MDU Resources Group (NYSE:MDU) Upgraded to “Buy” at StockNews.com

MDU Resources Group (NYSE:MDUGet Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Separately, Argus upgraded MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Monday, May 20th.

Read Our Latest Research Report on MDU Resources Group

MDU Resources Group Stock Performance

Shares of MDU Resources Group stock traded up $0.03 during trading on Monday, hitting $25.22. 1,356,300 shares of the company’s stock were exchanged, compared to its average volume of 1,242,496. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 2.71 and a beta of 0.78. The business has a 50-day simple moving average of $24.71 and a 200-day simple moving average of $21.65. MDU Resources Group has a 52-week low of $18.04 and a 52-week high of $25.99. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.37 and a current ratio of 1.43.

MDU Resources Group (NYSE:MDUGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. MDU Resources Group had a return on equity of 11.42% and a net margin of 10.74%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business posted $0.23 EPS. The company’s revenue was down 15.1% on a year-over-year basis. On average, research analysts forecast that MDU Resources Group will post 1.55 EPS for the current year.

Insider Activity

In other MDU Resources Group news, insider Rob L. Johnson purchased 36,291 shares of MDU Resources Group stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average price of $25.46 per share, with a total value of $923,968.86. Following the acquisition, the insider now owns 41,934 shares of the company’s stock, valued at approximately $1,067,639.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On MDU Resources Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDU. Graham Capital Management L.P. acquired a new position in shares of MDU Resources Group during the 3rd quarter worth about $958,000. American Century Companies Inc. boosted its stake in shares of MDU Resources Group by 986.4% in the third quarter. American Century Companies Inc. now owns 532,361 shares of the utilities provider’s stock worth $10,424,000 after acquiring an additional 483,358 shares during the last quarter. Oak Thistle LLC increased its position in shares of MDU Resources Group by 248.4% during the fourth quarter. Oak Thistle LLC now owns 56,077 shares of the utilities provider’s stock worth $1,110,000 after purchasing an additional 39,980 shares in the last quarter. River Road Asset Management LLC raised its stake in MDU Resources Group by 49.6% in the 4th quarter. River Road Asset Management LLC now owns 2,931,590 shares of the utilities provider’s stock valued at $58,045,000 after purchasing an additional 972,540 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new position in MDU Resources Group in the 4th quarter valued at $1,022,000. Hedge funds and other institutional investors own 71.44% of the company’s stock.

About MDU Resources Group

(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 four segments: Electric, Natural Gas Distribution, Pipeline, 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 82 transmission and 298 distribution substations.

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