Mdu Resources Group (NYSE:MDU) had its price objective upped by Williams Capital from $31.00 to $32.00 in a research note released on Monday, Briefing.com Automated Import reports. The brokerage currently has a buy rating on the utilities provider’s stock.

Separately, Zacks Investment Research raised shares of Mdu Resources Group from a sell rating to a hold rating in a research note on Monday, May 20th.

NYSE MDU opened at $28.14 on Monday. Mdu Resources Group has a 1-year low of $22.73 and a 1-year high of $28.39. The company has a current ratio of 1.58, a quick ratio of 1.23 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $5.56 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.62 and a beta of 0.67. The firm’s fifty day simple moving average is $26.95 and its 200-day simple moving average is $26.06.

Mdu Resources Group (NYSE:MDU) last posted its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. Mdu Resources Group had a net margin of 5.91% and a return on equity of 11.11%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the business posted $0.22 earnings per share. Mdu Resources Group’s revenue for the quarter was up 22.4% compared to the same quarter last year. As a group, analysts predict that Mdu Resources Group will post 1.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Thursday, September 12th will be issued a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, September 11th. Mdu Resources Group’s dividend payout ratio is presently 58.70%.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Mdu Resources Group by 12.2% in the second quarter. BlackRock Inc. now owns 21,236,316 shares of the utilities provider’s stock worth $547,896,000 after purchasing an additional 2,312,808 shares in the last quarter. First Trust Advisors LP boosted its holdings in Mdu Resources Group by 97.4% in the second quarter. First Trust Advisors LP now owns 3,330,491 shares of the utilities provider’s stock worth $85,927,000 after purchasing an additional 1,643,667 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Mdu Resources Group by 15.4% in the fourth quarter. Geode Capital Management LLC now owns 2,957,670 shares of the utilities provider’s stock worth $70,510,000 after purchasing an additional 393,966 shares in the last quarter. FMR LLC boosted its holdings in Mdu Resources Group by 126.8% in the first quarter. FMR LLC now owns 2,855,765 shares of the utilities provider’s stock worth $73,764,000 after purchasing an additional 1,596,753 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Mdu Resources Group by 8.8% in the second quarter. Acadian Asset Management LLC now owns 2,816,533 shares of the utilities provider’s stock worth $72,667,000 after purchasing an additional 228,815 shares in the last quarter. Hedge funds and other institutional investors own 68.12% of the company’s stock.

Mdu Resources Group Company Profile

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.

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