Shares of MDU Resources Group Inc (NYSE:MDU) have received a consensus rating of “Hold” from the five brokerages that are covering the company. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.
A number of research firms have issued reports on MDU. Zacks Investment Research raised shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 5th. Argus downgraded shares of MDU Resources Group from a “buy” rating to a “hold” rating in a report on Monday, February 13th. They noted that the move was a valuation call.
Shares of MDU Resources Group (NYSE:MDU) traded up 0.19% during midday trading on Tuesday, reaching $26.99. The company’s stock had a trading volume of 250,887 shares. The stock has a market capitalization of $5.27 billion, a PE ratio of 82.29 and a beta of 0.87. The stock’s 50 day moving average is $27.07 and its 200 day moving average is $27.33. MDU Resources Group has a 12 month low of $19.28 and a 12 month high of $29.92.
MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Wednesday, February 1st. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.05. The firm earned $1.02 billion during the quarter, compared to the consensus estimate of $1.13 billion. MDU Resources Group had a net margin of 1.54% and a return on equity of 10.11%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. On average, analysts forecast that MDU Resources Group will post $1.21 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, April 1st. Investors of record on Thursday, March 9th were given a dividend of $0.1925 per share. This represents a $0.77 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Tuesday, March 7th. MDU Resources Group’s dividend payout ratio is 240.63%.
A number of institutional investors have recently added to or reduced their stakes in the company. First National Bank Sioux Falls boosted its position in MDU Resources Group by 663.0% in the third quarter. First National Bank Sioux Falls now owns 4,128 shares of the utilities provider’s stock worth $105,000 after buying an additional 3,587 shares in the last quarter. MSI Financial Services Inc boosted its position in MDU Resources Group by 0.4% in the third quarter. MSI Financial Services Inc now owns 5,077 shares of the utilities provider’s stock worth $129,000 after buying an additional 18 shares in the last quarter. Ffcm LLC bought a new position in MDU Resources Group during the fourth quarter worth about $157,000. Acrospire Investment Management LLC boosted its position in MDU Resources Group by 68.4% in the third quarter. Acrospire Investment Management LLC now owns 6,400 shares of the utilities provider’s stock worth $163,000 after buying an additional 2,600 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new position in MDU Resources Group during the fourth quarter worth about $170,000. Institutional investors and hedge funds own 64.71% of the company’s stock.
MDU Resources Group Company Profile
MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.
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