Vaughan Nelson Investment Management L.P. Invests $52.46 Million in MDU Resources Group, Inc. $MDU

by · The Cerbat Gem

Vaughan Nelson Investment Management L.P. acquired a new stake in MDU Resources Group, Inc. (NYSE:MDU – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,531,705 shares of the utilities provider’s stock, valued at approximately $52,457,000. Vaughan Nelson Investment Management L.P. owned 1.24% of MDU Resources Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MDU. Vanguard Group Inc. increased its stake in MDU Resources Group by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 23,828,483 shares of the utilities provider’s stock valued at $465,132,000 after acquiring an additional 571,015 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of 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 acquiring an additional 3,766,737 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of MDU Resources Group by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,031,797 shares of the utilities provider’s stock valued at $195,824,000 after purchasing an additional 267,700 shares during the last quarter. Earnest Partners LLC grew its holdings in MDU Resources Group by 678.2% during the 4th quarter. Earnest Partners LLC now owns 9,946,196 shares of the utilities provider’s stock worth $194,150,000 after acquiring an additional 8,668,137 shares during the period. Finally, State Street Corp increased its holdings in MDU Resources Group by 4.1% in the fourth quarter. State Street Corp now owns 7,121,385 shares of the utilities provider’s stock valued at $139,991,000 after purchasing an additional 281,025 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

MDU Resources Group Stock Down 0.1%

MDU stock opened at $21.27 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.78 and a quick ratio of 0.75. The stock has a market capitalization of $4.35 billion, a P/E ratio of 23.12, a P/E/G ratio of 3.94 and a beta of 0.66. MDU Resources Group, Inc. has a fifty-two week low of $15.76 and a fifty-two week high of $22.98. The business has a 50-day moving average of $21.78 and a 200-day moving average of $20.84.

MDU Resources Group (NYSE:MDU – Get Free Report) last announced its earnings results on Thursday, May 7th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). MDU Resources Group had a net margin of 10.47% and a return on equity of 6.82%. The firm had revenue of $605.98 million during the quarter, compared to analyst estimates of $688.34 million. During the same period in the prior year, the business posted $0.40 EPS. The firm’s quarterly revenue was down 10.2% 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 anticipate that MDU Resources Group, Inc. will post 0.98 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.56 annualized dividend and a yield of 2.6%. MDU Resources Group’s dividend payout ratio is presently 60.87%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MDU. Loop Capital set a $21.00 price objective on MDU Resources Group in a research note on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of MDU Resources Group in a report on Friday, April 10th. TD Cowen boosted their price objective on MDU Resources Group to $22.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. initiated coverage on MDU Resources Group in a research note on Thursday, April 16th. They set a “neutral” rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $21.75.

Get Our Latest Report on MDU

MDU Resources Group Profile

(Free Report)

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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