Analysts Set MDU Resources Group, Inc. (NYSE:MDU) Price Target at $23.40

MDU Resources Group, Inc. (NYSE:MDU) has earned a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $23.40.

A number of research firms have recently weighed in on MDU. Wells Fargo & Company started coverage on shares of MDU Resources Group in a report on Monday, July 13th. They issued an “overweight” rating and a $25.00 price target on the stock. Weiss Ratings lowered shares of MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, August 28th. JPMorgan Chase & Co. raised shares of MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 target price for the company in a research report on Thursday, August 6th. Finally, TD Cowen raised their target price on shares of MDU Resources Group to $22.00 and gave the company a “hold” rating in a research note on Friday, May 15th.

MDU Resources Group Trading Down 0.2%

MDU opened at $19.20 on Friday. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 3.55 and a beta of 0.67. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. MDU Resources Group has a 12 month low of $15.76 and a 12 month high of $22.98. The stock has a fifty day moving average price of $20.37 and a 200-day moving average price of $21.02.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. MDU Resources Group had a return on equity of 6.89% and a net margin of 10.75%.The company had revenue of $375.30 million for the quarter, compared to the consensus estimate of $396.56 million. During the same quarter last year, the company earned $0.07 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. As a group, equities research analysts anticipate that MDU Resources Group will post 0.98 earnings per share for the current fiscal year.

MDU Resources Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.145 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.58 annualized dividend and a dividend yield of 3.0%. This is a boost from MDU Resources Group’s previous quarterly dividend of $0.14. MDU Resources Group’s dividend payout ratio (DPR) is currently 61.05%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in MDU Resources Group during the 2nd quarter valued at about $184,000. NewEdge Advisors LLC boosted its holdings in MDU Resources Group by 4.7% in the second quarter. NewEdge Advisors LLC now owns 81,638 shares of the utilities provider’s stock worth $1,732,000 after acquiring an additional 3,640 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of MDU Resources Group by 16.2% during the second quarter. Squarepoint Ops LLC now owns 197,571 shares of the utilities provider’s stock worth $4,190,000 after acquiring an additional 27,517 shares during the last quarter. Corient Private Wealth LP grew its stake in shares of MDU Resources Group by 25.4% during the second quarter. Corient Private Wealth LP now owns 68,062 shares of the utilities provider’s stock worth $1,444,000 after acquiring an additional 13,776 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of MDU Resources Group by 1,915.6% during the second quarter. California State Teachers Retirement System now owns 4,752,185 shares of the utilities provider’s stock valued at $100,794,000 after acquiring an additional 4,516,412 shares in the last quarter. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

MDU Resources Group Company Profile

MDU Resources Group, Inc is a regulated utility holding company headquartered in Bismarck, North Dakota. Through its utility subsidiaries, the company generates, transmits and distributes electricity and provides natural gas distribution and related services to residential, commercial, industrial and agricultural customers.

MDU’s principal electric utility, Montana-Dakota Utilities Co, serves customers in parts of North Dakota, South Dakota, Montana and Wyoming. Its natural gas operations include Montana-Dakota Utilities, Great Plains Natural Gas Co, Cascade Natural Gas Corp.