MDU Resources Group, Inc. (MDU) Given Average Recommendation of “Hold” by Analysts
MDU Resources Group, Inc. (NYSE:MDU) has earned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company.
Several analysts have recently weighed in on the stock. BidaskClub lowered shares of MDU Resources Group from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research raised shares of MDU Resources Group from a “sell” rating to a “hold” rating in a report on Wednesday.
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Several hedge funds have recently bought and sold shares of MDU. Ffcm LLC raised its stake in MDU Resources Group by 27.6% in the first quarter. Ffcm LLC now owns 6,964 shares of the utilities provider’s stock valued at $191,000 after buying an additional 1,508 shares during the last quarter. Sei Investments Co. raised its stake in MDU Resources Group by 15.8% in the first quarter. Sei Investments Co. now owns 8,013 shares of the utilities provider’s stock valued at $219,000 after buying an additional 1,091 shares during the last quarter. Bank of The West raised its stake in 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. HighTower Advisors LLC purchased a new stake in MDU Resources Group during the first quarter valued at $232,000. Finally, Gofen & Glossberg LLC IL raised its stake in MDU Resources Group by 15.3% in the first quarter. Gofen & Glossberg LLC IL now owns 8,889 shares of the utilities provider’s stock valued at $243,000 after buying an additional 1,180 shares during the last quarter. 63.66% of the stock is owned by institutional investors.
Shares of MDU Resources Group (NYSE:MDU) traded up 1.30% on Wednesday, reaching $25.80. The company had a trading volume of 582,907 shares. MDU Resources Group has a 52-week low of $22.47 and a 52-week high of $29.92. The stock has a market capitalization of $5.04 billion, a PE ratio of 66.15 and a beta of 0.92. The company has a 50 day moving average price of $26.89 and a 200 day moving average price of $27.40.
MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company had revenue of $937.90 million during the quarter, compared to analyst estimates of $921.39 million. MDU Resources Group had a net margin of 1.83% and a return on equity of 10.47%. During the same quarter last year, the business posted $0.17 earnings per share. On average, equities research analysts anticipate that MDU Resources Group will post $1.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 1st. Stockholders of record on Thursday, June 8th were issued a dividend of $0.1925 per share. This represents a $0.77 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Tuesday, June 6th. MDU Resources Group’s payout ratio is 202.64%.
MDU Resources Group Company Profile
MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.
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