MDU Resources Group (MDU) Stock Rating Upgraded by Zacks Investment Research

MDU Resources Group (NYSE:MDU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

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. “

Separately, KeyCorp reaffirmed a “buy” rating and issued a $28.00 price target on shares of MDU Resources Group in a report on Friday, October 20th.

Shares of MDU Resources Group (NYSE MDU) opened at $26.41 on Thursday. MDU Resources Group has a 1-year low of $25.14 and a 1-year high of $29.74. The firm has a market capitalization of $5,191.19, a PE ratio of 22.34, a price-to-earnings-growth ratio of 2.57 and a beta of 0.92. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.68.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). MDU Resources Group had a net margin of 5.39% and a return on equity of 10.20%. The business had revenue of $1.27 billion during the quarter. During the same quarter in the prior year, the firm posted $0.45 earnings per share. equities research analysts forecast that MDU Resources Group will post 1.19 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in MDU. Washington Trust Bank raised its holdings in shares of MDU Resources Group by 2.6% during the 4th quarter. Washington Trust Bank now owns 146,691 shares of the utilities provider’s stock valued at $3,943,000 after buying an additional 3,648 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of MDU Resources Group by 55.0% during the 3rd quarter. Prudential Financial Inc. now owns 2,072,325 shares of the utilities provider’s stock valued at $53,776,000 after buying an additional 735,440 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of MDU Resources Group by 93.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 164,331 shares of the utilities provider’s stock valued at $4,264,000 after buying an additional 79,303 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of MDU Resources Group by 7.5% during the 3rd quarter. Moors & Cabot Inc. now owns 29,921 shares of the utilities provider’s stock valued at $775,000 after buying an additional 2,100 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of MDU Resources Group by 2.8% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 80,090 shares of the utilities provider’s stock valued at $2,141,000 after buying an additional 2,145 shares in the last quarter. 63.54% of the stock is currently owned by hedge funds and other institutional investors.

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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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