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

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

A number of research firms have recently commented on MDU. Loop Capital set a $21.00 target price on MDU Resources Group in a research note on Tuesday, February 24th. Zacks Research upgraded MDU Resources Group from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of MDU Resources Group in a research report on Monday, December 29th. Finally, Citigroup reiterated a “neutral” rating on shares of MDU Resources Group in a research note on Thursday, January 15th.

Insiders Place Their Bets

In other news, Director Charles M. Kelley bought 5,000 shares of the stock in a transaction on Friday, February 13th. The stock was acquired at an average cost of $20.84 per share, for a total transaction of $104,200.00. Following the acquisition, the director owned 8,031 shares of the company’s stock, valued at $167,366.04. This represents a 164.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.94% of the stock is currently owned by company insiders.

Institutional Trading of MDU Resources Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Clear Creek Financial Management LLC bought a new stake in shares of MDU Resources Group in the 3rd quarter valued at about $487,000. Thrivent Financial for Lutherans increased its holdings in MDU Resources Group by 35.4% during the third quarter. Thrivent Financial for Lutherans now owns 685,347 shares of the utilities provider’s stock valued at $12,206,000 after buying an additional 179,357 shares during the period. Leuthold Group LLC raised its stake in MDU Resources Group by 11.3% in the second quarter. Leuthold Group LLC now owns 202,649 shares of the utilities provider’s stock worth $3,378,000 after buying an additional 20,553 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in MDU Resources Group by 157.0% in the second quarter. Envestnet Asset Management Inc. now owns 212,933 shares of the utilities provider’s stock worth $3,550,000 after buying an additional 130,073 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co purchased a new stake in MDU Resources Group during the second quarter worth $818,000. 71.44% of the stock is currently owned by institutional investors.

MDU Resources Group Price Performance

MDU stock opened at $20.62 on Friday. MDU Resources Group has a 52 week low of $15.04 and a 52 week high of $21.49. The firm has a market capitalization of $4.21 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 3.63 and a beta of 0.74. The company has a fifty day simple moving average of $20.54 and a two-hundred day simple moving average of $19.49. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 0.91.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. MDU Resources Group had a return on equity of 6.98% and a net margin of 10.15%.The business had revenue of $534.00 million during the quarter, compared to analyst estimates of $560.72 million. During the same period last year, the company earned $0.90 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Analysts anticipate that MDU Resources Group will post 0.94 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, March 12th. MDU Resources Group’s dividend payout ratio (DPR) is presently 60.22%.

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.