ValuEngine upgraded shares of MDU Resources Group (NYSE:MDU) from a hold rating to a buy rating in a report released on Wednesday.
Other equities research analysts also recently issued research reports about the company. KeyCorp reaffirmed a buy rating and set a $29.50 price objective on shares of MDU Resources Group in a research report on Friday, December 15th. Zacks Investment Research raised MDU Resources Group from a hold rating to a buy rating and set a $30.00 price objective on the stock in a research report on Tuesday, February 13th. Finally, Williams Capital dropped their price objective on MDU Resources Group from $30.00 to $28.00 and set a buy rating on the stock in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $29.17.
Shares of MDU Resources Group (NYSE:MDU) opened at $26.48 on Wednesday. MDU Resources Group has a 12-month low of $24.29 and a 12-month high of $28.22. The firm has a market capitalization of $5,171.65, a PE ratio of 18.39, a P/E/G ratio of 2.30 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.04 and a current ratio of 1.32.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Thursday, March 8th will be issued a $0.1975 dividend. This represents a $0.79 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, March 7th. MDU Resources Group’s dividend payout ratio is presently 54.86%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Prudential Financial Inc. boosted its holdings in MDU Resources Group by 55.0% in the third quarter. Prudential Financial Inc. now owns 2,072,325 shares of the utilities provider’s stock worth $53,776,000 after acquiring an additional 735,440 shares in the last quarter. Geode Capital Management LLC boosted its holdings in MDU Resources Group by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 1,929,203 shares of the utilities provider’s stock worth $51,856,000 after acquiring an additional 37,690 shares in the last quarter. Citadel Advisors LLC boosted its holdings in MDU Resources Group by 10.9% in the fourth quarter. Citadel Advisors LLC now owns 1,748,899 shares of the utilities provider’s stock worth $47,010,000 after acquiring an additional 172,500 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in MDU Resources Group by 52.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,545,228 shares of the utilities provider’s stock worth $41,536,000 after acquiring an additional 531,704 shares in the last quarter. Finally, Hermes Investment Management Ltd. boosted its holdings in MDU Resources Group by 4.3% in the fourth quarter. Hermes Investment Management Ltd. now owns 1,503,889 shares of the utilities provider’s stock worth $40,425,000 after acquiring an additional 62,483 shares in the last quarter. 63.17% of the stock is owned by institutional investors and hedge funds.
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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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