Magellan Asset Management Ltd Purchases New Position in MDU Resources Group, Inc. $MDU

Key Points

• Magellan Asset Management acquired 231,541 shares of MDU Resources Group worth approximately $4.9 million, while institutional investors collectively own 71.44% of the company.
• MDU reported quarterly EPS of $0.10, exceeding estimates by $0.01, though revenue of $375.3 million fell short of expectations. Revenue increased 6.8% year over year, and the company reaffirmed fiscal 2026 EPS guidance of $0.93–$1.00.
• MDU raised its quarterly dividend to $0.145, equivalent to an annualized $0.58 payout and a 2.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $23.40, compared with the stock’s $19.97 opening price.

Magellan Asset Management Ltd acquired a new position in shares of MDU Resources Group, Inc. (NYSE:MDU - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 231,541 shares of the utilities provider's stock, valued at approximately $4,911,000. Magellan Asset Management Ltd owned about 0.11% of MDU Resources Group at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Arkadios Wealth Advisors boosted its holdings in shares of MDU Resources Group by 1.7% in 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. DMKC Advisory Services LLC raised its position in MDU Resources Group by 4.2% in the 4th quarter. DMKC Advisory Services LLC now owns 15,048 shares of the utilities provider's stock valued at $294,000 after purchasing an additional 600 shares during 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 worth $41,000 after purchasing 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. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of MDU Resources Group by 4.1% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,577 shares of the utilities provider's stock worth $324,000 after purchasing an additional 652 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company's stock.

MDU Resources Group Stock Performance

MDU Resources Group stock opened at $19.97 on Monday. The company has a market cap of $4.09 billion, a PE ratio of 21.02, a PEG ratio of 3.68 and a beta of 0.67. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. MDU Resources Group, Inc. has a 1 year low of $15.76 and a 1 year high of $22.98. The company's 50-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 posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $396.56 million. During the same period in the previous year, the firm posted $0.07 earnings per share. MDU Resources Group's revenue for the quarter 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. Equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a $0.145 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.58 annualized dividend and a dividend yield of 2.9%. This is an increase from MDU Resources Group's previous quarterly dividend of $0.14. MDU Resources Group's dividend payout ratio is 61.05%.

Analyst Ratings Changes

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