MDU Resources Group, Inc. (MDU) Stock Rating Lowered by Zacks Investment Research

MDU Resources Group, Inc. (NYSE:MDU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

According to Zacks, “MDU Resources Group, Inc. provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, including regulated businesses, an exploration and production company and construction companies. MDU Resources includes regulated electric and natural gas utilities and regulated natural gas pipelines and energy services, natural gas and oil production, construction materials and contracting, and construction services. “

Other analysts also recently issued reports about the company. BidaskClub upgraded MDU Resources Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. KeyCorp reiterated a “buy” rating and set a $28.00 target price on shares of MDU Resources Group in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.75.

MDU Resources Group (NYSE MDU) traded down $0.53 during midday trading on Tuesday, reaching $26.36. 970,000 shares of the company’s stock traded hands, compared to its average volume of 854,536. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 1.01. The stock has a market capitalization of $5,251.73, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.82 and a beta of 0.92. MDU Resources Group has a 52 week low of $25.14 and a 52 week high of $29.92.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). The firm had revenue of $1.27 billion for the quarter. MDU Resources Group had a return on equity of 10.20% and a net margin of 5.39%. During the same period last year, the firm earned $0.45 earnings per share. research analysts anticipate that MDU Resources Group will post 1.19 EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the stock. AT Bancorp bought a new stake in shares of MDU Resources Group in the second quarter valued at about $131,000. Global X Management Co. LLC raised its holdings in shares of MDU Resources Group by 220.3% in the second quarter. Global X Management Co. LLC now owns 6,198 shares of the utilities provider’s stock valued at $162,000 after acquiring an additional 4,263 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of MDU Resources Group by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,671 shares of the utilities provider’s stock valued at $175,000 after acquiring an additional 537 shares in the last quarter. Mosaic Family Wealth LLC raised its holdings in shares of MDU Resources Group by 5.7% in the second quarter. Mosaic Family Wealth LLC now owns 6,972 shares of the utilities provider’s stock valued at $183,000 after acquiring an additional 374 shares in the last quarter. Finally, Ffcm LLC raised its holdings in shares of MDU Resources Group by 5.7% in the second quarter. Ffcm LLC now owns 7,360 shares of the utilities provider’s stock valued at $193,000 after acquiring an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 63.79% of the company’s stock.

MDU Resources Group Company Profile

MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.

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