MDU Resources Group (NYSE:MDU) Sets New 12-Month High – Here’s What Happened

MDU Resources Group, Inc. (NYSE:MDU)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $22.49 and last traded at $22.5450, with a volume of 340310 shares changing hands. The stock had previously closed at $21.95.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. assumed coverage on MDU Resources Group in a research report on Thursday, April 16th. They issued a “neutral” rating and a $22.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of MDU Resources Group in a research report on Friday, April 10th. Loop Capital set a $21.00 target price on MDU Resources Group in a research report on Tuesday, February 24th. Finally, Citigroup reiterated a “neutral” rating on shares of MDU Resources Group in a research report on Thursday, January 15th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $21.25.

MDU Resources Group Stock Up 0.3%

The company has a debt-to-equity ratio of 0.91, a current ratio of 0.84 and a quick ratio of 0.78. The company has a market capitalization of $4.63 billion, a PE ratio of 24.31, a P/E/G ratio of 4.15 and a beta of 0.70. The business has a 50-day moving average of $21.13 and a 200 day moving average of $20.46.

MDU Resources Group (NYSE:MDU) last posted its earnings results on Thursday, February 5th. The utilities provider reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $534.00 million for the quarter, compared to the consensus estimate of $560.72 million. MDU Resources Group had a return on equity of 6.98% and a net margin of 10.15%.The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Equities research analysts predict that MDU Resources Group, Inc. will post 0.98 earnings per share for the current year.

MDU Resources Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, March 12th. MDU Resources Group’s payout ratio is presently 60.22%.

Insiders Place Their Bets

In related news, Director Charles M. Kelley acquired 5,000 shares of MDU Resources Group stock in a transaction on Friday, February 13th. The shares were bought at an average cost of $20.84 per share, with a total value of $104,200.00. Following the completion of the purchase, the director directly owned 8,031 shares of the company’s stock, valued at $167,366.04. The trade was a 164.96% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.50% of the stock is owned by insiders.

Institutional Investors Weigh In On MDU Resources Group

Several large investors have recently added to or reduced their stakes in MDU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in MDU Resources Group by 8.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 499,908 shares of the utilities provider’s stock worth $8,453,000 after acquiring an additional 39,978 shares during the last quarter. Quantbot Technologies LP bought a new stake in MDU Resources Group during the second quarter worth approximately $370,000. EverSource Wealth Advisors LLC increased its stake in MDU Resources Group by 56.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 904 shares during the last quarter. Amundi bought a new stake in MDU Resources Group during the second quarter worth approximately $564,000. Finally, Jump Financial LLC increased its stake in MDU Resources Group by 355.9% during the second quarter. Jump Financial LLC now owns 178,703 shares of the utilities provider’s stock worth $2,979,000 after acquiring an additional 139,503 shares during the last quarter. 71.44% of the stock is owned by institutional investors.

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.