MDU Resources Group, Inc. (NYSE:MDU) Stock Has Consensus Target Price of $23.40

MDU Resources Group, Inc. (NYSE:MDU) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Four 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 analysts that have covered the stock in the last year is $23.40.

MDU has been the subject of several analyst reports. Wells Fargo & Company assumed coverage on MDU Resources Group in a report on Monday, July 13th. They issued an “overweight” rating and a $25.00 target price on the stock. Weiss Ratings lowered MDU Resources Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 28th. Finally, JPMorgan Chase & Co. upgraded MDU Resources Group from a “neutral” rating to an “overweight” rating and set a $27.00 price target for the company in a research report on Thursday, August 6th.

MDU Resources Group Price Performance

NYSE MDU opened at $18.60 on Wednesday. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 3.44 and a beta of 0.66. MDU Resources Group has a 1-year low of $17.57 and a 1-year high of $22.98. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.99 and a quick ratio of 0.95. The business’s fifty day moving average price is $19.65 and its 200-day moving average price is $20.79.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $375.30 million during the quarter, compared to analyst estimates of $396.56 million. MDU Resources Group had a return on equity of 6.89% and a net margin of 10.75%.MDU Resources Group’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. On average, equities analysts predict that MDU Resources Group will post 0.98 earnings per share for the current year.

MDU Resources Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid a dividend of $0.1450 per share. The ex-dividend date of this dividend was Thursday, September 10th. This is a positive change from MDU Resources Group’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a yield of 3.1%. MDU Resources Group’s dividend payout ratio is 61.05%.

Institutional Investors Weigh In On MDU Resources Group

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in MDU Resources Group in the second quarter worth about $580,127,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in MDU Resources Group during the second quarter worth approximately $276,933,000. Bank of America Corp DE bought a new stake in MDU Resources Group in the second quarter worth $129,159,000. Norges Bank purchased a new stake in shares of MDU Resources Group in the fourth quarter valued at $59,617,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of MDU Resources Group in the 1st quarter worth about $52,457,000. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

MDU Resources Group Company Profile

MDU Resources Group, Inc (NYSE: MDU) is a regulated energy company that provides electric and natural gas utility services. Through its utility subsidiaries, the company generates, purchases, transmits and distributes electricity, while also delivering natural gas to residential, commercial and industrial customers.

MDU’s principal utility operations include Montana-Dakota Utilities Co, which serves communities in North Dakota, South Dakota, Montana and Wyoming, and Intermountain Gas Company, which provides natural gas service in Idaho.