MDU Resources Group Inc. (NYSE:MDU) has earned a consensus recommendation of “Buy” from the seven brokerages that are covering the firm. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $21.38.

Several equities research analysts recently issued reports on MDU shares. Argus upgraded 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. Williams Capital reiterated a “buy” rating on shares of MDU Resources Group in a research note on Friday, August 12th. Finally, Zacks Investment Research cut MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th.

Shares of MDU Resources Group (NYSE:MDU) traded up 0.78% on Tuesday, reaching $24.43. The company’s stock had a trading volume of 306,380 shares. MDU Resources Group has a 52-week low of $15.58 and a 52-week high of $24.67. The firm has a 50 day moving average of $23.58 and a 200 day moving average of $22.02. The company’s market cap is $4.77 billion.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The business earned $1.04 billion during the quarter, compared to analysts’ expectations of $1.07 billion. MDU Resources Group had a positive return on equity of 8.39% and a negative net margin of 3.99%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 earnings per share. Analysts predict that MDU Resources Group will post $1.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Thursday, September 8th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $0.75 annualized dividend and a yield of 3.09%. MDU Resources Group’s dividend payout ratio is currently -85.23%.

In other MDU Resources Group news, Director Thomas S. Everist sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $23.61, for a total transaction of $708,300.00. Following the completion of the transaction, the director now directly owns 79,572 shares in the company, valued at $1,878,694.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of MDU Resources Group by 170.2% in the first quarter. JPMorgan Chase & Co. now owns 280,619 shares of the company’s stock valued at $5,462,000 after buying an additional 176,763 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of MDU Resources Group by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,796,854 shares of the company’s stock valued at $112,807,000 after buying an additional 134,466 shares during the period. BlackRock Fund Advisors increased its position in shares of MDU Resources Group by 0.3% in the first quarter. BlackRock Fund Advisors now owns 6,394,638 shares of the company’s stock valued at $124,440,000 after buying an additional 21,622 shares during the period. BlackRock Group LTD increased its position in shares of MDU Resources Group by 6.2% in the first quarter. BlackRock Group LTD now owns 610,292 shares of the company’s stock valued at $11,876,000 after buying an additional 35,516 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of MDU Resources Group by 231.6% in the first quarter. Prudential Financial Inc. now owns 2,496,864 shares of the company’s stock valued at $48,589,000 after buying an additional 1,743,872 shares during the period. Institutional investors own 63.55% of the company’s stock.

MDU Resources Group Company Profile

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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