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

Shares of MDU Resources Group, Inc. (NYSE:MDU) have been given an average recommendation of “Hold” by the five research firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $21.00.

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

Institutional Trading of MDU Resources Group

Hedge funds have recently modified their holdings of the stock. Comerica Bank grew its stake in MDU Resources Group by 1.0% during the 1st quarter. Comerica Bank now owns 111,500 shares of the utilities provider’s stock worth $1,885,000 after purchasing an additional 1,132 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in shares of MDU Resources Group by 25.0% in the 1st quarter. Landscape Capital Management L.L.C. now owns 34,408 shares of the utilities provider’s stock valued at $582,000 after buying an additional 6,878 shares during the period. Trexquant Investment LP grew its position in shares of MDU Resources Group by 19.1% during the first quarter. Trexquant Investment LP now owns 290,455 shares of the utilities provider’s stock worth $4,912,000 after buying an additional 46,612 shares in the last quarter. Vident Advisory LLC purchased a new stake in shares of MDU Resources Group during the first quarter worth approximately $204,000. Finally, Quarry LP acquired a new stake in MDU Resources Group in the first quarter valued at approximately $138,000. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Trading Up 1.8%

Shares of MDU stock opened at $19.87 on Monday. MDU Resources Group has a 1-year low of $15.04 and a 1-year high of $21.49. The firm has a market cap of $4.06 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.65 and a beta of 0.75. The company has a 50-day moving average of $20.04 and a two-hundred day moving average of $18.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.69.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.09 EPS 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%. During the same period last year, the company posted $0.32 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. MDU Resources Group has set its FY 2025 guidance at 0.900-0.950 EPS. On average, analysts predict that MDU Resources Group will post 0.94 EPS for the current year.

MDU Resources Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Thursday, December 11th were paid a $0.14 dividend. The ex-dividend date was Thursday, December 11th. This represents a $0.56 annualized dividend and a dividend yield of 2.8%. MDU Resources Group’s payout ratio is 67.47%.

About MDU Resources Group

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.