Analysts Set MDU Resources Group, Inc. (NYSE:MDU) Price Target at $21.75

MDU Resources Group, Inc. (NYSE:MDU) has been given an average recommendation of “Hold” by the six ratings firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $21.75.

Several equities analysts have recently commented on the company. Loop Capital set a $21.00 price objective on MDU Resources Group in a research report on Tuesday, February 24th. JPMorgan Chase & Co. assumed coverage on MDU Resources Group in a research report on Thursday, April 16th. They set 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. Finally, TD Cowen increased their price objective on MDU Resources Group to $22.00 and gave the company a “hold” rating in a research report on Friday, May 15th.

Hedge Funds Weigh In On MDU Resources Group

Several institutional investors have recently modified their holdings of the company. Parallel Advisors LLC increased its position in shares of MDU Resources Group by 69.3% during the 1st quarter. Parallel Advisors LLC now owns 3,871 shares of the utilities provider’s stock valued at $80,000 after purchasing an additional 1,585 shares during the last quarter. Bank of America Corp DE grew its stake in shares of MDU Resources Group by 1.6% during the first quarter. Bank of America Corp DE now owns 6,202,460 shares of the utilities provider’s stock valued at $128,515,000 after buying an additional 97,389 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of MDU Resources Group by 15.2% during the first quarter. Janus Henderson Group PLC now owns 93,228 shares of the utilities provider’s stock valued at $1,932,000 after buying an additional 12,300 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of MDU Resources Group by 1.7% during the first quarter. Arkadios Wealth Advisors now owns 27,316 shares of the utilities provider’s stock valued at $566,000 after buying an additional 449 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of MDU Resources Group by 21.9% during the first quarter. California State Teachers Retirement System now owns 235,773 shares of the utilities provider’s stock valued at $4,885,000 after buying an additional 42,329 shares during the last quarter. 71.44% of the stock is currently owned by institutional investors.

MDU Resources Group Stock Down 0.3%

MDU stock opened at $20.78 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.75 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $21.76 and its 200 day moving average is $20.81. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 3.86 and a beta of 0.66. MDU Resources Group has a 1-year low of $15.76 and a 1-year high of $22.98.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The company had revenue of $605.98 million during the quarter, compared to the consensus estimate of $688.34 million. MDU Resources Group had a return on equity of 6.82% and a net margin of 10.47%.The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter last year, the company posted $0.40 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Sell-side analysts predict that MDU Resources Group will post 0.98 EPS for the current fiscal year.

MDU Resources Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.56 annualized dividend and a dividend yield of 2.7%. MDU Resources Group’s dividend payout ratio is 60.87%.

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.