MDU Resources Group, Inc. (NYSE:MDU) Given Consensus Rating of “Hold” by Analysts

MDU Resources Group, Inc. (NYSE:MDU) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $23.40.

A number of analysts have recently commented on MDU shares. TD Cowen lifted 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. Wells Fargo & Company assumed coverage on shares of MDU Resources Group in a report on Monday, July 13th. They set an “overweight” rating and a $25.00 price objective for the company. JPMorgan Chase & Co. upgraded shares of MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 price objective on the stock in a research report on Thursday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of MDU Resources Group in a report on Wednesday, July 8th.

Institutional Trading of MDU Resources Group

Several large investors have recently modified their holdings of MDU. Flagship Harbor Advisors LLC purchased a new stake in MDU Resources Group during the fourth quarter valued at $27,000. Geneos Wealth Management Inc. lifted its holdings in MDU Resources Group by 94.5% in the second quarter. Geneos Wealth Management Inc. now owns 1,647 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 800 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in MDU Resources Group by 6,404.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,496 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 1,473 shares during the last quarter. Global Retirement Partners LLC boosted its position in MDU Resources Group by 13,185.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,860 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 1,846 shares during the last quarter. Finally, Trust Co. of Vermont bought a new stake in shares of MDU Resources Group during the 2nd quarter valued at about $39,000. Institutional investors own 71.44% of the company’s stock.

MDU Resources Group Price Performance

Shares of NYSE:MDU opened at $20.32 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.95 and a current ratio of 0.99. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 3.80 and a beta of 0.67. The business has a 50-day simple moving average of $20.92 and a two-hundred day simple moving average of $21.10. MDU Resources Group has a fifty-two week low of $15.76 and a fifty-two week high of $22.98.

MDU Resources Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 11th. MDU Resources Group’s dividend payout ratio is presently 58.95%.

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.