MDU Resources Group (NYSE:MDU) Shares Cross Above 200 Day Moving Average – What’s Next?

MDU Resources Group, Inc. (NYSE:MDU)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.92 and traded as high as $21.93. MDU Resources Group shares last traded at $21.4550, with a volume of 1,854,549 shares traded.

Analyst Ratings Changes

MDU has been the subject of a number of recent research reports. JPMorgan Chase & Co. started coverage on shares of MDU Resources Group in a research report on Thursday, April 16th. They set a “neutral” rating and a $22.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of MDU Resources Group in a report on Friday, April 10th. Finally, TD Cowen boosted their price target on MDU Resources Group to $22.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, MDU Resources Group presently has a consensus rating of “Hold” and a consensus target price of $21.75.

MDU Resources Group Trading Down 2.3%

The company has a market capitalization of $4.24 billion, a P/E ratio of 22.53, a P/E/G ratio of 3.97 and a beta of 0.66. The stock has a 50 day moving average of $21.69 and a 200-day moving average of $20.94. The company has a current ratio of 0.78, a quick ratio of 0.75 and a debt-to-equity ratio of 0.82.

MDU Resources Group (NYSE:MDU) last released its earnings results on Thursday, May 7th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). The business had revenue of $605.98 million for the quarter, compared to analysts’ expectations of $688.34 million. MDU Resources Group had a return on equity of 6.82% and a net margin of 10.47%.The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 EPS. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, research analysts predict that MDU Resources Group, Inc. will post 0.98 EPS for the current year.

MDU Resources Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 11th. 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 60.87%.

Institutional Investors Weigh In On MDU Resources Group

Large investors have recently modified their holdings of the business. Alpine Global Management LLC acquired a new stake in MDU Resources Group during the third quarter valued at $2,216,000. Perpetual Ltd acquired a new position in shares of MDU Resources Group during the fourth quarter valued at approximately $22,031,000. Phocas Financial Corp. purchased a new position in MDU Resources Group in the 4th quarter valued at $4,102,000. Comerica Bank lifted its holdings in MDU Resources Group by 22.3% in the 4th quarter. Comerica Bank now owns 243,107 shares of the utilities provider’s stock valued at $4,745,000 after purchasing an additional 44,316 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in MDU Resources Group by 490.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 294,629 shares of the utilities provider’s stock worth $5,751,000 after acquiring an additional 244,733 shares during the last quarter. 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.