MDU Resources Group (NYSE:MDU) Upgraded to Overweight at JPMorgan Chase & Co.

MDU Resources Group (NYSE:MDU) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Thursday, Marketbeat Ratings reports. The firm currently has a $27.00 target price on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 29.56% from the stock’s current price.

A number of other equities analysts have also weighed in on MDU. Wells Fargo & Company started coverage on MDU Resources Group in a research note on Monday, July 13th. They issued an “overweight” rating and a $25.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MDU Resources Group in a research note on Wednesday, July 8th. Finally, TD Cowen boosted their price target on shares of MDU Resources Group to $22.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.40.

MDU Resources Group Price Performance

NYSE MDU traded up $0.82 on Thursday, hitting $20.84. The stock had a trading volume of 1,821,002 shares, compared to its average volume of 1,773,161. The firm has a 50-day moving average of $20.95 and a 200-day moving average of $21.11. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 0.78. MDU Resources Group has a 52-week low of $15.76 and a 52-week high of $22.98. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 3.72 and a beta of 0.67.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. MDU Resources Group had a net margin of 10.47% and a return on equity of 6.82%. The firm had revenue of $375.20 million during the quarter, compared to analyst estimates of $396.56 million. During the same period in the previous year, the business earned $0.07 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Equities analysts expect that MDU Resources Group will post 0.98 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MDU. Focus Partners Advisor Solutions LLC purchased a new position in shares of MDU Resources Group in the 2nd quarter valued at approximately $615,000. GSA Capital Partners LLP purchased a new position in MDU Resources Group during the second quarter valued at $1,341,000. GAMMA Investing LLC grew its position in shares of MDU Resources Group by 53.2% in the 2nd quarter. GAMMA Investing LLC now owns 4,617 shares of the utilities provider’s stock worth $98,000 after buying an additional 1,603 shares during the period. Ballast Advisors LLC bought a new position in shares of MDU Resources Group in the 1st quarter worth about $121,000. Finally, Parallel Advisors LLC lifted its position in 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 acquiring an additional 1,585 shares during the period. Hedge funds and other institutional investors own 71.44% of the company’s stock.

About MDU Resources Group

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.