MDU Resources Group Inc. (NYSE:MDU) shares were down 2.2% during trading on Thursday . The company traded as low as $23.66 and last traded at $23.75, with a volume of 449,943 shares. The stock had previously closed at $24.28.

A number of research analysts have commented on MDU shares. Zacks Investment Research raised MDU Resources Group from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a report on Tuesday, May 10th. TheStreet raised MDU Resources Group from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Finally, Argus raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, May 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $21.90.

The stock has a 50 day moving average of $23.04 and a 200 day moving average of $19.67. The company’s market cap is $4.62 billion.

MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. During the same period in the prior year, the firm earned $0.12 EPS. The company earned $905.20 million during the quarter, compared to analyst estimates of $971.63 million. MDU Resources Group’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts forecast that MDU Resources Group Inc. will post $1.14 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Thursday, June 9th were given a $0.1875 dividend. The ex-dividend date was Tuesday, June 7th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.17%.

Other hedge funds recently made changes to their positions in the company. Russell Frank Co boosted its stake in shares of MDU Resources Group by 11.8% in the fourth quarter. Russell Frank Co now owns 385,613 shares of the company’s stock worth $7,142,000 after buying an additional 40,700 shares in the last quarter. Retirement Systems of Alabama raised its position in MDU Resources Group by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 250,909 shares of the company’s stock worth $4,597,000 after buying an additional 3,530 shares during the last quarter. California State Teachers Retirement System raised its position in MDU Resources Group by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 372,386 shares of the company’s stock worth $6,822,000 after buying an additional 5,811 shares during the last quarter. First Trust Advisors LP raised its position in MDU Resources Group by 62.5% in the fourth quarter. First Trust Advisors LP now owns 1,133,410 shares of the company’s stock worth $20,764,000 after buying an additional 435,863 shares during the last quarter. Finally, Rhumbline Advisers raised its position in MDU Resources Group by 0.9% in the fourth quarter. Rhumbline Advisers now owns 289,830 shares of the company’s stock worth $5,310,000 after buying an additional 2,558 shares during the last quarter.

MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.

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