MDU Resources Group (NYSE:MDU) Sets New 1-Year High at $25.32

MDU Resources Group, Inc. (NYSE:MDUGet Free Report) reached a new 52-week high on Monday . The stock traded as high as $25.32 and last traded at $25.32, with a volume of 245 shares changing hands. The stock had previously closed at $25.20.

Analysts Set New Price Targets

Separately, StockNews.com raised MDU Resources Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st.

Get Our Latest Analysis on MDU Resources Group

MDU Resources Group Stock Performance

The firm has a market capitalization of $5.16 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 2.65 and a beta of 0.78. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average of $21.61 and a 200-day moving average of $20.07.

MDU Resources Group (NYSE:MDUGet Free Report) last announced its earnings results on Thursday, February 8th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter. The business had revenue of $1.14 billion during the quarter. MDU Resources Group had a return on equity of 8.84% and a net margin of 8.35%. On average, equities analysts anticipate that MDU Resources Group, Inc. will post 1.52 earnings per share for the current fiscal year.

MDU Resources Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Thursday, March 14th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Wednesday, March 13th. MDU Resources Group’s dividend payout ratio is currently 24.51%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Graham Capital Management L.P. bought a new position in shares of MDU Resources Group in the 3rd quarter worth about $958,000. American Century Companies Inc. raised its position in shares of MDU Resources Group by 986.4% in the 3rd 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 in the last quarter. FMR LLC raised its position in shares of MDU Resources Group by 48.7% in the 3rd quarter. FMR LLC now owns 3,585,707 shares of the utilities provider’s stock worth $70,208,000 after acquiring an additional 1,174,799 shares in the last quarter. Inspire Investing LLC raised its position in shares of MDU Resources Group by 4.5% in the 3rd quarter. Inspire Investing LLC now owns 15,689 shares of the utilities provider’s stock worth $307,000 after acquiring an additional 672 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of MDU Resources Group by 32.1% in the 3rd quarter. Invesco Ltd. now owns 1,301,511 shares of the utilities provider’s stock worth $25,484,000 after acquiring an additional 316,264 shares in the last quarter. 71.44% of the stock is owned by institutional investors.

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 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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