MDU Resources Group (NYSE:MDU) Upgraded at JPMorgan Chase & Co.

Key Points

• JPMorgan upgraded MDU Resources Group from “neutral” to “overweight” and set a $27 price target, implying approximately 29.6% upside from the reported $20.84 share price.
• Analyst sentiment remains mixed overall: MDU has three Buy and four Hold ratings, with an average rating of “Hold” and an average price target of $23.40.
• MDU reported quarterly EPS of $0.10, slightly above the $0.09 consensus estimate, while revenue of $375.2 million came in below expectations but increased 6.8% year over year.

MDU Resources Group (NYSE:MDU - Get Free Report) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report released on Thursday, MarketBeat.com reports. The firm presently has a $27.00 target price on the utilities provider's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 29.56% from the stock's current price.

Several other analysts have also recently weighed in on the company. TD Cowen boosted their price target on MDU Resources Group to $22.00 and gave the stock a "hold" rating in a report on Friday, May 15th. 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 objective for the company. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of MDU Resources Group in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $23.40.

MDU Resources Group Price Performance

NYSE MDU traded up $0.82 during trading on Thursday, hitting $20.84. 1,821,002 shares of the company's stock were exchanged, compared to its average volume of 1,773,161. The company has a current ratio of 0.78, a quick ratio of 0.75 and a debt-to-equity ratio of 0.82. The company has a market cap of $4.27 billion, a PE ratio of 22.66, a P/E/G ratio of 3.72 and a beta of 0.67. MDU Resources Group has a fifty-two week low of $15.76 and a fifty-two week high of $22.98. The stock's 50 day moving average price is $20.95 and its two-hundred day moving average price is $21.11.

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. The company had revenue of $375.20 million for the quarter, compared to analyst estimates of $396.56 million. MDU Resources Group had a net margin of 10.47% and a return on equity of 6.82%. The firm's revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Research analysts expect that MDU Resources Group will post 0.98 EPS for the current year.

Institutional Investors Weigh In On MDU Resources Group

A number of institutional investors have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new position in MDU Resources Group in the fourth quarter worth $27,000. Geneos Wealth Management Inc. lifted its stake in MDU Resources Group by 94.5% in the second 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. Caitong International Asset Management Co. Ltd raised its stake in shares of MDU Resources Group by 6,404.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider's stock valued at $27,000 after buying an additional 1,473 shares during the period. Global Retirement Partners LLC lifted its position in shares of MDU Resources Group by 13,185.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider's stock valued at $36,000 after buying an additional 1,846 shares during the last quarter. Finally, McMillan Office Inc. bought a new stake in MDU Resources Group in the 4th quarter valued at about $40,000. 71.44% of the stock is owned by institutional investors.

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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