Zacks Investment Research lowered shares of MDU Resources Group, Inc. (NYSE:MDU) from a hold rating to a strong sell rating in a research note issued to investors on Friday morning.

According to Zacks, “MDU Resources Group, Inc. provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, including regulated businesses, an exploration and production company and construction companies. MDU Resources includes regulated electric and natural gas utilities and regulated natural gas pipelines and energy services, natural gas and oil production, construction materials and contracting, and construction services. “

Separately, BidaskClub lowered shares of MDU Resources Group from a hold rating to a sell rating in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. MDU Resources Group has an average rating of Hold and an average target price of $32.33.

Shares of MDU Resources Group (NYSE:MDU) opened at 26.35 on Friday. MDU Resources Group has a 12-month low of $22.47 and a 12-month high of $29.92. The firm has a 50-day moving average of $26.37 and a 200 day moving average of $26.89. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 67.56 and a beta of 0.92.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. MDU Resources Group had a net margin of 1.83% and a return on equity of 10.47%. The company had revenue of $937.90 million for the quarter, compared to analyst estimates of $921.39 million. During the same period in the prior year, the firm posted $0.17 EPS. On average, equities research analysts expect that MDU Resources Group will post $1.21 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. AT Bancorp bought a new stake in shares of MDU Resources Group during the second quarter valued at approximately $131,000. Ffcm LLC increased its stake in shares of MDU Resources Group by 27.6% in the first quarter. Ffcm LLC now owns 6,964 shares of the utilities provider’s stock valued at $191,000 after buying an additional 1,508 shares during the last quarter. Sei Investments Co. increased its stake in shares of MDU Resources Group by 15.8% in the first quarter. Sei Investments Co. now owns 8,013 shares of the utilities provider’s stock valued at $219,000 after buying an additional 1,091 shares during the last quarter. Bank of The West increased its stake in shares of MDU Resources Group by 0.3% in the first quarter. Bank of The West now owns 8,059 shares of the utilities provider’s stock valued at $221,000 after buying an additional 23 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of MDU Resources Group during the first quarter valued at approximately $232,000. 63.73% of the stock is currently owned by institutional investors and hedge funds.

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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