MDU Resources Group (NYSE:MDU – Get Free Report) was upgraded by Wells Fargo & Company to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.
A number of other research analysts have also weighed in on MDU. Weiss Ratings reissued a “hold (c)” rating on shares of MDU Resources Group in a report on Wednesday, July 8th. JPMorgan Chase & Co. initiated coverage on MDU Resources Group in a report on Thursday, April 16th. They set a “neutral” rating and a $22.00 price target for the company. Finally, TD Cowen lifted their price objective on shares of MDU Resources Group to $22.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.40.
Check Out Our Latest Analysis on MDU
MDU Resources Group Trading Up 1.5%
MDU Resources Group (NYSE:MDU – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). MDU Resources Group had a net margin of 10.47% and a return on equity of 6.82%. The business had revenue of $605.98 million during the quarter, compared to the consensus estimate of $688.34 million. During the same quarter in the prior year, the company earned $0.40 EPS. MDU Resources Group’s quarterly revenue was down 10.2% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Analysts expect that MDU Resources Group will post 0.98 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MDU. Alpine Global Management LLC bought a new position in MDU Resources Group during the third quarter worth about $2,216,000. Perpetual Ltd acquired a new stake in MDU Resources Group in the 4th quarter worth about $22,031,000. Phocas Financial Corp. acquired a new stake in MDU Resources Group in the 4th quarter worth about $4,102,000. Comerica Bank boosted its holdings in MDU Resources Group by 22.3% in the 4th quarter. Comerica Bank now owns 243,107 shares of the utilities provider’s stock valued at $4,745,000 after purchasing an additional 44,316 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in MDU Resources Group by 490.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 294,629 shares of the utilities provider’s stock valued at $5,751,000 after purchasing an additional 244,733 shares during the period. 71.44% of the stock is owned by institutional investors and hedge funds.
MDU Resources Group Company Profile
MDU Resources Group, Inc is a diversified energy and services holding company headquartered in Bismarck, North Dakota. The company operates through two primary segments: Utilities and Construction Services and Pipelines & Midstream. Serving a broad geographic footprint across the upper Midwest and Pacific Northwest, MDU provides essential energy distribution and infrastructure services to residential, commercial and industrial customers.
The Utilities segment delivers electric and natural gas distribution services in Montana, North Dakota, South Dakota, Minnesota, Kansas, Wisconsin, Michigan and Washington.
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