MDU Resources Group - MDU Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MDU Resources Group in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" MDU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MDU, but not buy additional shares or sell existing shares.
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1 equities research analysts have issued 12 month price targets for MDU Resources Group's shares. Their MDU share price forecasts range from $30.00 to $31.00. On average, they anticipate the company's stock price to reach $30.50 in the next year. This suggests a possible upside of 11.0% from the stock's current price.
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MDU Resources Group's stock was trading at $30.84 at the beginning of the year. Since then, MDU shares have decreased by 10.9% and is now trading at $27.47.
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MDU Resources Group saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,290,000 shares, an increase of 16.3% from the August 31st total of 2,830,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is currently 2.8 days. Approximately 1.7% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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MDU Resources Group, Inc. (NYSE:MDU) posted its quarterly earnings results on Thursday, August, 4th. The utilities provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.16. The utilities provider earned $1.70 billion during the quarter, compared to analyst estimates of $1.48 billion. MDU Resources Group had a net margin of 5.32% and a trailing twelve-month return on equity of 9.74%. MDU Resources Group's revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS.

MDU Resources Group declared a quarterly dividend on Thursday, August 11th. Shareholders of record on Thursday, September 8th will be paid a dividend of $0.2175 per share on Saturday, October 1st. This represents a $0.87 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, September 7th.
Read our dividend analysis for MDU.

MDU Resources Group (NYSE:MDU) pays an annual dividend of $0.87 per share and currently has a dividend yield of 3.12%. The company has been increasing its dividend for 26 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 54.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MDU will have a dividend payout ratio of 41.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MDU.

MDU Resources Group updated its FY 2022 earnings guidance on Thursday, August, 25th. The company provided earnings per share guidance of $1.75-$1.90 for the period, compared to the consensus estimate of $2.01. The company issued revenue guidance of -.

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 retail and institutional investors. Top institutional shareholders include State Street Corp (8.94%), Corvex Management LP (4.29%), Franklin Resources Inc. (2.17%), River Road Asset Management LLC (0.91%), US Bancorp DE (0.87%) and FMR LLC (0.83%). Insiders that own company stock include Daniele Addis, David C Barney, David L Goodin, David M Sparby, Jason L Vollmer, Margaret A Link, 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 $27.47.

MDU Resources Group (NYSE:MDU) has a market capitalization of $5.59 billion and generates $5.68 billion in revenue each year. The utilities provider earns $378.13 million in net income (profit) each year or $1.61 on an earnings per share basis.

The company employs 14,700 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.