Shares of MDU Resources Group, Inc. (NYSE:MDU) have received an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $29.00.

Several analysts have weighed in on MDU shares. BidaskClub raised MDU Resources Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised MDU Resources Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th.

MDU Resources Group (NYSE:MDU) opened at 25.99 on Wednesday. The company has a market cap of $5.08 billion, a PE ratio of 22.58 and a beta of 0.91. MDU Resources Group has a one year low of $22.94 and a one year high of $29.92. The firm’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 posted its earnings results on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. MDU Resources Group had a return on equity of 10.26% and a net margin of 5.37%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. On average, equities research analysts forecast that MDU Resources Group will post $1.20 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of MDU Resources Group during the fourth quarter worth approximately $1,010,000. FMR LLC bought a new stake in shares of MDU Resources Group during the fourth quarter worth approximately $5,630,000. GSA Capital Partners LLP bought a new stake in shares of MDU Resources Group during the fourth quarter worth approximately $322,000. AQR Capital Management LLC boosted its stake in shares of 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. Finally, Norges Bank bought a new stake in shares of MDU Resources Group during the fourth quarter worth approximately $52,324,000. 63.40% of the stock is currently owned by hedge funds and other institutional investors.

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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