Zacks Investment Research upgraded shares of MDU Resources Group, Inc. (NYSE:MDU) from a sell rating to a hold rating in a research report report published on Wednesday, July 12th.
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. “
Shares of MDU Resources Group (MDU) opened at 25.62 on Wednesday. The stock has a market capitalization of $5.00 billion, a P/E ratio of 22.28 and a beta of 0.91. The stock has a 50 day moving average price of $26.02 and a 200 day moving average price of $26.75. MDU Resources Group has a 52 week low of $22.94 and a 52 week high of $29.92.
MDU Resources Group (NYSE:MDU) last posted its earnings results on Tuesday, August 1st. The utilities provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.03. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. MDU Resources Group had a net margin of 5.37% and a return on equity of 10.24%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. On average, equities research analysts expect that MDU Resources Group will post $1.21 EPS for the current year.
A number of large investors have recently made changes to their positions in MDU. Russell Investments Group Ltd. acquired a new stake in shares of MDU Resources Group during the fourth quarter valued at $1,010,000. FMR LLC acquired a new stake in shares of MDU Resources Group during the fourth quarter valued at $5,630,000. GSA Capital Partners LLP acquired a new stake in shares of MDU Resources Group during the fourth quarter valued at $322,000. AQR Capital Management LLC increased its stake in shares of MDU Resources Group by 66.5% in the fourth quarter. AQR Capital Management LLC now owns 44,078 shares of the utilities provider’s stock valued at $1,268,000 after buying an additional 17,609 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of MDU Resources Group during the fourth quarter valued at $52,324,000. 63.40% of the stock is currently owned by hedge funds and other institutional investors.
About MDU Resources Group
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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