Brokerages Set MDU Resources Group, Inc. (NYSE:MDU) PT at $21.00

MDU Resources Group, Inc. (NYSE:MDU) has received a consensus rating of “Hold” from the five analysts that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $21.00.

MDU has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of MDU Resources Group in a research report on Monday, December 29th. Citigroup reissued a “neutral” rating on shares of MDU Resources Group in a research report on Thursday, January 15th. Finally, Loop Capital set a $21.00 price objective on shares of MDU Resources Group in a research note on Tuesday, February 24th.

Insider Activity at MDU Resources Group

In other news, Director Charles M. Kelley acquired 5,000 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were acquired at an average price of $20.84 per share, with a total value of $104,200.00. Following the purchase, the director directly owned 8,031 shares of the company’s stock, valued at $167,366.04. This trade represents a 164.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.94% of the stock is owned by insiders.

Institutional Investors Weigh In On MDU Resources Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in MDU Resources Group by 8.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 499,908 shares of the utilities provider’s stock valued at $8,453,000 after acquiring an additional 39,978 shares during the period. Quantbot Technologies LP acquired a new stake in MDU Resources Group in the 2nd quarter valued at $370,000. EverSource Wealth Advisors LLC grew its stake in MDU Resources Group by 56.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 904 shares during the period. Guggenheim Capital LLC grew its stake in MDU Resources Group by 27.2% in the 2nd quarter. Guggenheim Capital LLC now owns 68,886 shares of the utilities provider’s stock valued at $1,148,000 after acquiring an additional 14,728 shares during the period. Finally, Walleye Capital LLC acquired a new stake in MDU Resources Group in the 2nd quarter valued at $2,117,000. Institutional investors and hedge funds own 71.44% of the company’s stock.

MDU Resources Group Stock Performance

MDU opened at $22.37 on Wednesday. MDU Resources Group has a 12-month low of $15.76 and a 12-month high of $22.47. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $4.58 billion, a PE ratio of 24.05, a P/E/G ratio of 4.13 and a beta of 0.70. The firm has a 50 day moving average of $20.75 and a two-hundred day moving average of $20.07.

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

MDU Resources Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.5%. MDU Resources Group’s dividend payout ratio (DPR) is presently 60.22%.

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.