MDU Resources Group, Inc. (NYSE:MDU) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on MDU Resources, with four holds and three buys. The average 12-month price target is $23.40, above the reported $19.59 share price.
• MDU Resources beat quarterly EPS expectations, reporting $0.10 versus the $0.09 consensus, while revenue rose 6.8% year over year to $375.3 million but fell short of estimates.
• The company increased its quarterly dividend to $0.145 per share, or $0.58 annually, representing an approximately 3.0% yield; institutional investors own 71.44% of the stock.

Shares of MDU Resources Group, Inc. (NYSE:MDU - Get Free Report) have earned an average recommendation of "Hold" from the seven brokerages that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $23.40.

A number of equities analysts have recently weighed in on MDU shares. JPMorgan Chase & Co. raised MDU Resources Group from a "neutral" rating to an "overweight" rating and set a $27.00 target price on the stock in a research report on Thursday, August 6th. Weiss Ratings cut shares of MDU Resources Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, August 28th. TD Cowen boosted their target price on MDU Resources Group to $22.00 and gave the stock a "hold" rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company began coverage on MDU Resources Group in a report on Monday, July 13th. They issued an "overweight" rating and a $25.00 price target on the stock.

Institutional Trading of MDU Resources Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LP lifted its holdings in shares of MDU Resources Group by 25.4% during the 2nd quarter. Corient Private Wealth LP now owns 68,062 shares of the utilities provider's stock worth $1,444,000 after acquiring an additional 13,776 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of MDU Resources Group by 1,915.6% during the 2nd quarter. California State Teachers Retirement System now owns 4,752,185 shares of the utilities provider's stock valued at $100,794,000 after buying an additional 4,516,412 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of MDU Resources Group by 16.1% during the second quarter. HB Wealth Management LLC now owns 11,976 shares of the utilities provider's stock worth $254,000 after acquiring an additional 1,659 shares in the last quarter. Syon Capital LLC purchased a new position in shares of MDU Resources Group during the second quarter worth approximately $236,000. Finally, iSAM Funds UK Ltd bought a new stake in shares of MDU Resources Group in the 2nd quarter worth approximately $910,000. Hedge funds and other institutional investors own 71.44% of the company's stock.

MDU Resources Group Stock Performance

MDU Resources Group stock opened at $19.59 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.99 and a quick ratio of 0.95. MDU Resources Group has a 1 year low of $15.76 and a 1 year high of $22.98. The business has a 50 day moving average of $20.52 and a 200-day moving average of $21.05. The company has a market capitalization of $4.01 billion, a P/E ratio of 20.62, a P/E/G ratio of 3.65 and a beta of 0.67.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. MDU Resources Group had a net margin of 10.75% and a return on equity of 6.89%. The business had revenue of $375.30 million for the quarter, compared to analysts' expectations of $396.56 million. The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, equities research analysts predict that MDU Resources Group will post 0.98 earnings per share for the current year.

MDU Resources Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a $0.145 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.58 dividend on an annualized basis and a yield of 3.0%. This is a boost from MDU Resources Group's previous quarterly dividend of $0.14. MDU Resources Group's dividend payout ratio is presently 61.05%.

About MDU Resources Group

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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