MDU Resources Group, Inc. (MDU) Receives Consensus Recommendation of “Hold” from Analysts
MDU Resources Group, Inc. (NYSE:MDU) has earned an average rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $29.00.
A number of equities analysts recently commented on the stock. KeyCorp reaffirmed a “buy” rating and set a $28.00 price target on shares of MDU Resources Group in a research report on Friday. Zacks Investment Research raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Wednesday, October 11th. Finally, BidaskClub lowered shares of MDU Resources Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.
In other news, CEO David L. Goodin bought 5,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $25.57 per share, with a total value of $127,850.00. Following the acquisition, the chief executive officer now directly owns 95,210 shares in the company, valued at $2,434,519.70. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.95% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. AT Bancorp bought a new position in MDU Resources Group in the 2nd quarter valued at about $131,000. Global X Management Co. LLC increased its holdings in MDU Resources Group by 220.3% in the 2nd quarter. Global X Management Co. LLC now owns 6,198 shares of the utilities provider’s stock valued at $162,000 after buying an additional 4,263 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in MDU Resources Group by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,671 shares of the utilities provider’s stock valued at $175,000 after buying an additional 537 shares during the period. Mosaic Family Wealth LLC increased its holdings in MDU Resources Group by 5.7% in the 2nd quarter. Mosaic Family Wealth LLC now owns 6,972 shares of the utilities provider’s stock valued at $183,000 after buying an additional 374 shares during the period. Finally, Ffcm LLC increased its holdings in MDU Resources Group by 5.7% in the 2nd quarter. Ffcm LLC now owns 7,360 shares of the utilities provider’s stock valued at $193,000 after buying an additional 396 shares during the period. 63.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MDU Resources Group (MDU) opened at 27.03 on Friday. The company has a market cap of $5.28 billion, a PE ratio of 23.50 and a beta of 0.91. The company has a 50-day moving average of $26.78 and a 200-day moving average of $26.59. MDU Resources Group has a 1-year low of $24.71 and a 1-year high of $29.92.
MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Tuesday, August 1st. The utilities provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). MDU Resources Group had a return on equity of 10.24% and a net margin of 5.37%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business posted $0.24 earnings per share. MDU Resources Group’s revenue was up 2.3% compared to the same quarter last year. Equities analysts forecast that MDU Resources Group will post $1.21 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Thursday, September 14th were issued a $0.1925 dividend. This represents a $0.77 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Wednesday, September 13th. MDU Resources Group’s dividend payout ratio is currently 66.96%.
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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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