Long-Term Returns of Keith Meister’s 5 Activist Targets

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1. MDU Resources Group, Inc. (NYSE:MDU

Long Term Returns: 0.9%
S&P 500 Returns: 7.15%
Activist Investment:  2022

MDU Resources Group, Inc. (NYSE:MDU) is a company that engages in regulated energy delivery and construction material and services in the United States. The company has five segments that it operates in: Electric, Natural Gas Distribution, Pipeline, Construction Materials and Contracting, and Construction Services.

Meister took a 5% stake in MDU Resources Group, Inc. (NYSE:MDU) in August 2022 while reiterating that the stock was highly undervalued. With the investment, he discussed strategic options, including changes to the board and management and other measures that can help improve the company’s valuation.

The activist investor is believed to be behind the announcement that the company will separate its material unit Knife River Corporation into a separate public company. Corvex has already termed the plan a positive first step even as it engages in other plans to enhance the company’s earnings potential. Since Meister initiated a position in the company, MDU Resources Group, Inc. (NYSE:MDU) has been down by about 29%.

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