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

Analysts at StockNews.com assumed coverage on shares of MDU Resources Group (NYSE:MDU) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the utilities provider’s stock.

A number of other equities research analysts have also recently weighed in on MDU. Siebert Williams Shank raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Monday, November 4th. Bank of America raised MDU Resources Group from a “neutral” rating to a “buy” rating and cut their target price for the company from $31.00 to $17.00 in a research note on Tuesday, November 5th.

MDU Resources Group Trading Down 0.4 %

NYSE:MDU opened at $17.94 on Friday. The firm has a market capitalization of $3.66 billion, a P/E ratio of 9.20, a P/E/G ratio of 2.44 and a beta of 0.79. The business has a 50 day simple moving average of $19.58 and a 200 day simple moving average of $23.87. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.07. MDU Resources Group has a 12-month low of $14.91 and a 12-month high of $30.52.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $969.17 million. MDU Resources Group had a net margin of 8.92% and a return on equity of 11.24%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Equities research analysts predict that MDU Resources Group will post 1.13 EPS for the current year.

Hedge Funds Weigh In On MDU Resources Group

Several hedge funds have recently modified their holdings of MDU. V Square Quantitative Management LLC acquired a new position in MDU Resources Group during the third quarter worth about $25,000. Venturi Wealth Management LLC boosted its position in shares of MDU Resources Group by 158.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,196 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 734 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of MDU Resources Group in the 3rd quarter worth approximately $40,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of MDU Resources Group by 23.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 413 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of MDU Resources Group by 238.1% in the 3rd quarter. Blue Trust Inc. now owns 2,935 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 2,067 shares in the last quarter. 71.44% of the stock is currently owned by institutional investors and hedge funds.

About MDU Resources Group

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.