MDU Resources Group Inc. (NYSE:MDU) was down 2.2% during mid-day trading on Thursday . The stock 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.

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

The company’s market cap is $4.67 billion. The company has a 50-day moving average of $23.12 and a 200-day moving average of $19.72.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The company earned $905.20 million during the quarter, compared to analysts’ expectations of $971.63 million. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. Analysts expect that MDU Resources Group Inc. will post $1.14 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Thursday, June 9th were paid a $0.1875 dividend. The ex-dividend date was Tuesday, June 7th. This represents a $0.75 dividend on an annualized basis and a yield of 3.13%.

Other large investors have modified their holdings of the company. Russell Frank Co raised 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 during the last quarter. Retirement Systems of Alabama raised its stake in shares of 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 stake in shares of 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 stake in shares of 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 stake in shares of 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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