MDU Resources Group, Inc. (NYSE:MDU) Given Consensus Recommendation of “Hold” by Analysts

MDU Resources Group, Inc. (NYSE:MDU) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $23.40.

MDU has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 target price for the company in a research note on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of MDU Resources Group in a report on Wednesday, July 8th. TD Cowen upped their price objective on shares of MDU Resources Group to $22.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company started 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 objective for the company.

MDU Resources Group Stock Down 0.6%

MDU stock opened at $20.53 on Tuesday. The firm has a market capitalization of $4.20 billion, a PE ratio of 21.61, a P/E/G ratio of 3.81 and a beta of 0.67. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.88. MDU Resources Group has a twelve month low of $15.76 and a twelve month high of $22.98. The stock’s 50 day moving average is $20.86 and its 200-day moving average is $21.10.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $375.30 million during the quarter, compared to the consensus estimate of $396.56 million. MDU Resources Group had a return on equity of 6.89% and a net margin of 10.75%.MDU Resources Group’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Sell-side analysts expect that MDU Resources Group will post 0.98 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a dividend of $0.145 per share. The ex-dividend date is Thursday, September 10th. This is an increase from MDU Resources Group’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a yield of 2.8%. MDU Resources Group’s dividend payout ratio (DPR) is currently 61.05%.

Institutional Trading of MDU Resources Group

Several hedge funds have recently added to or reduced their stakes in MDU. Arkadios Wealth Advisors increased its stake in shares of MDU Resources Group by 1.7% during the 1st quarter. Arkadios Wealth Advisors now owns 27,316 shares of the utilities provider’s stock worth $566,000 after purchasing an additional 449 shares during the last quarter. Smith Moore & CO. lifted its stake in MDU Resources Group by 4.3% in the fourth quarter. Smith Moore & CO. now owns 12,855 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 535 shares during the last quarter. DMKC Advisory Services LLC grew its holdings in MDU Resources Group by 4.2% during the fourth quarter. DMKC Advisory Services LLC now owns 15,048 shares of the utilities provider’s stock valued at $294,000 after purchasing an additional 600 shares during the period. Rockefeller Capital Management L.P. grew its holdings in MDU Resources Group by 40.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 605 shares during the period. Finally, Private Advisor Group LLC increased its position in MDU Resources Group by 0.9% in the first quarter. Private Advisor Group LLC now owns 70,442 shares of the utilities provider’s stock worth $1,460,000 after buying an additional 612 shares during the last quarter. Institutional investors own 71.44% of the company’s stock.

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.