MDU Resources Group - MDU Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MDU Resources Group in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street analysts is that investors should "sell" MDU shares.
View MDU analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued 1-year price targets for MDU Resources Group's shares. Their MDU share price forecasts range from $30.00 to $31.00. On average, they expect the company's share price to reach $30.50 in the next twelve months. This suggests a possible upside of 0.1% from the stock's current price.
View analysts price targets for MDU or view top-rated stocks among Wall Street analysts.

MDU Resources Group's stock was trading at $30.34 at the start of the year. Since then, MDU stock has increased by 0.5% and is now trading at $30.48.
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MDU Resources Group saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 1,990,000 shares, a drop of 45.8% from the February 28th total of 3,670,000 shares. Based on an average daily trading volume, of 869,900 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.0% of the shares of the company are sold short.
View MDU Resources Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our MDU earnings forecast.

MDU Resources Group, Inc. (NYSE:MDU) released its quarterly earnings results on Thursday, February, 9th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.10. The utilities provider earned $1.86 billion during the quarter, compared to the consensus estimate of $1.50 billion. MDU Resources Group had a trailing twelve-month return on equity of 10.99% and a net margin of 5.27%. The company's quarterly revenue was up 28.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 earnings per share.

MDU Resources Group announced a quarterly dividend on Thursday, February 16th. Investors of record on Thursday, March 9th will be paid a dividend of $0.2225 per share on Saturday, April 1st. This represents a $0.89 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, March 8th.
Read our dividend analysis for MDU.

ETFs with the largest weight of MDU Resources Group (NYSE:MDU) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV), First Trust RBA American Industrial RenaissanceTM ETF (AIRR), RiverFront Dynamic US Dividend Advantage ETF (RFDA), 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 2.99%. 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 49.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MDU will have a dividend payout ratio of 43.20% 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 investors include Dimensional Fund Advisors LP (2.58%), Franklin Resources Inc. (2.17%), Barrow Hanley Mewhinney & Strauss LLC (1.58%), Geode Capital Management LLC (1.46%), Norges Bank (0.99%) and River Road Asset Management LLC (0.94%). 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 $30.48.

MDU Resources Group (NYSE:MDU) has a market capitalization of $6.21 billion and generates $6.97 billion in revenue each year. The utilities provider earns $367.49 million in net income (profit) each year or $1.81 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.