MDU Resources Group, Inc. (NYSE:MDU) Stock Has Consensus Price Target of $23.75

MDU Resources Group, Inc. (NYSE:MDU) has received a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $23.75.

A number of analysts recently commented on the stock. 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. Wells Fargo & Company started coverage on shares of MDU Resources Group in a research note on Monday, July 13th. They set an “overweight” rating and a $25.00 price target on the stock. Finally, Weiss Ratings cut shares of MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday.

MDU Resources Group Stock Down 0.7%

MDU Resources Group stock opened at $19.23 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.99 and a quick ratio of 0.95. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 3.55 and a beta of 0.66. MDU Resources Group has a 1-year low of $18.24 and a 1-year high of $22.98. The business has a fifty day moving average price of $19.21 and a 200-day moving average price of $20.61.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the company posted $0.07 EPS. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Equities research analysts forecast that MDU Resources Group will post 0.98 EPS for the current fiscal year.

MDU Resources Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were given a $0.1450 dividend. This represents a $0.58 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, September 10th. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.14. MDU Resources Group’s payout ratio is currently 61.05%.

Institutional Trading of MDU Resources Group

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in MDU Resources Group during the second quarter worth about $580,127,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in MDU Resources Group in the second quarter valued at approximately $276,933,000. Bank of America Corp DE acquired a new position in MDU Resources Group in the second quarter valued at approximately $129,159,000. Bank of New York Mellon Corp acquired a new position in MDU Resources Group in the second quarter valued at approximately $49,435,000. Finally, Legal & General Group Plc purchased a new stake in MDU Resources Group in the 2nd quarter worth approximately $23,378,000. Hedge funds and other institutional investors own 71.44% of the company’s stock.

MDU Resources Group Company Profile

MDU Resources Group, Inc is a regulated energy delivery company headquartered in Bismarck, North Dakota. Through its utility and pipeline businesses, the company provides electric and natural gas services to residential, commercial, industrial and institutional customers.

Montana-Dakota Utilities operates electric generation, transmission and distribution systems, as well as natural gas distribution networks, across parts of North Dakota, South Dakota, Montana and Wyoming. Great Plains Natural Gas provides natural gas service in portions of Minnesota.