MDUNYSENatural Gas DistributionFiscal year ends December 31
MDU RESOURCES GROUP INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$18.90−0.10 (-0.53%)
Close on Oct 19, 2026
- Market cap
- $4.00B
- P/E (TTM)
- 19.9
- Dividend yield
- 2.86%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
92.3%
194M of 210M shares
Institutional holders
437
68 new, 47 sold out
Net institutional buying
3M
In Q2 2026
Insider trades, 12 months
1 buys · 0 sales
Net bought $104.25K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 25,349,251 | – | 13G (passive) amendment | Oct 31, 2024 |
| Barrow Hanley Mewhinney & Strauss LLC | 13,056,724 | 6.30% | 13G (passive) | Jun 30, 2026 |
| Vanguard Portfolio Management | 12,551,628 | 6.14% | 13G (passive) | Mar 31, 2026 |
| Vanguard Capital Management | 10,768,699 | 5.26% | 13G (passive) | Mar 31, 2026 |
| Dimensional Fund Advisors LP | 10,679,046 | 5.10% | 13G (passive) | Sep 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of MDU | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 27,351,603 | 13.00% | $580.13M | +1,639,555 | 0.01% |
| Barrow Hanley Mewhinney & Strauss LLC | 13,056,724 | 6.21% | $276.93M | −703,443 | 0.84% |
| Vanguard Portfolio Management LLC | 12,692,333 | 6.03% | $269.20M | +165,359 | 0.01% |
| Dimensional Fund Advisors LP | 10,435,060 | 4.96% | $221.33M | +149,313 | 0.04% |
| Earnest Partners LLC | 9,726,856 | 4.62% | $206.31M | −155,024 | 0.74% |
| Vanguard Capital Management LLC | 9,416,562 | 4.48% | $199.73M | +268,676 | 0.00% |
| State Street Corp | 7,376,161 | 3.51% | $157.44M | +385,887 | 0.00% |
| Bank Of America Corp /De/ | 6,089,546 | 2.89% | $129.16M | −112,914 | 0.01% |
| Sei Investments Co | 5,228,758 | 2.49% | $110.90M | −32,668 | 0.10% |
| Morgan Stanley | 4,086,803 | 1.94% | $86.68M | −134,722 | 0.00% |
| Geode Capital Management, LLC | 3,553,438 | 1.69% | $75.40M | +61,998 | 0.00% |
| River Road Asset Management, LLC | 3,403,955 | 1.62% | $72.20M | −673,296 | 0.80% |
| Westwood Holdings Group Inc | 3,221,909 | 1.53% | $68.34M | −320,137 | 0.51% |
| HITE Hedge Asset Management LLC | 3,137,305 | 1.49% | $66.54M | +1,587,305 | 3.64% |
| Norges Bank | 2,633,250 | 1.25% | $55.85M | New | 0.01% |
| T. Rowe Price Investment Management, Inc. | 2,592,793 | 1.23% | $54.99K | +434,249 | 0.04% |
| Bank of New York Mellon Corp | 2,330,719 | 1.11% | $49.43M | −33,116 | 0.01% |
| Charles Schwab Investment Management Inc | 2,236,356 | 1.06% | $47.43M | −28,206 | 0.01% |
| Invesco Ltd. | 2,047,618 | 0.97% | $43.43M | +166,616 | 0.00% |
| Frontier Capital Management Co LLC | 1,987,666 | 0.94% | $42.16M | −518,883 | 0.39% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 437 | 194M | 92.3% | 68 / 157 | 124 / 47 | 16M | 13M |
| Q1 2026 | 421 | 192M | 91.1% | 55 / 163 | 110 / 43 | 40M | 19M |
| Q4 2025 | 415 | 196M | 93.0% | 73 / 153 | 114 / 58 | 49M | 20M |
| Q3 2025 | 406 | 167M | 79.2% | 53 / 137 | 129 / 47 | 21M | 17M |
| Q2 2025 | 406 | 162M | 77.0% | 60 / 140 | 124 / 52 | 14M | 17M |
| Q1 2025 | 402 | 166M | 78.9% | 64 / 130 | 123 / 56 | 19M | 15M |
| Q4 2024 | 399 | 163M | 77.6% | 69 / 157 | 96 / 69 | 34M | 24M |
| Q3 2024 | 404 | 153M | 72.9% | 57 / 131 | 132 / 34 | 29M | 10M |
| Q2 2024 | 385 | 153M | 72.7% | 55 / 121 | 125 / 60 | 17M | 20M |
| Q1 2024 | 392 | 156M | 74.2% | 58 / 118 | 135 / 39 | 19M | 12M |
| Q4 2023 | 375 | 149M | 70.7% | 41 / 117 | 139 / 39 | 15M | 9M |
| Q3 2023 | 377 | 143M | 68.1% | 45 / 120 | 141 / 43 | 16M | 20M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of MDU | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 12,591,989 | 5.99% | $267.08M | 0.24% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 6,642,870 | 3.16% | $140.90M | 0.01% | Jun 30, 2026 |
| Bridge Builder Large Cap Value Fund | 5,119,139 | 2.43% | $108.58M | 0.37% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 4,795,414 | 2.28% | $101.71M | 0.05% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 3,036,388 | 1.44% | $64.40M | 0.09% | Jun 30, 2026 |
| U.S. Small Cap Value Portfolio | 2,440,792 | 1.16% | $48.69M | 0.25% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 2,393,299 | 1.14% | $50.76M | 0.05% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 1,913,140 | 0.91% | $40.58M | 0.24% | Jun 30, 2026 |
| iShares S&P Small-Cap 600 Value ETF | 1,799,302 | 0.86% | $38.16M | 0.48% | Jun 30, 2026 |
| Global X U.S. Infrastructure Development ETF | 1,794,958 | 0.85% | $37.84M | 0.28% | May 31, 2026 |
| Nomura Small Cap Value Fund | 1,618,187 | 0.77% | $34.11M | 0.98% | May 29, 2026 |
| Bridge Builder Tax Managed Large Cap Fund | 1,465,763 | 0.70% | $31.09M | 0.37% | Jun 30, 2026 |
| FPA Queens Road Small Cap Value Fund | 1,358,295 | 0.65% | $28.63M | 2.12% | May 31, 2026 |
| Vanguard Utilities Index Fund | 1,351,505 | 0.64% | $28.49M | 0.27% | May 31, 2026 |
| First Trust Utilities AlphaDEX Fund | 1,328,771 | 0.63% | $26.51M | 3.19% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Nicole A. Kivisto | President & CEO, Director | 564,350 | 0.27% | Feb 19, 2026 |
| Garret Senger | Chief Utilities Officer | 125,187 | 0.06% | Feb 19, 2026 |
| Anthony Donald Foti | CLO & Corporate Secretary | 16,634 | 0.01% | Feb 19, 2026 |
| Dyke A. Boese | CIO | 25,074 | 0.01% | Feb 19, 2026 |
| Anne M. Jones | ChiefHRSafety&AdminOfficer | 129,205 | 0.06% | Feb 19, 2026 |
| Stephanie A. Sievert | ChiefAccntg&RegAffairsOfficer | 92,769 | 0.04% | Feb 19, 2026 |
| Rob L. Johnson | President-WBI | 126,612 | 0.06% | Feb 19, 2026 |
| Jason L. Vollmer | CFO | 333,530 | 0.16% | Feb 19, 2026 |
| Marian M. Durkin | Director | 11,676 | 0.01% | Jul 1, 2026 |
| Vernon A. Dosch | Director | 18,834 | 0.01% | Jul 1, 2026 |
| Charles M. Kelley | Director | 8,031 | 0.00% | Feb 17, 2026 |
| Tammy J. Miller | Director | 6,031 | 0.00% | Nov 14, 2025 |
| Darrel T. Anderson | Director | 17,594 | 0.01% | Nov 14, 2025 |
| Dennis W. Johnson | Director | 188,108 | 0.09% | Nov 14, 2025 |
| Douglas W. Jaeger | Director | 12,726 | 0.01% | Nov 14, 2025 |
| Priti Rashmikant Patel | Director | 4,849 | 0.00% | Nov 14, 2025 |
| Chenxi Wang | Director | 33,691 | 0.02% | Nov 19, 2024 |
| David M. Sparby | Director | 43,463 | 0.02% | Oct 31, 2024 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Marian M. Durkin Director | Jun 30, 2026 | Award | +152 | – | – | 11,676 |
| Vernon A. Dosch Director | Jun 30, 2026 | Award | +1,293 | – | – | 18,834 |
| Vernon A. Dosch Director | Mar 31, 2026 | Award | +1,334 | – | – | 17,464 |
| Marian M. Durkin Director | Mar 31, 2026 | Award | +157 | – | – | 11,524 |
| Stephanie A. Sievert ChiefAccntg&RegAffairsOfficer | Feb 18, 2026 | Tax withholding | −10,438 | $20.36 | $212.52K | 90,503 |
| Rob L. Johnson President-WBI | Feb 18, 2026 | Tax withholding | −10,630 | $20.36 | $216.43K | 82,665 |
| Garret Senger Chief Utilities Officer | Feb 18, 2026 | Tax withholding | −8,167 | $20.36 | $166.28K | 100,048 |
| Jason L. Vollmer CFO | Feb 18, 2026 | Tax withholding | −36,766 | $20.36 | $748.56K | 324,976 |
| Anne M. Jones ChiefHRSafety&AdminOfficer | Feb 18, 2026 | Tax withholding | −12,010 | $20.36 | $244.52K | 118,017 |
| Nicole A. Kivisto President & CEO, Director | Feb 18, 2026 | Tax withholding | −35,668 | $20.36 | $726.20K | 547,962 |
| Anthony Donald Foti CLO & Corporate Secretary | Feb 17, 2026 | Award | +8,161 | – | – | 16,634 |
| Stephanie A. Sievert ChiefAccntg&RegAffairsOfficer | Feb 17, 2026 | Award | +4,544 | – | – | 100,941 |
| Rob L. Johnson President-WBI | Feb 17, 2026 | Award | +5,830 | – | – | 93,295 |
| Dyke A. Boese CIO | Feb 17, 2026 | Award | +3,702 | – | – | 7,084 |
| Garret Senger Chief Utilities Officer | Feb 17, 2026 | Award | +6,920 | – | – | 108,215 |
| Jason L. Vollmer CFO | Feb 17, 2026 | Award | +15,229 | – | – | 361,742 |
| Anne M. Jones ChiefHRSafety&AdminOfficer | Feb 17, 2026 | Award | +5,523 | – | – | 130,027 |
| Nicole A. Kivisto President & CEO, Director | Feb 17, 2026 | Award | +45,037 | – | – | 583,630 |
| Charles M. Kelley Director | Feb 13, 2026 | Buy | +5,000 | $20.85 | $104.25K | 8,031 |
| Marian M. Durkin Director | Dec 31, 2025 | Award | +164 | – | – | 11,367 |
| Vernon A. Dosch Director | Dec 31, 2025 | Award | +1,394 | – | – | 16,130 |
| Darrel T. Anderson Director | Nov 13, 2025 | Award | +8,082 | – | – | 17,594 |
| Priti Rashmikant Patel Director | Nov 13, 2025 | Award | +4,849 | – | – | 4,849 |
| Dennis W. Johnson Director | Nov 13, 2025 | Award | +7,779 | – | – | 187,945 |
| Vernon A. Dosch Director | Nov 13, 2025 | Award | +7,274 | – | – | 14,736 |
| Marian M. Durkin Director | Nov 13, 2025 | Award | +7,274 | – | – | 11,203 |
| Tammy J. Miller Director | Nov 13, 2025 | Award | +3,031 | – | – | 6,031 |
| Charles M. Kelley Director | Nov 13, 2025 | Award | +3,031 | – | – | 3,031 |
| Douglas W. Jaeger Director | Nov 13, 2025 | Award | +7,274 | – | – | 12,726 |
| Marian M. Durkin Director | Sep 30, 2025 | Award | +182 | – | – | 3,929 |
| Vernon A. Dosch Director | Sep 30, 2025 | Award | +1,541 | – | – | 7,462 |
| Jason L. Vollmer CFO | Sep 8, 2025 | Buy | +5,000 | $16.08 | $80.40K | 344,548 |
| Jason L. Vollmer CFO | Aug 19, 2025 | Buy | +5,000 | $16.28 | $81.40K | 339,548 |
| Marian M. Durkin Director | Jun 30, 2025 | Award | +175 | – | – | 3,747 |
| Vernon A. Dosch Director | Jun 30, 2025 | Award | +1,658 | – | – | 5,921 |
| Dyke A. Boese CIO | May 15, 2025 | Discretionary | +7,748.65 | $16.99 | $131.65K | 17,274 |
| Vernon A. Dosch Director | Mar 31, 2025 | Award | +1,650 | – | – | 4,263 |
| Marian M. Durkin Director | Mar 31, 2025 | Award | +165 | – | – | 3,572 |
| Anne M. Jones ChiefHRAdmin&SafetyOfficer | Feb 12, 2025 | Award | +6,026 | – | – | 135,282 |
| Anne M. Jones ChiefHRAdmin&SafetyOfficer | Feb 12, 2025 | Tax withholding | −10,778 | $16.83 | $181.39K | 124,504 |
| Garret Senger Chief Utilities Officer | Feb 12, 2025 | Tax withholding | −7,470 | $16.83 | $125.72K | 101,295 |
| Garret Senger Chief Utilities Officer | Feb 12, 2025 | Award | +7,514 | – | – | 108,765 |
| Dyke A. Boese CIO | Feb 12, 2025 | Award | +3,382 | – | – | 3,382 |
| Stephanie A. Sievert ChiefAccntg&RegAffairsOfficer | Feb 12, 2025 | Tax withholding | −9,506 | $16.83 | $159.99K | 96,333 |
| Stephanie A. Sievert ChiefAccntg&RegAffairsOfficer | Feb 12, 2025 | Award | +4,974 | – | – | 105,839 |
| Anthony Donald Foti CLO & Corporate Secretary | Feb 12, 2025 | Award | +8,473 | – | – | 8,473 |
| Jason L. Vollmer CFO | Feb 12, 2025 | Award | +16,700 | – | – | 363,118 |
| Jason L. Vollmer CFO | Feb 12, 2025 | Tax withholding | −30,429 | $16.83 | $512.12K | 332,689 |
| Rob L. Johnson President-WBI | Feb 12, 2025 | Tax withholding | −6,778 | $16.83 | $114.07K | 87,465 |
| Rob L. Johnson President-WBI | Feb 12, 2025 | Award | +5,785 | – | – | 94,243 |
| Nicole A. Kivisto President & CEO, Director | Feb 12, 2025 | Tax withholding | −30,316 | $16.83 | $510.22K | 538,093 |
| Nicole A. Kivisto President & CEO, Director | Feb 12, 2025 | Award | +45,969 | – | – | 568,409 |
| Dennis W. Johnson Director | Feb 10, 2025 | Buy | +30,000 | $16.64 | $499.20K | 180,166 |
| Vernon A. Dosch Director | Nov 15, 2024 | Award | +1,363 | – | – | 2,613 |
| Marian M. Durkin Director | Nov 15, 2024 | Award | +3,407 | – | – | 3,407 |
| Douglas W. Jaeger Director | Nov 15, 2024 | Award | +5,452 | – | – | 5,452 |
| Chenxi Wang Director | Nov 15, 2024 | Award | +8,178 | – | – | 33,691 |
| Dennis W. Johnson Director | Nov 15, 2024 | Award | +9,541 | – | – | 150,166 |
| Darrel T. Anderson Director | Nov 15, 2024 | Award | +8,178 | – | – | 9,512 |
| Rob L. Johnson President-WBI Holdings | May 7, 2024 | Buy | +36,291.05 | $25.46 | $923.97K | 41,934 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.