MDU Resources Group, Inc. (NYSE:MDU) – Investment analysts at KeyCorp dropped their Q2 2017 earnings per share estimates for shares of MDU Resources Group in a research note issued to investors on Monday. KeyCorp analyst P. Ridzon now forecasts that the utilities provider will post earnings of $0.25 per share for the quarter, down from their previous forecast of $0.27.

Several other equities analysts have also recently weighed in on MDU. Zacks Investment Research raised shares of MDU Resources Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub cut shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $32.33.

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Shares of MDU Resources Group (NYSE:MDU) opened at 25.85 on Wednesday. MDU Resources Group has a one year low of $22.47 and a one year high of $29.92. The stock has a 50 day moving average price of $26.45 and a 200-day moving average price of $26.99. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 66.28 and a beta of 0.92.

MDU Resources Group (NYSE:MDU) last posted its earnings results on Wednesday, May 3rd. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $937.90 million during the quarter, compared to analysts’ expectations of $921.39 million. MDU Resources Group had a return on equity of 10.47% and a net margin of 1.83%. During the same period in the previous year, the firm earned $0.17 earnings per share.

Several large investors have recently bought and sold shares of MDU. AQR Capital Management LLC raised its position in MDU Resources Group by 66.5% in the fourth quarter. AQR Capital Management LLC now owns 44,078 shares of the utilities provider’s stock worth $1,268,000 after buying an additional 17,609 shares in the last quarter. GSA Capital Partners LLP acquired a new position in MDU Resources Group during the fourth quarter worth $322,000. Creative Planning raised its position in MDU Resources Group by 46.8% in the first quarter. Creative Planning now owns 11,284 shares of the utilities provider’s stock worth $309,000 after buying an additional 3,599 shares in the last quarter. Rational Advisors LLC acquired a new position in MDU Resources Group during the first quarter worth $1,396,000. Finally, ProShare Advisors LLC raised its position in MDU Resources Group by 19.5% in the first quarter. ProShare Advisors LLC now owns 331,817 shares of the utilities provider’s stock worth $9,082,000 after buying an additional 54,216 shares in the last quarter. 64.01% of the stock is currently owned by institutional investors.

The business also recently declared a quarterly dividend, which was paid on Saturday, July 1st. Investors of record on Thursday, June 8th were issued a $0.1925 dividend. The ex-dividend date was Tuesday, June 6th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 2.98%. MDU Resources Group’s dividend payout ratio (DPR) is presently 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.

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

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