MDU Resources Group, Inc. (NYSE:MDU) Given Consensus Rating of “Hold” by Brokerages

by · The Markets Daily

MDU Resources Group, Inc. (NYSE:MDU – Get Free Report) has been assigned an average rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $21.00.

MDU has been the topic of several analyst reports. Zacks Research downgraded MDU Resources Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Wall Street Zen lowered shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Jefferies Financial Group boosted their target price on shares of MDU Resources Group to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Cowen began coverage on shares of MDU Resources Group in a research note on Wednesday, October 15th. They issued a “hold” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of MDU Resources Group in a research note on Monday.

Check Out Our Latest Report on MDU Resources Group

Insider Activity at MDU Resources Group

In other MDU Resources Group news, CFO Jason L. Vollmer purchased 5,000 shares of MDU Resources Group stock in a transaction that occurred on Monday, September 8th. The stock was purchased at an average price of $16.07 per share, with a total value of $80,350.00. Following the completion of the acquisition, the chief financial officer owned 344,548 shares of the company’s stock, valued at approximately $5,536,886.36. This trade represents a 1.47% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On MDU Resources Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. acquired a new stake in shares of MDU Resources Group in the 2nd quarter valued at about $1,646,000. Cascade Investment Advisors Inc. increased its holdings in MDU Resources Group by 19.0% in the second quarter. Cascade Investment Advisors Inc. now owns 99,381 shares of the utilities provider’s stock valued at $1,657,000 after buying an additional 15,900 shares during the last quarter. Leuthold Group LLC increased its holdings in MDU Resources Group by 11.3% in the second quarter. Leuthold Group LLC now owns 202,649 shares of the utilities provider’s stock valued at $3,378,000 after buying an additional 20,553 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in MDU Resources Group by 157.0% during the second quarter. Envestnet Asset Management Inc. now owns 212,933 shares of the utilities provider’s stock valued at $3,550,000 after buying an additional 130,073 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in MDU Resources Group by 103.1% during the 1st quarter. Millennium Management LLC now owns 1,343,979 shares of the utilities provider’s stock worth $22,727,000 after buying an additional 682,098 shares during the last quarter. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

MDU Resources Group Stock Performance

NYSE:MDU opened at $20.27 on Thursday. The firm’s fifty day simple moving average is $19.62 and its 200 day simple moving average is $17.70. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.80. MDU Resources Group has a twelve month low of $15.04 and a twelve month high of $21.49. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.95 and a beta of 0.75.

MDU Resources Group (NYSE:MDU – Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. MDU Resources Group had a return on equity of 6.81% and a net margin of 9.02%.The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. MDU Resources Group has set its FY 2025 guidance at 0.900-0.950 EPS. As a group, equities research analysts expect that MDU Resources Group will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Thursday, December 11th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, December 11th. MDU Resources Group’s payout ratio is presently 67.47%.

MDU Resources Group Company Profile

(Get Free Report)

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.

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