wealth Advisors now owns 27,316 shares of the utilities provider's stock worth $566,000 after acquiring an additional 449 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in MDU Resources Group by 40.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 605 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of MDU Resources Group by 0.9% during the first quarter. Private Advisor Group LLC now owns 70,442 shares of the utilities provider's stock worth $1,460,000 after purchasing an additional 612 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of MDU Resources Group by 0.9% during the first quarter. D.A. Davidson & CO. now owns 77,537 shares of the utilities provider's stock worth $1,607,000 after purchasing an additional 658 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of MDU Resources Group by 27.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,109 shares of the utilities provider's stock worth $61,000 after purchasing an additional 675 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company's stock.

MDU Resources Group Stock Performance

Shares of MDU opened at $19.69 on Friday. 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 stock 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. The company's fifty day moving average is $20.56 and its two-hundred day moving average is $21.06. MDU Resources Group, Inc. has a 1 year low of $15.76 and a 1 year high of $22.98.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. MDU Resources Group had a net margin of 10.75% and a return on equity of 6.89%. The business had revenue of $375.30 million for the quarter, compared to the consensus estimate of $396.56 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The business's quarterly revenue was up 6.8% compared to the same quarter last year. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, 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 firm also recently announced 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 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, September 10th. This is a positive change from MDU Resources Group's previous quarterly dividend of $0.14. MDU Resources Group's payout ratio is presently 58.95%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MDU shares. Weiss Ratings downgraded MDU Resources Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, August 28th. Wells Fargo & Company began coverage on MDU Resources Group in a research note on Monday, July 13th. They set an "overweight" rating and a $25.00 price target on the stock. TD Cowen boosted their price objective on MDU Resources Group to $22.00 and gave the company a "hold" rating in a research note on Friday, May 15th. Finally, 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, August 6th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $23.40.

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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