MDU Resources Group Inc (NYSE:MDU) – Equities researchers at KeyCorp issued their Q1 2017 earnings per share estimates for MDU Resources Group in a report issued on Tuesday. KeyCorp analyst P. Ridzon anticipates that the utilities provider will post earnings of $0.18 per share for the quarter.

Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Argus lowered shares of MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Monday, February 13th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $34.00.

Earnings History and Estimates for MDU Resources Group (NYSE:MDU)

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MDU Resources Group (NYSE:MDU) opened at 26.90 on Thursday. MDU Resources Group has a 12-month low of $19.28 and a 12-month high of $29.92. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 82.01 and a beta of 0.87. The company has a 50-day moving average of $27.08 and a 200 day moving average of $27.34.

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MDU Resources Group (NYSE:MDU) last released its earnings results on Wednesday, February 1st. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.13 billion. MDU Resources Group had a net margin of 1.54% and a return on equity of 10.11%. MDU Resources Group’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Saturday, April 1st. Investors of record on Thursday, March 9th were paid a $0.1925 dividend. The ex-dividend date of this dividend was Tuesday, March 7th. This represents a $0.77 annualized dividend and a dividend yield of 2.86%. MDU Resources Group’s payout ratio is 240.63%.

Several hedge funds and other institutional investors have recently modified their holdings of MDU. Bank of The West raised its position in shares of MDU Resources Group by 0.3% in the first quarter. Bank of The West now owns 8,059 shares of the utilities provider’s stock valued at $221,000 after buying an additional 23 shares during the last quarter. Advantus Capital Management Inc raised its position in shares of MDU Resources Group by 0.5% in the third quarter. Advantus Capital Management Inc now owns 23,770 shares of the utilities provider’s stock valued at $605,000 after buying an additional 117 shares during the last quarter. Mosaic Family Wealth LLC raised its position in shares of MDU Resources Group by 6.0% in the third quarter. Mosaic Family Wealth LLC now owns 7,051 shares of the utilities provider’s stock valued at $179,000 after buying an additional 402 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of MDU Resources Group by 7.3% in the third quarter. LS Investment Advisors LLC now owns 13,046 shares of the utilities provider’s stock valued at $332,000 after buying an additional 892 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of MDU Resources Group by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 49,300 shares of the utilities provider’s stock valued at $1,349,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 64.71% of the company’s stock.

MDU Resources Group Company Profile

MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.

5 Day Chart for NYSE:MDU

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