MDU Resources Group (NYSE:MDU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $30.00 target price on the utilities provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 10.21% from the stock’s current price.

According to Zacks, “MDU Resources Group, Inc. provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, including regulated businesses, an exploration and production company and construction companies. MDU Resources includes regulated electric and natural gas utilities and regulated natural gas pipelines and energy services, natural gas and oil production, construction materials and contracting, and construction services. “

MDU has been the topic of a number of other research reports. KeyCorp restated a “buy” rating and set a $29.50 price target on shares of MDU Resources Group in a research note on Friday, December 15th. Williams Capital cut their price target on shares of MDU Resources Group from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th.

Shares of MDU Resources Group (MDU) opened at $27.22 on Tuesday. MDU Resources Group has a 52-week low of $24.29 and a 52-week 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. The company has a market cap of $5,259.55, a P/E ratio of 21.54, a P/E/G ratio of 2.34 and a beta of 0.81.

MDU Resources Group (NYSE:MDU) last posted its earnings results on Wednesday, February 7th. The utilities provider reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.07. MDU Resources Group had a net margin of 6.33% and a return on equity of 10.59%. The company had revenue of $1.17 billion during the quarter. During the same period in the previous year, the company earned $0.33 EPS. The company’s revenue was up 14.7% on a year-over-year basis. equities analysts forecast that MDU Resources Group will post 1.38 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Griffin Asset Management Inc. acquired a new position in MDU Resources Group during the 2nd quarter valued at approximately $215,000. Cadence Capital Management LLC acquired a new position in MDU Resources Group during the 3rd quarter valued at approximately $267,000. AMP Capital Investors Ltd increased its stake in MDU Resources Group by 108.0% during the 3rd quarter. AMP Capital Investors Ltd now owns 47,463 shares of the utilities provider’s stock valued at $1,232,000 after purchasing an additional 24,648 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in MDU Resources Group by 31.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 34,024 shares of the utilities provider’s stock valued at $891,000 after purchasing an additional 8,192 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in MDU Resources Group by 22.5% during the 3rd quarter. Wells Fargo & Company MN now owns 628,289 shares of the utilities provider’s stock valued at $16,305,000 after purchasing an additional 115,572 shares in the last quarter. Institutional investors and hedge funds own 62.58% of the company’s stock.

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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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