Shares of MDU Resources Group, Inc. (NYSE:MDU - Get Free Report) have earned an average rating of "Hold" from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $23.40.
Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of MDU Resources Group from a "neutral" rating to an "overweight" rating and set a $27.00 price objective for the company in a research report on Thursday, August 6th. Wells Fargo & Company began coverage on shares of MDU Resources Group in a report on Monday, July 13th. They issued an "overweight" rating and a $25.00 price target for the company. Finally, Weiss Ratings lowered shares of MDU Resources Group from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, August 28th.
Get Our Latest Stock Report on MDU
MDU Resources Group Stock Up 0.8%
NYSE MDU opened at $18.68 on Wednesday. The firm has a 50-day simple moving average of $19.81 and a 200 day simple moving average of $20.84. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.95 and a current ratio of 0.99. MDU Resources Group has a twelve month low of $17.43 and a twelve month high of $22.98. The stock has a market cap of $3.82 billion, a PE ratio of 19.66, a PEG ratio of 3.42 and a beta of 0.67.
MDU Resources Group (NYSE:MDU - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $375.30 million for the quarter, compared to analyst estimates of $396.56 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The business's revenue for the quarter was up 6.8% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, research analysts forecast that MDU Resources Group will post 0.98 EPS for the current year.
MDU Resources Group Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a $0.1450 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This is a positive change from MDU Resources Group's previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a dividend yield of 3.1%. MDU Resources Group's dividend payout ratio (DPR) is currently 61.05%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in MDU Resources Group in the 2nd quarter valued at approximately $39,000. Allworth Financial LP bought a new stake in shares of MDU Resources Group during the second quarter worth $43,000. Rockefeller Capital Management L.P. grew its stake in shares of MDU Resources Group by 40.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the utilities provider's stock worth $41,000 after buying an additional 605 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of MDU Resources Group during the second quarter worth $55,000. Finally, Global Assets Advisory LLC bought a new position in shares of MDU Resources Group in the 1st quarter valued at $56,000. 71.44% of the stock is owned by institutional investors.
MDU Resources Group Company Profile
(
Get Free Report)
MDU Resources Group, Inc is a regulated utility holding company headquartered in Bismarck, North Dakota. Through its utility subsidiaries, the company generates, transmits and distributes electricity and provides natural gas distribution and related services to residential, commercial, industrial and agricultural customers.
MDU's principal electric utility, Montana-Dakota Utilities Co, serves customers in parts of North Dakota, South Dakota, Montana and Wyoming. Its natural gas operations include Montana-Dakota Utilities, Great Plains Natural Gas Co, Cascade Natural Gas Corp.
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