MDU Resources Group (NYSE:MDU) Now Covered by StockNews.com

Equities researchers at StockNews.com started coverage on shares of MDU Resources Group (NYSE:MDU) in a research note issued on Sunday. The brokerage set a “hold” rating on the utilities provider’s stock.

MDU Resources Group Stock Performance

Shares of MDU stock opened at $30.28 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73. MDU Resources Group has a 12-month low of $18.04 and a 12-month high of $30.52. The business’s 50 day moving average is $26.39 and its two-hundred day moving average is $25.60. The company has a market capitalization of $6.17 billion, a P/E ratio of 12.94, a P/E/G ratio of 2.66 and a beta of 0.77.

MDU Resources Group (NYSE:MDU) last announced its earnings results on Thursday, August 8th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.11. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. MDU Resources Group had a return on equity of 11.29% and a net margin of 9.25%. The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. Analysts expect that MDU Resources Group will post 1.58 EPS for the current fiscal year.

Institutional Investors Weigh In On MDU Resources Group

Several institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of MDU Resources Group by 1.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,782,538 shares of the utilities provider’s stock valued at $48,859,000 after acquiring an additional 33,982 shares during the last quarter. Blue Trust Inc. raised its stake in MDU Resources Group by 238.1% in the 3rd quarter. Blue Trust Inc. now owns 2,935 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 2,067 shares during the last quarter. Precedent Wealth Partners LLC purchased a new position in MDU Resources Group in the 3rd quarter valued at $389,000. V Square Quantitative Management LLC acquired a new stake in MDU Resources Group during the 3rd quarter worth $25,000. Finally, Bleakley Financial Group LLC grew its holdings in shares of MDU Resources Group by 0.5% during the third quarter. Bleakley Financial Group LLC now owns 169,263 shares of the utilities provider’s stock worth $4,640,000 after buying an additional 868 shares in the last quarter. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Company Profile

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.