MDU Resources Group Inc. (NYSE:MDU) – Williams Capital lowered their Q1 2017 earnings estimates for shares of MDU Resources Group in a research note issued on Tuesday. Williams Capital analyst C. Ellinghaus now anticipates that the firm will post earnings of $0.20 per share for the quarter, down from their prior forecast of $0.21. Williams Capital currently has a “Buy” rating on the stock. Williams Capital also issued estimates for MDU Resources Group’s Q2 2017 earnings at $0.29 EPS, Q3 2017 earnings at $0.51 EPS, Q4 2017 earnings at $0.35 EPS, FY2017 earnings at $1.35 EPS and FY2018 earnings at $1.47 EPS.
MDU Resources Group (NYSE:MDU) last posted its earnings results on Wednesday, August 3rd. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. MDU Resources Group had a negative net margin of 3.99% and a positive return on equity of 8.39%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company posted $0.15 earnings per share. MDU Resources Group’s revenue for the quarter was up 11.3% compared to the same quarter last year.
Separately, Zacks Investment Research downgraded MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. MDU Resources Group has an average rating of “Hold” and an average target price of $21.90.
Shares of MDU Resources Group (NYSE:MDU) opened at 25.40 on Wednesday. MDU Resources Group has a 12 month low of $15.58 and a 12 month high of $25.79. The stock’s 50 day moving average is $23.99 and its 200 day moving average is $22.35. The firm’s market cap is $4.96 billion.
The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Thursday, September 8th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.95%. The ex-dividend date is Tuesday, September 6th. MDU Resources Group’s payout ratio is currently -85.23%.
In other MDU Resources Group news, Director Thomas S. Everist sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $23.14, for a total value of $694,200.00. Following the transaction, the director now directly owns 79,572 shares of the company’s stock, valued at approximately $1,841,296.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of MDU Resources Group during the fourth quarter worth approximately $33,673,000. Prudential Financial Inc. raised 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 worth $48,589,000 after buying an additional 1,743,872 shares in the last quarter. State Street Corp raised its position in shares of MDU Resources Group by 9.7% in the first quarter. State Street Corp now owns 15,317,653 shares of the company’s stock worth $298,091,000 after buying an additional 1,348,586 shares in the last quarter. Vanguard Group Inc. raised its position in shares of MDU Resources Group by 9.2% in the second quarter. Vanguard Group Inc. now owns 15,848,829 shares of the company’s stock worth $380,372,000 after buying an additional 1,339,894 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of MDU Resources Group by 1,648.2% in the first quarter. Renaissance Technologies LLC now owns 971,150 shares of the company’s stock worth $18,899,000 after buying an additional 915,600 shares in the last quarter. 63.16% of the stock is currently owned by institutional investors and hedge funds.
About MDU Resources Group
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.
Receive News & Ratings for MDU Resources Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDU Resources Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.