MDU Resources Group Inc. (NYSE:MDU) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $24.67 and last traded at $24.60, with a volume of 427,253 shares changing hands. The stock had previously closed at $24.39.

A number of 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 objective for the company 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 price objective for the company in a report on Tuesday, May 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $21.90.

The stock’s 50-day moving average price is $23.68 and its 200-day moving average price is $20.12. The firm’s market capitalization is $4.81 billion.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. During the same period in the prior year, the company earned $0.12 earnings per share. The firm earned $905.20 million during the quarter, compared to analyst estimates of $971.63 million. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities analysts predict that MDU Resources Group Inc. will post $1.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Thursday, June 9th were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Tuesday, June 7th.

A number of hedge funds have added to or reduced their stakes in MDU. Russell Frank Co raised its stake in MDU Resources Group by 11.8% in the fourth quarter. Russell Frank Co now owns 385,613 shares of the company’s stock valued at $7,142,000 after buying an additional 40,700 shares during the period. Rhumbline Advisers increased 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 valued at $5,310,000 after buying an additional 2,558 shares in the last quarter. California Public Employees Retirement System increased its position in MDU Resources Group by 2.0% in the fourth quarter. California Public Employees Retirement System now owns 599,616 shares of the company’s stock valued at $10,985,000 after buying an additional 11,800 shares in the last quarter. Comerica Bank increased its position in MDU Resources Group by 0.3% in the fourth quarter. Comerica Bank now owns 137,564 shares of the company’s stock valued at $2,407,000 after buying an additional 459 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in MDU Resources Group by 3.7% in the fourth quarter. New York State Common Retirement Fund now owns 463,395 shares of the company’s stock valued at $8,489,000 after buying an additional 16,495 shares in 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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