Oppenheimer Asset Management Inc. Purchases 135,602 Shares of MDU Resources Group, Inc. $MDU

Key Points

• Oppenheimer Asset Management increased its stake in MDU by 604.3% in Q4, buying 135,602 shares to hold 158,043 shares (about 0.08% of the company) valued at roughly $3.09 million.
• Institutional investors now own 71.44% of MDU with recent stake increases from firms like UBS and Jump Financial, and Director Charles M. Kelley purchased 5,000 shares—insiders collectively own about 0.50%.
• Wall Street’s consensus rating is Hold with a $21.25 target; MDU trades near $22.61 (market cap ~$4.63B), pays a $0.14 quarterly dividend (2.5% yield), and has FY2026 EPS guidance of $0.93–1.00 versus analyst expectations of about $0.98.

Oppenheimer Asset Management Inc. raised its stake in MDU Resources Group, Inc. (NYSE:MDU - Free Report) by 604.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,043 shares of the utilities provider's stock after purchasing an additional 135,602 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.08% of MDU Resources Group worth $3,085,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MDU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in MDU Resources Group by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 499,908 shares of the utilities provider's stock valued at $8,453,000 after purchasing an additional 39,978 shares in the last quarter. Quantbot Technologies LP bought a new position in MDU Resources Group in the second quarter valued at approximately $370,000. EverSource Wealth Advisors LLC grew its stake in MDU Resources Group by 56.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 904 shares in the last quarter. Amundi bought a new position in MDU Resources Group in the second quarter valued at approximately $564,000. Finally, Jump Financial LLC grew its stake in MDU Resources Group by 355.9% in the second quarter. Jump Financial LLC now owns 178,703 shares of the utilities provider's stock valued at $2,979,000 after purchasing an additional 139,503 shares in the last quarter. 71.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

MDU Resources Group Stock Performance

NYSE:MDU opened at $22.61 on Monday. The stock has a market cap of $4.63 billion, a P/E ratio of 24.31, a PEG ratio of 4.16 and a beta of 0.70. The stock has a 50 day simple moving average of $21.13 and a 200 day simple moving average of $20.48. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 0.91. MDU Resources Group, Inc. has a 1-year low of $15.76 and a 1-year high of $22.75.

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

MDU Resources Group Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Charles M. Kelley purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, February 13th. The stock was acquired at an average cost of $20.84 per share, with a total value of $104,200.00. Following the acquisition, the director owned 8,031 shares in the company, valued at approximately $167,366.04. This trade represents a 164.96% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

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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