MDU Resources Group (NYSE:MDU) had its target price cut by equities researchers at Williams Capital from $30.00 to $28.00 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. Williams Capital’s price target indicates a potential upside of 5.18% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised MDU Resources Group from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. KeyCorp reaffirmed a “buy” rating and issued a $29.50 target price on shares of MDU Resources Group in a report on Friday, December 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $29.17.

Shares of MDU Resources Group (MDU) opened at $26.62 on Thursday. The stock has a market capitalization of $4,990.03, a P/E ratio of 18.49, a P/E/G ratio of 2.41 and a beta of 0.81. MDU Resources Group has a 12-month low of $24.29 and a 12-month high of $28.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.28.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.07. The business had revenue of $1.17 billion for the quarter. MDU Resources Group had a return on equity of 10.59% and a net margin of 6.33%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. analysts forecast that MDU Resources Group will post 1.33 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Robeco Institutional Asset Management B.V. acquired a new stake in shares of MDU Resources Group in the 4th quarter valued at $118,000. Sei Investments Co. boosted its holdings in shares of MDU Resources Group by 47.4% in the 3rd quarter. Sei Investments Co. now owns 7,509 shares of the utilities provider’s stock valued at $195,000 after purchasing an additional 2,414 shares in the last quarter. Gs Investments Inc. acquired a new stake in shares of MDU Resources Group in the 2nd quarter valued at $200,000. Eqis Capital Management Inc. acquired a new stake in shares of MDU Resources Group in the 3rd quarter valued at $203,000. Finally, Wedbush Securities Inc. acquired a new stake in shares of MDU Resources Group in the 4th quarter valued at $213,000. 62.75% of the stock is currently owned by hedge funds and other institutional investors.

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MDU Resources Group Company Profile

MDU Resources Group, Inc is engaged in regulated energy delivery and construction materials and services business. The Company’s businesses segments are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity.

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