MDU Resources Group, Inc. (NYSE:MDU – Get Free Report) has received a consensus recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $23.75.
A number of brokerages recently weighed in on MDU. JPMorgan Chase & Co. raised shares of MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 price target for the company in a report on Thursday, August 6th. Weiss Ratings downgraded MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, October 21st. Finally, Wells Fargo & Company initiated coverage on MDU Resources Group in a research note on Monday, July 13th. They issued an “overweight” rating and a $25.00 target price on the stock.
Check Out Our Latest Research Report on MDU Resources Group
Institutional Trading of MDU Resources Group
A number of large investors have recently made changes to their positions in the company. Arkadios Wealth Advisors increased its holdings in shares of MDU Resources Group by 1.7% in the first quarter. Arkadios Wealth Advisors now owns 27,316 shares of the utilities provider’s stock worth $566,000 after acquiring an additional 449 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in MDU Resources Group by 40.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 605 shares during the period. Private Advisor Group LLC grew its position in shares of MDU Resources Group by 0.9% during the 1st quarter. Private Advisor Group LLC now owns 70,442 shares of the utilities provider’s stock worth $1,460,000 after purchasing an additional 612 shares in the last quarter. BOKF NA grew its position in shares of MDU Resources Group by 0.5% during the 3rd quarter. BOKF NA now owns 114,975 shares of the utilities provider’s stock worth $2,132,000 after purchasing an additional 625 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of MDU Resources Group by 0.9% during the 1st quarter. D.A. Davidson & CO. now owns 77,537 shares of the utilities provider’s stock worth $1,607,000 after purchasing an additional 658 shares in the last quarter. Institutional investors own 71.44% of the company’s stock.
MDU Resources Group Stock Performance
Shares of NYSE MDU opened at $19.72 on Friday. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 3.64 and a beta of 0.66. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. MDU Resources Group has a one year low of $18.24 and a one year high of $22.98. The business has a fifty day simple moving average of $19.14 and a 200 day simple moving average of $20.57.
MDU Resources Group (NYSE:MDU – Get Free Report) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $375.30 million for the quarter, compared to the consensus estimate of $396.56 million. MDU Resources Group had a net margin of 10.75% and a return on equity of 6.89%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Sell-side analysts expect that MDU Resources Group will post 0.98 EPS for the current year.
MDU Resources Group Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid a dividend of $0.1450 per share. This represents a $0.58 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, September 10th. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.14. MDU Resources Group’s payout ratio is 61.05%.
MDU Resources Group Company Profile
MDU Resources Group, Inc is a regulated energy delivery company headquartered in Bismarck, North Dakota. Through its utility and pipeline businesses, the company provides electric and natural gas services to residential, commercial, industrial and institutional customers.
Montana-Dakota Utilities operates electric generation, transmission and distribution systems, as well as natural gas distribution networks, across parts of North Dakota, South Dakota, Montana and Wyoming. Great Plains Natural Gas provides natural gas service in portions of Minnesota.
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