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 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" MDU shares.
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1 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 share price to reach $30.50 in the next year. This suggests that the stock has a possible downside of 3.0%.
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MDU Resources Group's stock was trading at $30.84 at the beginning of 2022. Since then, MDU shares have increased by 2.0% and is now trading at $31.45.
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MDU Resources Group saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 2,970,000 shares, a decrease of 27.6% from the October 31st total of 4,100,000 shares. Based on an average daily volume of 961,400 shares, the days-to-cover ratio is presently 3.1 days. Approximately 1.5% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our MDU earnings forecast.

MDU Resources Group, Inc. (NYSE:MDU) posted its earnings results on Wednesday, November, 3rd. The utilities provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.82 by $0.14. The utilities provider earned $1.59 billion during the quarter. MDU Resources Group had a trailing twelve-month return on equity of 10.01% and a net margin of 5.14%. During the same quarter in the previous year, the company posted $0.76 earnings per share.

MDU Resources Group announced a quarterly dividend on Thursday, November 17th. Investors of record on Thursday, December 8th will be paid a dividend of $0.2225 per share on Sunday, January 1st. This represents a $0.89 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Wednesday, December 7th. This is an increase 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 $0.87 per share and currently has a dividend yield of 2.76%. 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 52.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MDU will have a dividend payout ratio of 40.85% 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 EPS guidance of $1.75-$1.90 for the period, compared to the consensus EPS 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.66%), BlackRock Inc. (8.94%), State Street Corp (8.28%), Dimensional Fund Advisors LP (2.51%), Barrow Hanley Mewhinney & Strauss LLC (1.73%) and Bank of New York Mellon Corp (1.58%). 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 $31.45.

MDU Resources Group (NYSE:MDU) has a market capitalization of $6.40 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.