MDU Resources Group, Inc. (NYSE:MDU) Receives Consensus Rating of “Hold” from Brokerages

Shares of MDU Resources Group, Inc. (NYSE:MDU) have been given a consensus rating of “Hold” by the five research firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $21.00.

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

MDU Resources Group Price Performance

Shares of MDU Resources Group stock opened at $20.68 on Friday. The firm has a market cap of $4.23 billion, a PE ratio of 24.92, a PEG ratio of 3.31 and a beta of 0.75. The stock has a 50 day moving average of $20.08 and a 200 day moving average of $18.47. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.80. MDU Resources Group has a 12 month low of $15.04 and a 12 month high of $21.49.

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

MDU Resources Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Thursday, December 11th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend 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 dividend payout ratio is currently 67.47%.

Hedge Funds Weigh In On MDU Resources Group

A number of large investors have recently bought and sold shares of MDU. Register Financial Advisors LLC increased its stake in MDU Resources Group by 3.4% in the fourth quarter. Register Financial Advisors LLC now owns 85,841 shares of the utilities provider’s stock worth $1,676,000 after purchasing an additional 2,821 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in shares of MDU Resources Group during the fourth quarter valued at $27,000. Phocas Financial Corp. bought a new position in shares of MDU Resources Group in the fourth quarter worth about $4,102,000. Signaturefd LLC grew its holdings in shares of MDU Resources Group by 206.2% in the fourth quarter. Signaturefd LLC now owns 2,358 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 1,588 shares during the last quarter. Finally, Perpetual Ltd purchased a new position in MDU Resources Group in the 4th quarter worth about $22,031,000. Hedge funds and other institutional investors own 71.44% of the company’s stock.

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.