Insider Selling: Steven L. Bietz Sells 10,257 Shares of MDU Resources Group Stock (MDU)
MDU Resources Group (NYSE:MDU) CEO Steven L. Bietz sold 10,257 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $34.51, for a total value of $353,969.07. Following the transaction, the chief executive officer now directly owns 34,704 shares in the company, valued at approximately $1,197,635. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Williams Capital raised their price target on shares of MDU Resources Group from $33.00 to $37.00 in a research note on Thursday, February 6th. They now have a “buy” rating on the stock. Analysts at Barclays raised their price target on shares of MDU Resources Group from $31.00 to $35.00 in a research note on Wednesday, February 5th. They now have an “equal weight” rating on the stock. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $32.71.
MDU Resources Group (NYSE:MDU) traded up 1.04% during mid-day trading on Thursday, hitting $34.83. 527,336 shares of the company’s stock traded hands. MDU Resources Group has a 1-year low of $23.37 and a 1-year high of $34.87. The stock’s 50-day moving average is $31.61 and its 200-day moving average is $29.52. The company has a market cap of $6.577 billion and a price-to-earnings ratio of 23.48.
MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.07. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.12 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts predict that MDU Resources Group will post $1.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.1775 per share. This represents a $0.71 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Tuesday, March 11th.
MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (NYSE:MDU) is a public utility division of the Company.
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