MDU Resources Group (NYSE:MDU) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of MDU Resources Group (NYSE:MDU) from a neutral rating to an overweight rating in a research report sent to investors on Thursday morning, Marketbeat reports. JPMorgan Chase & Co. currently has $27.00 price objective on the utilities provider’s stock.

Other research analysts also recently issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of MDU Resources Group in a research report on Wednesday, July 8th. TD Cowen boosted their price objective on shares of MDU Resources Group to $22.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company started coverage on MDU Resources Group in a research note on Monday, July 13th. They issued an “overweight” rating and a $25.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $23.40.

MDU Resources Group Price Performance

NYSE MDU opened at $20.59 on Thursday. MDU Resources Group has a 52 week low of $15.76 and a 52 week high of $22.98. The firm has a market capitalization of $4.21 billion, a P/E ratio of 21.67, a PEG ratio of 3.80 and a beta of 0.67. The company has a quick ratio of 0.75, a current ratio of 0.78 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average price of $20.92 and a 200-day moving average price of $21.10.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $605.98 million during the quarter, compared to analysts’ expectations of $688.34 million. MDU Resources Group had a return on equity of 6.96% and a net margin of 10.75%.The business’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. Equities research analysts anticipate that MDU Resources Group will post 0.98 earnings per share for the current year.

MDU Resources Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.56 dividend on an annualized basis and a yield of 2.7%. MDU Resources Group’s dividend payout ratio (DPR) is presently 58.95%.

Hedge Funds Weigh In On MDU Resources Group

Several large investors have recently added to or reduced their stakes in MDU. Oppenheimer Asset Management Inc. increased its stake in MDU Resources Group by 604.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 158,043 shares of the utilities provider’s stock worth $3,085,000 after buying an additional 135,602 shares in the last quarter. Comerica Bank lifted its position in shares of MDU Resources Group by 22.3% in the fourth quarter. Comerica Bank now owns 243,107 shares of the utilities provider’s stock valued at $4,745,000 after acquiring an additional 44,316 shares in the last quarter. Phocas Financial Corp. bought a new position in shares of MDU Resources Group in the fourth quarter worth about $4,102,000. Seven Grand Managers LLC bought a new position in shares of MDU Resources Group in the fourth quarter worth about $2,928,000. Finally, Bessemer Group Inc. grew its position in shares of MDU Resources Group by 47.0% during the first quarter. Bessemer Group Inc. now owns 285,186 shares of the utilities provider’s stock worth $5,909,000 after purchasing an additional 91,140 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

MDU Resources Group News Summary

Here are the key news stories impacting MDU Resources Group this week:

• Positive Sentiment: Second-quarter earnings beat expectations. MDU reported adjusted EPS of $0.10, up from $0.07 a year earlier and ahead of the $0.09 consensus estimate. Net income increased 55.5% year over year to $21.3 million. MDU Resources Reports Second Quarter 2026 Results
• Positive Sentiment: Infrastructure growth could support longer-term results. The company continued advancing the proposed Bakken East Pipeline Project and has signed precedent agreements representing nearly 1.2 billion cubic feet per day of firm natural-gas transportation capacity. Electric utility earnings also benefited from Badger Wind Farm, rate changes and higher volumes. MDU Resources Q2 Earnings Beat Estimates
• Positive Sentiment: JPMorgan upgraded MDU to Overweight and assigned a $27 price target, signaling improved analyst confidence and substantial potential upside from recent trading levels. JPMorgan Upgrade Report
• Neutral Sentiment: Management reaffirmed full-year 2026 EPS guidance of $0.93 to $1.00. The range provides stability, although its midpoint is slightly below the roughly $0.98 analyst consensus. MDU Resources Q2 2026 Earnings Call Transcript
• Negative Sentiment: Revenue fell short of expectations. Quarterly operating revenue rose 6.8% year over year to approximately $375.3 million but missed the $396.6 million consensus estimate. The pipeline segment also earned less than a year earlier, while the natural-gas distribution business remained unprofitable seasonally. MDU Resources Q2 Earnings Snapshot

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.