MDU Resources Group, Inc. (NYSE:MDU) Receives $22.40 Average Price Target from Analysts

MDU Resources Group, Inc. (NYSE:MDU) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $22.40.

MDU has been the topic of several recent research reports. TD Cowen lifted their target price on shares of MDU Resources Group to $22.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. began coverage on shares of MDU Resources Group in a research report on Thursday, April 16th. They issued a “neutral” rating and a $22.00 target price for the company. Wells Fargo & Company initiated coverage on shares of MDU Resources Group in a research note on Monday, July 13th. They issued an “overweight” rating and a $25.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of MDU Resources Group in a research note on Wednesday, July 8th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MDU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of MDU Resources Group by 8.7% during 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 worth $8,453,000 after purchasing an additional 39,978 shares during the period. Quantbot Technologies LP purchased a new stake in shares of MDU Resources Group in the 2nd quarter valued at approximately $370,000. EverSource Wealth Advisors LLC raised its stake in MDU Resources Group by 56.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the utilities provider’s stock valued at $42,000 after buying an additional 904 shares in the last quarter. Amundi acquired a new stake in shares of MDU Resources Group during the 2nd quarter worth about $564,000. Finally, Jump Financial LLC increased its stake in MDU Resources Group by 355.9% in the second quarter. Jump Financial LLC now owns 178,703 shares of the utilities provider’s stock valued at $2,979,000 after purchasing an additional 139,503 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

MDU Resources Group Stock Performance

NYSE MDU opened at $21.12 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.78 and a quick ratio of 0.75. The stock’s 50 day simple moving average is $21.41 and its 200-day simple moving average is $21.05. The company has a market cap of $4.32 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 3.91 and a beta of 0.67. MDU Resources Group has a 1-year low of $15.76 and a 1-year high of $22.98.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). MDU Resources Group had a return on equity of 6.82% and a net margin of 10.47%.The firm had revenue of $605.98 million for the quarter, compared to analysts’ expectations of $688.34 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The firm’s revenue for the quarter was down 10.2% 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 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Thursday, June 11th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, June 11th. MDU Resources Group’s dividend payout ratio is presently 60.87%.

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.