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 twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street analysts is that investors should "sell" MDU shares.
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1 analysts have issued 1 year target prices for MDU Resources Group's stock. Their MDU share price forecasts range from $30.00 to $31.00. On average, they predict the company's stock price to reach $30.50 in the next twelve months. This suggests that the stock has a possible downside of 0.3%.
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MDU Resources Group's stock was trading at $30.34 at the beginning of 2023. Since then, MDU stock has increased by 0.9% and is now trading at $30.60.
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MDU Resources Group saw a increase in short interest in the month of December. As of December 15th, there was short interest totaling 2,870,000 shares, an increase of 19.1% from the November 30th total of 2,410,000 shares. Based on an average daily trading volume, of 961,500 shares, the short-interest ratio is presently 3.0 days. Currently, 1.5% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
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MDU Resources Group will be holding an earnings conference call on Thursday, February 9th at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link.

MDU Resources Group, Inc. (NYSE:MDU) announced its earnings results on Thursday, November, 3rd. The utilities provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. The utilities provider earned $1.98 billion during the quarter. MDU Resources Group had a net margin of 5.14% and a trailing twelve-month return on equity of 10.01%.

MDU Resources Group declared a quarterly dividend on Thursday, November 17th. Stockholders of record on Thursday, December 8th will be given a dividend of $0.2225 per share on Sunday, January 1st. This represents a $0.89 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, December 7th. This is a positive change from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for MDU.

MDU Resources Group (NYSE:MDU) pays an annual dividend of $0.89 per share and currently has a dividend yield of 2.91%. 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 53.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MDU will have a dividend payout ratio of 41.78% 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, November, 10th. The company provided earnings per share guidance of $1.75-$1.90 for the period, compared to the consensus estimate of $1.82. 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 investors include Assenagon Asset Management S.A. (0.17%), Barry Investment Advisors LLC (0.11%), Hennessy Advisors Inc. (0.08%), Comerica Bank (0.07%), Yousif Capital Management LLC (0.05%) and Strs Ohio (0.05%). 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 $30.60.

MDU Resources Group (NYSE:MDU) has a market capitalization of $6.22 billion and generates $5.68 billion in revenue each year. The utilities provider earns $378.13 million in net income (profit) each year or $1.66 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.