Citigroup Boosts Stake in MDU Resources Group

Institutional investor increases holdings in utility company by over 36%

Published on Mar. 6, 2026

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Citigroup Inc. has increased its stake in MDU Resources Group, Inc. (NYSE:MDU) by 36.7% during the third quarter, according to the company's recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor now owns 178,904 shares of the utilities provider's stock, worth approximately $3.2 million.

Why it matters

This transaction highlights Citigroup's confidence in MDU Resources Group's long-term prospects as a diversified energy and services company. The increase in institutional ownership could signal growing investor interest in the stock.

The details

Citigroup acquired an additional 48,006 shares of MDU Resources Group during the third quarter, bringing its total holdings to 178,904 shares. This represents about 0.09% of the company's outstanding stock. Other institutional investors have also been adding to or reducing their stakes in MDU Resources Group in recent quarters.

  • Citigroup increased its stake in MDU Resources Group during the third quarter of 2026.

The players

Citigroup Inc.

A multinational investment bank and financial services corporation headquartered in New York City.

MDU Resources Group, Inc.

A diversified energy and services holding company headquartered in Bismarck, North Dakota, that provides electric and natural gas distribution services across the upper Midwest and Pacific Northwest.

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The takeaway

Citigroup's increased investment in MDU Resources Group suggests the institutional investor sees long-term value in the utility company's diversified business model and growth prospects. This transaction could signal broader market confidence in MDU Resources Group's ability to navigate industry challenges and deliver returns for shareholders.