MDU Resources Group (NYSE:MDU) Hits New 12-Month High - What's Next?

MDU Resources Group, Inc. (NYSE:MDU - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $22.83 and last traded at $22.4650, with a volume of 1567534 shares. The stock had previously closed at $22.53.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MDU shares. Citigroup reissued a "neutral" rating on shares of MDU Resources Group in a research report on Thursday, January 15th. JPMorgan Chase & Co. started coverage on shares of MDU Resources Group in a research report on Thursday, April 16th. They set a "neutral" rating and a $22.00 target price on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of MDU Resources Group in a research report on Friday, April 10th. Finally, Loop Capital set a $21.00 target price on shares of MDU Resources Group in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, MDU Resources Group presently has a consensus rating of "Hold" and a consensus target price of $21.25.

MDU Resources Group Stock Performance

The company's 50-day simple moving average is $21.18 and its 200 day simple moving average is $20.50. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 0.91. The stock has a market cap of $4.60 billion, a P/E ratio of 24.16, a PEG ratio of 4.15 and a beta of 0.70.

MDU Resources Group (NYSE:MDU - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. MDU Resources Group had a net margin of 10.15% and a return on equity of 6.98%. The company had revenue of $534.00 million during the quarter, compared to analyst estimates of $560.72 million. During the same quarter last year, the business posted $0.90 EPS. MDU Resources Group's quarterly revenue was down .3% compared to the same quarter last year. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. As a group, sell-side analysts expect that MDU Resources Group, Inc. will post 0.98 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, March 12th. This represents a $0.56 annualized dividend and a dividend yield of 2.5%. MDU Resources Group's dividend payout ratio (DPR) is presently 60.22%.

Insider Activity

In related news, Director Charles M. Kelley purchased 5,000 shares of the firm's stock in a transaction dated Friday, February 13th. The stock was bought at an average price of $20.84 per share, for a total transaction of $104,200.00. Following the purchase, the director directly owned 8,031 shares in the company, valued at approximately $167,366.04. This trade represents a 164.96% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MDU Resources Group

Several large investors have recently modified their holdings of the stock. Smith Moore & CO. increased its stake in shares of MDU Resources Group by 4.3% during the 4th quarter. Smith Moore & CO. now owns 12,855 shares of the utilities provider's stock worth $251,000 after purchasing an additional 535 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of MDU Resources Group by 2.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 22,414 shares of the utilities provider's stock worth $408,000 after purchasing an additional 540 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of MDU Resources Group by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 2,748 shares of the utilities provider's stock worth $54,000 after purchasing an additional 556 shares during the last quarter. Koshinski Asset Management Inc. increased its stake in shares of MDU Resources Group by 5.3% during the 3rd quarter. Koshinski Asset Management Inc. now owns 11,098 shares of the utilities provider's stock worth $198,000 after purchasing an additional 560 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its stake in MDU Resources Group by 2.2% in the 4th quarter. Arkadios Wealth Advisors now owns 26,867 shares of the utilities provider's stock valued at $524,000 after buying an additional 587 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company's stock.

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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