MDU Resources Group, Inc. (NYSE:MDU - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $17.99, but opened at $17.23. MDU Resources Group shares last traded at $17.45, with a volume of 237,239 shares.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on MDU shares. Jefferies Financial Group initiated coverage on shares of MDU Resources Group in a research report on Wednesday, January 8th. They set a "hold" rating and a $18.00 price target for the company. Siebert Williams Shank upgraded MDU Resources Group from a "hold" rating to a "buy" rating and set a $19.00 price objective on the stock in a research report on Monday, November 4th. StockNews.com downgraded shares of MDU Resources Group from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Bank of America upgraded shares of MDU Resources Group from a "neutral" rating to a "buy" rating and reduced their price target for the company from $31.00 to $17.00 in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $21.00.
Check Out Our Latest Analysis on MDU
MDU Resources Group Stock Down 0.7 %
The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3.36 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 2.61 and a beta of 0.80. The company's fifty day moving average price is $18.26 and its 200-day moving average price is $22.48.
MDU Resources Group (NYSE:MDU - Get Free Report) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. MDU Resources Group had a return on equity of 10.20% and a net margin of 7.31%. Analysts forecast that MDU Resources Group, Inc. will post 0.95 earnings per share for the current year.
MDU Resources Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Thursday, December 12th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.52 dividend on an annualized basis and a yield of 3.16%. MDU Resources Group's dividend payout ratio is currently 37.68%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in MDU Resources Group in the 3rd quarter worth approximately $25,000. Principal Securities Inc. increased its holdings in shares of MDU Resources Group by 164.4% in the 4th quarter. Principal Securities Inc. now owns 1,470 shares of the utilities provider's stock worth $26,000 after purchasing an additional 914 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of MDU Resources Group by 158.9% in the third quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider's stock worth $33,000 after purchasing an additional 734 shares during the last quarter. Crews Bank & Trust bought a new position in shares of MDU Resources Group during the fourth quarter valued at $39,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of MDU Resources Group during the third quarter valued at $40,000. Institutional investors own 71.44% of the company's stock.
About MDU Resources Group
(
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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