MDU Resources Group (MDU) Stock Rating Reaffirmed by KeyCorp

MDU Resources Group (NYSE:MDU)‘s stock had its “buy” rating reaffirmed by stock analysts at KeyCorp in a research note issued to investors on Friday. They currently have a $29.50 target price on the utilities provider’s stock. KeyCorp’s price target would indicate a potential upside of 9.62% from the stock’s previous close.

Separately, Zacks Investment Research cut MDU Resources Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. MDU Resources Group presently has a consensus rating of “Hold” and an average target price of $31.13.

Shares of MDU Resources Group (MDU) opened at $26.91 on Friday. 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 firm has a market capitalization of $5,255.63, a price-to-earnings ratio of 22.61, a P/E/G ratio of 2.83 and a beta of 0.91. MDU Resources Group has a 12 month low of $25.14 and a 12 month high of $29.74.

MDU Resources Group (NYSE:MDU) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The company had revenue of $1.27 billion for the quarter. MDU Resources Group had a return on equity of 10.20% and a net margin of 5.39%. During the same period in the prior year, the business earned $0.45 EPS. analysts anticipate that MDU Resources Group will post 1.19 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in MDU. Global X Management Co. LLC increased its holdings in shares of MDU Resources Group by 220.3% in the second quarter. Global X Management Co. LLC now owns 6,198 shares of the utilities provider’s stock valued at $162,000 after purchasing an additional 4,263 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of MDU Resources Group by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,671 shares of the utilities provider’s stock valued at $175,000 after purchasing an additional 537 shares during the period. Mosaic Family Wealth LLC increased its holdings in shares of MDU Resources Group by 5.7% in the second quarter. Mosaic Family Wealth LLC now owns 6,972 shares of the utilities provider’s stock valued at $183,000 after purchasing an additional 374 shares during the period. Ffcm LLC increased its holdings in shares of MDU Resources Group by 5.7% in the second quarter. Ffcm LLC now owns 7,360 shares of the utilities provider’s stock valued at $193,000 after purchasing an additional 396 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of MDU Resources Group by 47.4% in the third quarter. Sei Investments Co. now owns 7,509 shares of the utilities provider’s stock valued at $195,000 after purchasing an additional 2,414 shares during the period. Institutional investors own 63.61% of the company’s stock.

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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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