Mdu Resources Group (MDU) Earns “Buy” Rating from Williams Capital

Williams Capital reissued their buy rating on shares of Mdu Resources Group (NYSE:MDU) in a report issued on Monday morning. Williams Capital also issued estimates for Mdu Resources Group’s FY2020 earnings at $1.63 EPS.

Separately, Zacks Investment Research upgraded shares of Mdu Resources Group from a sell rating to a buy rating and set a $26.00 price objective for the company in a research note on Thursday, January 3rd.

Shares of Mdu Resources Group stock opened at $25.41 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. Mdu Resources Group has a fifty-two week low of $22.73 and a fifty-two week high of $29.62. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 2.90 and a beta of 0.68.

Mdu Resources Group (NYSE:MDU) last issued its quarterly earnings results on Tuesday, February 5th. The utilities provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Mdu Resources Group had a net margin of 6.01% and a return on equity of 10.80%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $0.59 earnings per share. Mdu Resources Group’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts expect that Mdu Resources Group will post 1.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Thursday, March 14th will be paid a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Wednesday, March 13th. Mdu Resources Group’s dividend payout ratio is 58.70%.

In other Mdu Resources Group news, Director David M. Sparby acquired 3,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $25.75 per share, for a total transaction of $77,250.00. Following the purchase, the director now owns 4,726 shares in the company, valued at approximately $121,694.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.98% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Mdu Resources Group by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 21,140,280 shares of the utilities provider’s stock worth $543,094,000 after purchasing an additional 523,599 shares in the last quarter. Vanguard Group Inc increased its position in shares of Mdu Resources Group by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 21,140,280 shares of the utilities provider’s stock worth $543,094,000 after purchasing an additional 523,599 shares in the last quarter. BlackRock Inc. increased its position in shares of Mdu Resources Group by 4.1% during the 4th quarter. BlackRock Inc. now owns 18,376,417 shares of the utilities provider’s stock worth $438,095,000 after purchasing an additional 723,202 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Mdu Resources Group by 15.4% during the 4th 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. Finally, Prudential Financial Inc. increased its position in shares of Mdu Resources Group by 5.6% during the 4th quarter. Prudential Financial Inc. now owns 2,531,258 shares of the utilities provider’s stock worth $60,346,000 after purchasing an additional 134,195 shares in the last quarter. Institutional investors own 65.89% of the company’s stock.

About Mdu Resources Group

MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. The company operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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