Barrow Hanley Mewhinney & Strauss LLC has filed a Schedule 13G with the SEC, revealing that it holds a significant stake in MDU Resources Group Inc. This filing, dated November 12, 2026, indicates that Barrow Hanley beneficially owns 12,975,774 shares of MDU Resources, representing approximately 6.2% of the company's common stock. This substantial investment underscores Barrow Hanley's strategic focus on the natural gas distribution sector.

MDU Resources Group Inc., based in Bismarck, North Dakota, operates primarily in the energy and transportation sectors. The company is categorized under the SIC code for natural gas distribution. It has undergone several transformations, including a name change from Montana Dakota Utilities Co. in 1985. MDU Resources is known for its commitment to providing energy solutions and services to its customers.

The filing details that Barrow Hanley holds 8,810,417 shares with sole voting power and 4,165,357 shares with shared voting power. The firm has complete dispositive power over all of its holdings in MDU Resources. The filing states, "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities." This indicates that Barrow Hanley's investment is primarily for financial purposes rather than seeking control over MDU Resources.

This move by Barrow Hanley may have implications for the natural gas distribution industry, as it reflects a growing interest in energy investments amid ongoing market changes. With energy demand fluctuating and regulatory pressures increasing, firms like Barrow Hanley are positioning themselves strategically to capitalize on opportunities within this sector.

As for what’s next, the filing does not specify any further actions or upcoming filings related to this investment. However, the continued monitoring of MDU Resources by Barrow Hanley could indicate further engagement in the future.