MDU Resources Group (NYSE:MDU) Share Price Crosses Above 200-Day Moving Average – What’s Next?

MDU Resources Group, Inc. (NYSE:MDU)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.67 and traded as high as $20.75. MDU Resources Group shares last traded at $20.5550, with a volume of 1,976,891 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Zacks Research raised MDU Resources Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. Citigroup reiterated a “neutral” rating on shares of MDU Resources Group in a report on Thursday, January 15th. Loop Capital set a $21.00 price objective on shares of MDU Resources Group in a research report on Tuesday, February 24th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of MDU Resources Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $21.00.

MDU Resources Group Stock Performance

The company has a 50-day simple moving average of $20.56 and a two-hundred day simple moving average of $19.67. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.78 and a current ratio of 0.84. The firm has a market capitalization of $4.20 billion, a P/E ratio of 22.10, a PEG ratio of 3.52 and a beta of 0.75.

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

MDU Resources Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.7%. MDU Resources Group’s dividend payout ratio is currently 60.22%.

Insider Activity

In other MDU Resources Group news, Director Charles M. Kelley purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was bought at an average cost of $20.84 per share, for a total transaction of $104,200.00. Following the purchase, the director directly owned 8,031 shares in the company, valued at $167,366.04. The trade was a 164.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MDU Resources Group

A number of hedge funds and other institutional investors have recently bought and sold shares of MDU. Clear Creek Financial Management LLC purchased a new position in MDU Resources Group in the 3rd quarter worth approximately $487,000. Thrivent Financial for Lutherans increased its holdings in MDU Resources Group by 35.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 685,347 shares of the utilities provider’s stock worth $12,206,000 after buying an additional 179,357 shares in the last quarter. Leuthold Group LLC increased its holdings in MDU Resources Group by 11.3% in the 2nd 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. Alpine Global Management LLC purchased a new position in MDU Resources Group in the 3rd quarter worth about $2,216,000. Finally, Elo Mutual Pension Insurance Co purchased a new position in MDU Resources Group in the 2nd quarter worth about $818,000. Hedge funds and other institutional investors 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.