MDU Resources Group, Inc. (NYSE:MDU) Given Average Rating of “Hold” by Brokerages

Shares of MDU Resources Group, Inc. (NYSE:MDU) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $21.75.

MDU has been the topic of several analyst reports. JPMorgan Chase & Co. began coverage on MDU Resources Group in a report on Thursday, April 16th. They set a “neutral” rating and a $22.00 target price on the stock. TD Cowen raised their price objective on MDU Resources Group to $22.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Loop Capital set a $21.00 price objective on MDU Resources Group in a research note on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of MDU Resources Group in a research note on Friday, April 10th.

Institutional Trading of MDU Resources Group

Hedge funds have recently made changes to their positions in the company. Clear Creek Financial Management LLC acquired a new position in shares of MDU Resources Group in the third quarter worth approximately $487,000. Alpine Global Management LLC acquired a new position in MDU Resources Group in the third quarter valued at approximately $2,216,000. Perpetual Ltd acquired a new position in MDU Resources Group in the fourth quarter valued at approximately $22,031,000. Phocas Financial Corp. acquired a new position in MDU Resources Group in the fourth quarter valued at approximately $4,102,000. Finally, Comerica Bank lifted its stake in MDU Resources Group by 22.3% in the fourth quarter. Comerica Bank now owns 243,107 shares of the utilities provider’s stock valued at $4,745,000 after buying an additional 44,316 shares during the period. 71.44% of the stock is owned by institutional investors and hedge funds.

MDU Resources Group Stock Performance

MDU opened at $21.27 on Monday. The firm has a market cap of $4.35 billion, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 3.94 and a beta of 0.66. MDU Resources Group has a 52-week low of $15.76 and a 52-week high of $22.98. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 0.78. The business’s fifty day moving average is $21.78 and its 200-day moving average is $20.84.

MDU Resources Group (NYSE:MDU) last released its earnings results on Thursday, May 7th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). The company had revenue of $605.98 million for the quarter, compared to analyst estimates of $688.34 million. MDU Resources Group had a return on equity of 6.82% and a net margin of 10.47%.The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period last year, the company posted $0.40 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Sell-side analysts expect that MDU Resources Group will post 0.98 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.56 annualized dividend and a yield of 2.6%. MDU Resources Group’s dividend payout ratio (DPR) is 60.87%.

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.