MDU Resources Group (NYSE:MDU) Sets New 12-Month High at $34.70

Shares of MDU Resources Group, Inc. (NYSE:MDU) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $34.70 and last traded at $34.61, with a volume of 1137 shares changing hands. The stock had previously closed at $34.55.

Several equities analysts have recently issued reports on the stock. Williams Capital reiterated a “buy” rating on shares of MDU Resources Group in a report on Friday, April 23rd. Zacks Investment Research upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Thursday, January 28th. Finally, Bank of America began coverage on shares of MDU Resources Group in a report on Monday, March 29th. They issued a “buy” rating and a $36.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $28.25.

The firm has a market capitalization of $6.87 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 2.83 and a beta of 0.71. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 0.75. The business’s 50 day simple moving average is $32.56 and its two-hundred day simple moving average is $28.19.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Wednesday, May 5th. The utilities provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.11. MDU Resources Group had a net margin of 6.75% and a return on equity of 12.87%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $588.41 million. During the same period in the previous year, the business earned $0.13 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that MDU Resources Group, Inc. will post 1.9 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Thursday, March 11th were given a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Wednesday, March 10th. MDU Resources Group’s payout ratio is 50.30%.

A number of institutional investors have recently modified their holdings of the stock. Horizon Investment Services LLC boosted its holdings in shares of MDU Resources Group by 3.2% during the 4th quarter. Horizon Investment Services LLC now owns 15,011 shares of the utilities provider’s stock valued at $395,000 after purchasing an additional 463 shares during the last quarter. Sowell Financial Services LLC raised its position in shares of MDU Resources Group by 41.0% during the 1st quarter. Sowell Financial Services LLC now owns 1,778 shares of the utilities provider’s stock valued at $60,000 after buying an additional 517 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in shares of MDU Resources Group by 1.8% during the 4th quarter. SeaCrest Wealth Management LLC now owns 29,097 shares of the utilities provider’s stock valued at $766,000 after buying an additional 520 shares in the last quarter. Palisade Asset Management LLC raised its position in shares of MDU Resources Group by 1.6% during the 4th quarter. Palisade Asset Management LLC now owns 36,990 shares of the utilities provider’s stock valued at $974,000 after buying an additional 600 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of MDU Resources Group by 0.4% during the 4th quarter. Hsbc Holdings PLC now owns 165,587 shares of the utilities provider’s stock valued at $4,289,000 after buying an additional 686 shares in the last quarter. 67.37% of the stock is owned by institutional investors.

About MDU Resources Group (NYSE:MDU)

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming.

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