MDU Resources Group (MDU) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MDU Resources Group in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MDU shares.
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1 Wall Street analysts have issued 12 month price targets for MDU Resources Group's stock. Their MDU share price forecasts range from $30.00 to $31.00. On average, they expect the company's stock price to reach $30.50 in the next twelve months. This suggests a possible upside of 46.4% from the stock's current price.
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MDU Resources Group's stock was trading at $30.34 at the beginning of the year. Since then, MDU stock has decreased by 31.3% and is now trading at $20.83.
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MDU Resources Group saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,160,000 shares, an increase of 100.0% from the April 30th total of 1,580,000 shares. Based on an average daily volume of 1,030,000 shares, the short-interest ratio is presently 3.1 days. Approximately 1.6% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our MDU earnings forecast.

MDU Resources Group, Inc. (NYSE:MDU) posted its quarterly earnings results on Thursday, May, 4th. The utilities provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The utilities provider earned $1.74 billion during the quarter, compared to analyst estimates of $1.38 billion. MDU Resources Group had a trailing twelve-month return on equity of 11.25% and a net margin of 5.13%. The company's revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS.

MDU Resources Group declared a quarterly dividend on Thursday, May 4th. Investors of record on Tuesday, June 13th will be given a dividend of $0.2225 per share on Saturday, July 1st. This represents a $0.89 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Monday, June 12th.
Read our dividend analysis for MDU.

ETFs with the largest weight of MDU Resources Group (NYSE:MDU) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), LeaderShares Activist Leaders ETF (ACTV), First Trust RBA American Industrial Renaissance ETF (AIRR), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Invesco DWA Utilities Momentum ETF (PUI), Invesco S&P MidCap Low Volatility ETF (XMLV), SPDR S&P Dividend ETF (SDY) and Invesco S&P MidCap Value with Momentum ETF (XMVM).

MDU Resources Group (NYSE:MDU) pays an annual dividend of $0.89 per share and currently has a dividend yield of 4.23%. MDU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 48.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MDU will have a dividend payout ratio of 63.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MDU.

10 employees have rated MDU Resources Group Chief Executive Officer Terry D. Hildestad on Glassdoor.com. Terry D. Hildestad has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other MDU Resources Group investors own include AT&T (T), Johnson & Johnson (JNJ), AbbVie (ABBV), Verizon Communications (VZ), Altria Group (MO), Pfizer (PFE), Cisco Systems (CSCO), Exxon Mobil (XOM), Enterprise Products Partners (EPD) and General Electric (GE).

MDU Resources Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "MDU."

MDU Resources Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.24%), State Street Corp (7.65%), Dimensional Fund Advisors LP (2.42%), Franklin Resources Inc. (2.07%), Barrow Hanley Mewhinney & Strauss LLC (1.62%) and FMR LLC (1.62%). Insiders that own company stock include Daniele Addis, David M Sparby, Nicole A Kivisto and Thomas S Everist.
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Shares of MDU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MDU stock can currently be purchased for approximately $20.83.

MDU Resources Group (NYSE:MDU) has a market capitalization of $4.24 billion and generates $6.97 billion in revenue each year. The utilities provider earns $367.49 million in net income (profit) each year or $1.84 on an earnings per share basis.

The company employs 14,929 workers across the globe.

MDU Resources Group's mailing address is 1200 WEST CENTURY AVENUE P.O. Box 5650, BISMARCK ND, 58506. The official website for the company is www.mdu.com. The utilities provider can be reached via phone at (701) 530-1000, via email at investor@mduresources.com, or via fax at 701-222-7606.