MDU Resources Group, Inc. (NYSE:MDU) Receives $21.00 Average PT from Analysts

Shares of MDU Resources Group, Inc. (NYSE:MDU) have been given a consensus recommendation of “Hold” by the five analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $21.00.

Several equities research analysts have weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of MDU Resources Group in a report on Thursday, January 15th. Jefferies Financial Group increased their price target on MDU Resources Group to $22.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. TD Cowen assumed coverage on 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. Weiss Ratings reissued a “hold (c-)” rating on shares of MDU Resources Group in a research note on Monday, December 29th. 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.

MDU Resources Group Stock Performance

MDU Resources Group stock opened at $20.19 on Friday. The stock has a fifty day moving average price of $20.07 and a two-hundred day moving average price of $18.52. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.69. The firm has a market capitalization of $4.13 billion, a P/E ratio of 24.32, a P/E/G ratio of 3.21 and a beta of 0.75. MDU Resources Group has a 52-week low of $15.04 and a 52-week high of $21.49.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 earnings per share. MDU Resources Group has set its FY 2025 guidance at 0.900-0.950 EPS. As a group, analysts anticipate that MDU Resources Group will post 0.94 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Thursday, December 11th were given 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 yield of 2.8%. MDU Resources Group’s dividend payout ratio is 67.47%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MDU. Leuthold Group LLC lifted its holdings in MDU Resources Group by 11.3% during the second quarter. Leuthold Group LLC now owns 202,649 shares of the utilities provider’s stock valued at $3,378,000 after purchasing an additional 20,553 shares in the last quarter. Cascade Investment Advisors Inc. lifted its stake in shares of MDU Resources Group by 19.0% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 99,381 shares of the utilities provider’s stock valued at $1,657,000 after buying an additional 15,900 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of MDU Resources Group by 157.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 212,933 shares of the utilities provider’s stock valued at $3,550,000 after buying an additional 130,073 shares in the last quarter. Inspire Investing LLC boosted its holdings in MDU Resources Group by 97.3% in the 2nd quarter. Inspire Investing LLC now owns 40,432 shares of the utilities provider’s stock worth $674,000 after buying an additional 19,940 shares during the period. Finally, PAX Financial Group LLC purchased a new stake in MDU Resources Group in the 2nd quarter worth $260,000. Institutional investors and hedge funds own 71.44% of the company’s stock.

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.