StockNews.com assumed coverage on shares of MDU Resources Group (NYSE:MDU - Free Report) in a research note released on Thursday. The firm issued a hold rating on the utilities provider's stock.
A number of other analysts have also recently commented on MDU. Siebert Williams Shank upgraded shares of MDU Resources Group from a "hold" rating to a "buy" rating and set a $19.00 price target for the company in a research note on Monday, November 4th. Bank of America upgraded MDU Resources Group from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $31.00 to $17.00 in a research report on Tuesday, November 5th.
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MDU Resources Group Stock Performance
Shares of MDU stock traded up $0.08 during trading on Thursday, reaching $18.33. The company had a trading volume of 735,757 shares, compared to its average volume of 1,628,917. The firm's 50 day simple moving average is $20.91 and its two-hundred day simple moving average is $24.14. MDU Resources Group has a one year low of $14.91 and a one year high of $30.52. The company has a market capitalization of $3.74 billion, a PE ratio of 9.40, a PEG ratio of 2.44 and a beta of 0.79. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.07.
MDU Resources Group (NYSE:MDU - Get Free Report) last announced its earnings results on Thursday, November 7th. The utilities provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $969.17 million. MDU Resources Group had a return on equity of 11.24% and a net margin of 8.92%. MDU Resources Group's revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. Sell-side analysts forecast that MDU Resources Group will post 1.13 earnings per share for the current year.
MDU Resources Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Thursday, December 12th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, December 12th. MDU Resources Group's payout ratio is currently 26.67%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in MDU. Zurcher Kantonalbank Zurich Cantonalbank raised its position in MDU Resources Group by 15.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,808 shares of the utilities provider's stock worth $1,250,000 after purchasing an additional 6,587 shares during the period. Atlas Capital Advisors LLC bought a new stake in shares of MDU Resources Group during the 2nd quarter worth approximately $27,000. Americana Partners LLC purchased a new position in MDU Resources Group during the 2nd quarter valued at $246,000. Ingalls & Snyder LLC grew its position in MDU Resources Group by 3.4% in the 2nd quarter. Ingalls & Snyder LLC now owns 38,485 shares of the utilities provider's stock valued at $966,000 after acquiring an additional 1,275 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in MDU Resources Group by 82.4% in the second quarter. Natixis Advisors LLC now owns 38,726 shares of the utilities provider's stock worth $972,000 after purchasing an additional 17,498 shares during the period. Institutional investors own 71.44% of the company's stock.
MDU Resources Group Company Profile
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MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.
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