MDU Resources Group, Inc. engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines. Its Natural Gas Distribution segment distributes natural gas for residential, commercial, and industrial customers in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming; and offers supply-related value-added services. The company's Pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions; and cathodic protection and other energy-related services. Its Construction Materials and Contracting segment mines, processes, and sells construction aggregates; produces and sells asphalt mix; and supplies ready-mixed concrete. This segment is also involved in the sale of cement, finished concrete products, and other building materials and related contracting services. The company's Construction Services segment designs, constructs, and maintains electrical and communication wiring and infrastructure, fire suppression systems, mechanical piping and services; overhead and underground electrical, gas, and communication infrastructure; and manufactures and distributes transmission lines construction equipment. It serves manufacturing, commercial, industrial, transportation, institutional, and renewable and government customers, as well as utilities. The company was founded in 1924 and is headquartered in Bismarck, North Dakota.
MDU Resources Group Price Performance
MDU Stock traded up $0.49 on Tuesday, reaching $29.56. The company had a trading volume of 1,542,215 shares, compared to its average volume of 1,531,364. MDU Resources Group has a 1 year low of $24.92 and a 1 year high of $33.34. The company has a market cap of $6.01 billion, a P/E ratio of 18.06, a PEG ratio of 2.30 and a beta of 0.75. The company's fifty day moving average is $27.21 and its 200 day moving average is $26.99. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.02 and a current ratio of 1.35.
MDU Resources Group (NYSE:MDU - Get Rating) last released its quarterly earnings data on Thursday, August 4th. The utilities provider reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.16). The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.48 billion. MDU Resources Group had a return on equity of 9.76% and a net margin of 5.32%. The company's quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 earnings per share. On average, research analysts forecast that MDU Resources Group will post 1.85 earnings per share for the current year.
MDU Resources Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Thursday, June 9th were issued a dividend of $0.2175 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.94%. MDU Resources Group's payout ratio is 54.04%.
Wall Street Analyst Weigh In
Separately, Bank of America lowered MDU Resources Group from a "buy" rating to a "neutral" rating and upped their target price for the company from $29.00 to $30.00 in a research note on Friday.