MDU Resources Group (MDU) – Research Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for MDU Resources Group (NYSE: MDU):

• 11/5/2024 – MDU Resources Group is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 11/5/2024 – MDU Resources Group was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $17.00 price target on the stock, down previously from $31.00.
• 11/4/2024 – MDU Resources Group was upgraded by analysts at Siebert Williams Shank from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock.
• 10/28/2024 – MDU Resources Group is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/21/2024 – MDU Resources Group had its “neutral” rating reaffirmed by analysts at Bank of America Co.. They now have a $31.00 price target on the stock, up previously from $30.00.
• 10/20/2024 – MDU Resources Group is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/12/2024 – MDU Resources Group is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

MDU Resources Group Stock Up 1.4 %

Shares of NYSE:MDU opened at $18.27 on Thursday. MDU Resources Group, Inc. has a 1-year low of $14.91 and a 1-year high of $30.52. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.07. The stock has a market cap of $3.72 billion, a P/E ratio of 9.37, a P/E/G ratio of 2.33 and a beta of 0.76. The firm has a fifty day moving average price of $25.87 and a 200 day moving average price of $25.47.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. MDU Resources Group had a return on equity of 11.24% and a net margin of 8.92%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $969.17 million. During the same quarter last year, the company posted $0.29 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. Sell-side analysts predict that MDU Resources Group, Inc. will post 1.13 EPS for the current year.

MDU Resources Group Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 21st were issued a dividend of $12.875 per share. The ex-dividend date was Friday, November 1st. MDU Resources Group’s dividend payout ratio is presently 26.67%.

Hedge Funds Weigh In On MDU Resources Group

Several institutional investors have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of MDU Resources Group by 40.9% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,048,344 shares of the utilities provider’s stock worth $151,813,000 after buying an additional 1,756,530 shares in the last quarter. American Century Companies Inc. raised its position in MDU Resources Group by 30.7% in the second quarter. American Century Companies Inc. now owns 4,158,224 shares of the utilities provider’s stock worth $104,371,000 after acquiring an additional 977,487 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in MDU Resources Group in the second quarter valued at $24,372,000. Dimensional Fund Advisors LP boosted its position in shares of MDU Resources Group by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,491,990 shares of the utilities provider’s stock worth $188,049,000 after purchasing an additional 563,424 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of MDU Resources Group by 36.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,745,980 shares of the utilities provider’s stock valued at $43,824,000 after purchasing an additional 467,465 shares in the last quarter. 71.44% of the stock is owned by institutional investors and hedge funds.

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.