MDU Resources Group, Inc. (NYSE:MDU) – Equities research analysts at KeyCorp decreased their FY2017 earnings estimates for shares of MDU Resources Group in a research note issued on Thursday. KeyCorp analyst P. Ridzon now expects that the utilities provider will earn $1.20 per share for the year, down from their prior estimate of $1.25. KeyCorp has a “Buy” rating and a $28.00 price target on the stock. KeyCorp also issued estimates for MDU Resources Group’s Q4 2017 earnings at $0.34 EPS and FY2018 earnings at $1.30 EPS.

MDU has been the topic of a number of other reports. Zacks Investment Research upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Wednesday, October 11th. BidaskClub upgraded shares of MDU Resources Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $30.75.

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MDU Resources Group (NYSE MDU) opened at $26.16 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.10 and a current ratio of 1.46. MDU Resources Group has a one year low of $25.14 and a one year high of $29.92. The stock has a market cap of $5,109.16, a P/E ratio of 21.98, a PEG ratio of 2.72 and a beta of 0.92.

MDU Resources Group (NYSE:MDU) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). The company had revenue of $1.27 billion during the quarter. MDU Resources Group had a return on equity of 10.26% and a net margin of 5.39%. During the same quarter in the prior year, the company earned $0.45 EPS.

In other MDU Resources Group news, CEO David L. Goodin acquired 5,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $25.57 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the chief executive officer now owns 95,210 shares in the company, valued at $2,434,519.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.95% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDU. GHP Investment Advisors Inc. lifted its position in MDU Resources Group by 18.7% during the third quarter. GHP Investment Advisors Inc. now owns 25,647 shares of the utilities provider’s stock valued at $666,000 after acquiring an additional 4,048 shares during the last quarter. John G Ullman & Associates Inc. lifted its position in MDU Resources Group by 3.3% during the third quarter. John G Ullman & Associates Inc. now owns 254,007 shares of the utilities provider’s stock valued at $6,591,000 after acquiring an additional 8,188 shares during the last quarter. Principal Financial Group Inc. lifted its position in MDU Resources Group by 0.4% during the third quarter. Principal Financial Group Inc. now owns 829,768 shares of the utilities provider’s stock valued at $21,532,000 after acquiring an additional 3,261 shares during the last quarter. Prudential Financial Inc. lifted its position in MDU Resources Group by 55.0% during the third quarter. Prudential Financial Inc. now owns 2,072,325 shares of the utilities provider’s stock valued at $53,776,000 after acquiring an additional 735,440 shares during the last quarter. Finally, Parnassus Investments CA lifted its position in MDU Resources Group by 2.0% during the third quarter. Parnassus Investments CA now owns 15,699,658 shares of the utilities provider’s stock valued at $407,406,000 after acquiring an additional 307,876 shares during the last quarter. Hedge funds and other institutional investors own 63.32% 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.

Earnings History and Estimates for MDU Resources Group (NYSE:MDU)

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