StockNews.com began coverage on shares of MDU Resources Group (NYSE:MDU - Free Report) in a report issued on Friday morning. The firm issued a hold rating on the utilities provider's stock.
Other equities analysts also recently issued research reports about the stock. Bank of America upgraded shares of MDU Resources Group from a "neutral" rating to a "buy" rating and cut their price target for the company from $31.00 to $17.00 in a report on Tuesday, November 5th. Siebert Williams Shank raised MDU Resources Group from a "hold" rating to a "buy" rating and set a $19.00 price target on the stock in a research note on Monday, November 4th.
Get Our Latest Stock Analysis on MDU Resources Group
MDU Resources Group Trading Up 1.2 %
MDU traded up $0.22 during mid-day trading on Friday, hitting $18.16. 1,515,708 shares of the stock were exchanged, compared to its average volume of 1,468,654. The company has a market cap of $3.70 billion, a PE ratio of 9.31, a PEG ratio of 2.44 and a beta of 0.79. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. The firm's fifty day moving average is $19.36 and its two-hundred day moving average is $23.82. MDU Resources Group has a 1-year low of $14.91 and a 1-year high of $30.52.
MDU Resources Group (NYSE:MDU - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $969.17 million. MDU Resources Group had a net margin of 8.92% and a return on equity of 11.24%. The company's revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. Equities analysts forecast that MDU Resources Group will post 1.13 earnings per share for the current fiscal year.
MDU Resources Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Thursday, December 12th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.86%. The ex-dividend date was Thursday, December 12th. MDU Resources Group's dividend payout ratio (DPR) is presently 26.67%.
Institutional Trading of MDU Resources Group
A number of hedge funds have recently made changes to their positions in MDU. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in MDU Resources Group by 40.9% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,048,344 shares of the utilities provider's stock valued at $151,813,000 after acquiring an additional 1,756,530 shares in the last quarter. American Century Companies Inc. raised its stake in shares of MDU Resources Group by 30.7% in the 2nd quarter. American Century Companies Inc. now owns 4,158,224 shares of the utilities provider's stock valued at $104,371,000 after purchasing an additional 977,487 shares in the last quarter. Hood River Capital Management LLC bought a new stake in MDU Resources Group during the second quarter valued at $24,372,000. Dimensional Fund Advisors LP lifted its position in shares of MDU Resources Group by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,491,990 shares of the utilities provider's stock worth $188,049,000 after buying an additional 563,424 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of MDU Resources Group by 36.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,745,980 shares of the utilities provider's stock worth $43,824,000 after buying an additional 467,465 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company's stock.
MDU Resources Group Company Profile
(
Get Free Report)
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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