MDU Resources Group, Inc. (NYSE:MDU) Stock Has Consensus Price Target of $23.40

Shares of MDU Resources Group, Inc. (NYSE:MDU) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $23.40.

A number of equities research analysts have recently issued reports on the company. Weiss Ratings lowered MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 28th. JPMorgan Chase & Co. raised 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. Finally, Wells Fargo & Company initiated coverage on shares of MDU Resources Group in a research note on Monday, July 13th. They set an “overweight” rating and a $25.00 target price on the stock.

Hedge Funds Weigh In On MDU Resources Group

Large investors have recently modified their holdings of the business. Trust Co. of Vermont acquired a new stake in shares of MDU Resources Group during the 2nd quarter worth about $39,000. Rockefeller Capital Management L.P. lifted its position in MDU Resources Group by 40.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,101 shares of the utilities provider’s stock valued at $41,000 after buying an additional 605 shares during the last quarter. Allworth Financial LP acquired a new position in MDU Resources Group in the second quarter valued at about $43,000. Global Retirement Partners LLC purchased a new position in MDU Resources Group during the second quarter worth about $55,000. Finally, Global Assets Advisory LLC purchased a new position in MDU Resources Group during the first quarter worth about $56,000. Institutional investors and hedge funds own 71.44% of the company’s stock.

MDU Resources Group Trading Up 0.7%

MDU stock opened at $18.60 on Wednesday. MDU Resources Group has a 12-month low of $17.57 and a 12-month high of $22.98. The business’s 50-day moving average is $19.65 and its 200 day moving average is $20.79. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 3.41 and a beta of 0.66.

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

MDU Resources Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were paid a dividend of $0.1450 per share. This represents a $0.58 annualized dividend and a yield of 3.1%. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, September 10th. MDU Resources Group’s payout ratio is 61.05%.

About MDU Resources Group

MDU Resources Group, Inc (NYSE: MDU) is a regulated energy company that provides electric and natural gas utility services. Through its utility subsidiaries, the company generates, purchases, transmits and distributes electricity, while also delivering natural gas to residential, commercial and industrial customers.

MDU’s principal utility operations include Montana-Dakota Utilities Co, which serves communities in North Dakota, South Dakota, Montana and Wyoming, and Intermountain Gas Company, which provides natural gas service in Idaho.