MDU Resources Group, Inc. (NYSE:MDU) Receives $21.00 Consensus PT from Analysts

MDU Resources Group, Inc. (NYSE:MDU) has received an average rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $21.00.

Several analysts have commented on the stock. Zacks Research upgraded shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Jefferies Financial Group raised their price target on MDU Resources Group to $22.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Citigroup reissued a “neutral” rating on shares of MDU Resources Group in a research report on Thursday, January 15th. TD Cowen started coverage on MDU Resources Group in a research note on Thursday, October 16th. They issued a “hold” rating and a $20.00 price target for the company. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of MDU Resources Group in a research report on Monday, December 29th.

MDU Resources Group Stock Up 0.4%

Shares of NYSE:MDU opened at $20.55 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.69 and a current ratio of 0.75. The firm has a fifty day moving average of $20.07 and a 200 day moving average of $18.58. MDU Resources Group has a 52-week low of $15.04 and a 52-week high of $21.49. The firm has a market capitalization of $4.20 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 3.25 and a beta of 0.75.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. MDU Resources Group had a net margin of 9.02% and a return on equity of 6.81%. MDU Resources Group’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 earnings per share. MDU Resources Group has set its FY 2025 guidance at 0.900-0.950 EPS. As a group, research analysts anticipate that MDU Resources Group will post 0.94 EPS for the current fiscal year.

MDU Resources Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Thursday, December 11th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, December 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.7%. MDU Resources Group’s payout ratio is 67.47%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of MDU Resources Group by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 499,908 shares of the utilities provider’s stock worth $8,453,000 after purchasing an additional 39,978 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of MDU Resources Group by 230.6% in the second quarter. Farther Finance Advisors LLC now owns 7,660 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 5,343 shares in the last quarter. State of Alaska Department of Revenue increased its position in MDU Resources Group by 7.7% in the second quarter. State of Alaska Department of Revenue now owns 121,726 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 8,754 shares during the last quarter. Hudson Value Partners LLC increased its position in MDU Resources Group by 1.7% in the second quarter. Hudson Value Partners LLC now owns 349,122 shares of the utilities provider’s stock worth $5,820,000 after purchasing an additional 5,693 shares during the last quarter. Finally, Consolidated Planning Corp grew its stake in shares of MDU Resources Group by 12.9% in the 2nd quarter. Consolidated Planning Corp now owns 96,023 shares of the utilities provider’s stock worth $1,601,000 after buying an additional 10,943 shares in the last quarter. 71.44% of the stock is currently owned by institutional investors.

MDU Resources Group Company Profile

MDU Resources Group, Inc is a diversified energy and services holding company headquartered in Bismarck, North Dakota. The company operates through two primary segments: Utilities and Construction Services and Pipelines & Midstream. Serving a broad geographic footprint across the upper Midwest and Pacific Northwest, MDU provides essential energy distribution and infrastructure services to residential, commercial and industrial customers.

The Utilities segment delivers electric and natural gas distribution services in Montana, North Dakota, South Dakota, Minnesota, Kansas, Wisconsin, Michigan and Washington.