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

Key Points

• Analysts have a consensus “Hold” rating on MDU Resources Group, with four holds and three buys among seven analysts. The average 12-month price target is $23.40, above the stock’s reported $20.32 price.
• Recent analyst actions were mixed but generally constructive: JPMorgan and Wells Fargo assigned “overweight” ratings, while TD Cowen and Weiss Ratings maintained “hold” recommendations.
• MDU’s institutional ownership stands at 71.44%, and the company pays a quarterly dividend of $0.14, or $0.56 annually, representing a 2.8% yield and a 58.95% payout ratio.

MDU Resources Group, Inc. (NYSE:MDU - Get Free Report) has received an average recommendation of "Hold" from the seven analysts that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $23.40.

MDU has been the topic of a number of recent research reports. 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 note on Thursday, August 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of MDU Resources Group in a research report on Wednesday, July 8th. TD Cowen upped their price target on shares of MDU Resources Group to $22.00 and gave the stock a "hold" rating in a research note on Friday, May 15th. Finally, Wells Fargo & Company began coverage on shares of MDU Resources Group in a research report on Monday, July 13th. They set an "overweight" rating and a $25.00 price objective on the stock.

Institutional Investors Weigh In On MDU Resources Group

A number of institutional investors have recently made changes to their positions in MDU. Flagship Harbor Advisors LLC purchased a new position in MDU Resources Group in the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd boosted its stake in MDU Resources Group by 6,404.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 1,473 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in MDU Resources Group by 94.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 800 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of MDU Resources Group in the 2nd quarter worth $39,000. Finally, Global Retirement Partners LLC increased its holdings in shares of MDU Resources Group by 13,185.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider's stock worth $36,000 after purchasing an additional 1,846 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company's stock.

MDU Resources Group Stock Down 1.1%

MDU stock opened at $20.32 on Tuesday. The business has a 50 day moving average of $20.92 and a 200 day moving average of $21.10. The firm has a market cap of $4.16 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 3.80 and a beta of 0.67. MDU Resources Group has a twelve month low of $15.76 and a twelve month high of $22.98. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.88.

MDU Resources Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, June 11th. MDU Resources Group's dividend payout ratio is currently 58.95%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source