ValuEngine upgraded shares of MDU Resources Group (NYSE:MDU) from a hold rating to a buy rating in a research report report published on Wednesday.
MDU has been the subject of several other reports. Zacks Investment Research downgraded shares of MDU Resources Group from a buy rating to a hold rating in a research report on Tuesday, November 7th. KeyCorp reissued a buy rating and set a $29.50 target price on shares of MDU Resources Group in a research report on Friday, December 15th. Finally, Williams Capital decreased their target price on shares of MDU Resources Group from $30.00 to $28.00 and set a buy rating for the company in a research report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $29.17.
Shares of MDU Resources Group (MDU) opened at $26.48 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.04 and a debt-to-equity ratio of 0.64. The company has a market cap of $5,130.65, a PE ratio of 18.39, a PEG ratio of 2.28 and a beta of 0.78. MDU Resources Group has a 52-week low of $24.29 and a 52-week high of $28.22.
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Thursday, March 8th will be issued a dividend of $0.1975 per share. 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 (DPR) is presently 54.86%.
Institutional investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. purchased a new position in MDU Resources Group during the fourth quarter worth about $118,000. Sei Investments Co. boosted its holdings in MDU Resources Group by 47.4% during the third quarter. Sei Investments Co. now owns 7,509 shares of the utilities provider’s stock worth $195,000 after purchasing an additional 2,414 shares during the last quarter. Wedbush Securities Inc. purchased a new position in MDU Resources Group during the fourth quarter worth about $213,000. X Square Capital LLC purchased a new position in MDU Resources Group during the fourth quarter worth about $233,000. Finally, Parametrica Management Ltd purchased a new position in MDU Resources Group during the fourth quarter worth about $248,000. Institutional investors and hedge funds own 63.17% of the company’s stock.
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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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