MDU Resources Group (MDU) Scheduled to Post Earnings on Thursday

MDU Resources Group (NYSE:MDUGet Free Report) will announce its earnings results before the market opens on Thursday, February 8th. Investors that wish to register for the company’s conference call can do so using this link.

MDU Resources Group (NYSE:MDUGet Free Report) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter. The business had revenue of $1 billion during the quarter. MDU Resources Group had a return on equity of 9.21% and a net margin of 6.35%. On average, analysts expect MDU Resources Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

MDU Resources Group Price Performance

MDU stock opened at $19.51 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.22. The business has a 50 day simple moving average of $19.42 and a 200-day simple moving average of $19.76. The firm has a market capitalization of $3.97 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 2.20 and a beta of 0.76. MDU Resources Group has a 1 year low of $18.04 and a 1 year high of $22.55.

MDU Resources Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Thursday, December 14th were given a $0.125 dividend. The ex-dividend date was Wednesday, December 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.56%. MDU Resources Group’s dividend payout ratio (DPR) is presently 28.25%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MDU. Norges Bank purchased a new position in MDU Resources Group in the fourth quarter worth approximately $61,385,000. State Street Corp grew its position in MDU Resources Group by 12.5% in the first quarter. State Street Corp now owns 15,468,160 shares of the utilities provider’s stock worth $415,454,000 after acquiring an additional 1,716,930 shares during the period. Millennium Management LLC grew its position in MDU Resources Group by 275.4% in the fourth quarter. Millennium Management LLC now owns 997,934 shares of the utilities provider’s stock worth $30,277,000 after acquiring an additional 732,104 shares during the period. Invesco Ltd. lifted its stake in MDU Resources Group by 55.2% during the first quarter. Invesco Ltd. now owns 1,852,604 shares of the utilities provider’s stock worth $49,372,000 after purchasing an additional 659,078 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in MDU Resources Group by 6,656.0% during the third quarter. Neuberger Berman Group LLC now owns 521,564 shares of the utilities provider’s stock worth $14,265,000 after purchasing an additional 513,844 shares in the last quarter. 71.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on MDU Resources Group in a research report on Thursday, October 5th. They issued a “hold” rating for the company.

Get Our Latest Stock Analysis on MDU Resources Group

MDU Resources Group Company Profile

(Get Free Report)

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 84 transmission and 294 distribution substations.

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Earnings History for MDU Resources Group (NYSE:MDU)

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