KeyCorp restated their buy rating on shares of MDU Resources Group (NYSE:MDU) in a report issued on Friday. KeyCorp currently has a $29.50 price target on the utilities provider’s stock.

Separately, Zacks Investment Research cut shares of MDU Resources Group from a hold rating to a sell rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $31.13.

MDU Resources Group (MDU) traded up $0.15 during trading on Friday, hitting $26.91. 2,001,808 shares of the company’s stock traded hands, compared to its average volume of 743,089. MDU Resources Group has a one year low of $25.14 and a one year high of $29.74. The firm has a market cap of $5,226.35, a PE ratio of 22.49, a P/E/G ratio of 2.81 and a beta of 0.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 1.01.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). MDU Resources Group had a return on equity of 10.20% and a net margin of 5.39%. The firm had revenue of $1.27 billion for the quarter. During the same quarter in the prior year, the company earned $0.45 earnings per share. equities research analysts predict that MDU Resources Group will post 1.19 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Thursday, December 14th will be given a $0.1975 dividend. The ex-dividend date of this dividend is Wednesday, December 13th. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.19. This represents a $0.79 annualized dividend and a dividend yield of 2.94%. MDU Resources Group’s dividend payout ratio (DPR) is currently 66.95%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its position in shares of MDU Resources Group by 93.3% in the third quarter. Public Employees Retirement System of Ohio now owns 164,331 shares of the utilities provider’s stock worth $4,264,000 after acquiring an additional 79,303 shares during the last quarter. Moors & Cabot Inc. boosted its position in shares of MDU Resources Group by 7.5% in the third quarter. Moors & Cabot Inc. now owns 29,921 shares of the utilities provider’s stock worth $775,000 after acquiring an additional 2,100 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of MDU Resources Group by 2.8% in the third quarter. Ameritas Investment Partners Inc. now owns 80,090 shares of the utilities provider’s stock worth $2,141,000 after acquiring an additional 2,145 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in shares of MDU Resources Group in the third quarter worth approximately $1,286,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of MDU Resources Group by 31.1% in the third quarter. Janney Montgomery Scott LLC now owns 12,978 shares of the utilities provider’s stock worth $337,000 after acquiring an additional 3,075 shares during the last quarter. 63.61% of the stock is currently owned by institutional investors and hedge funds.

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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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