BidaskClub cut shares of MDU Resources Group, Inc. (NYSE:MDU) from a hold rating to a sell rating in a research note published on Wednesday, July 12th.

Separately, 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $32.33.

Shares of MDU Resources Group (MDU) opened at 25.99 on Wednesday. MDU Resources Group has a 12 month low of $22.94 and a 12 month high of $29.92. The firm has a market cap of $5.08 billion, a P/E ratio of 22.58 and a beta of 0.91. The stock’s 50 day moving average price is $26.36 and its 200-day moving average price is $26.87.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by $0.03. MDU Resources Group had a net margin of 5.37% and a return on equity of 10.26%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts anticipate that MDU Resources Group will post $1.20 earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of MDU Resources Group by 3,744.8% in the first quarter. BlackRock Inc. now owns 16,186,762 shares of the utilities provider’s stock valued at $443,033,000 after buying an additional 15,765,763 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of MDU Resources Group by 17.7% in the first quarter. Vanguard Group Inc. now owns 22,988,073 shares of the utilities provider’s stock valued at $629,183,000 after buying an additional 3,465,196 shares in the last quarter. Norges Bank purchased a new position in shares of MDU Resources Group during the fourth quarter valued at approximately $52,324,000. Bank of New York Mellon Corp boosted its position in shares of MDU Resources Group by 29.0% in the first quarter. Bank of New York Mellon Corp now owns 4,564,740 shares of the utilities provider’s stock valued at $124,937,000 after buying an additional 1,025,203 shares in the last quarter. Finally, Copper Rock Capital Partners LLC purchased a new position in shares of MDU Resources Group during the second quarter valued at approximately $24,866,000. 63.40% of the stock is owned by institutional investors.

About MDU Resources Group

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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