MDU Resources Group (NYSE:MDU) Stock Passes Above 200-Day Moving Average – Here’s Why

MDU Resources Group, Inc. (NYSE:MDU) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $19.67 and traded as high as $20.75. MDU Resources Group shares last traded at $20.5550, with a volume of 1,976,891 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MDU. Loop Capital set a $21.00 target price on MDU Resources Group in a research note on Tuesday, February 24th. Zacks Research raised shares of MDU Resources Group from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Citigroup reiterated a “neutral” rating on shares of MDU Resources Group in a research report on Thursday, January 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of MDU Resources Group in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.00.

MDU Resources Group Price Performance

The company has a market cap of $4.21 billion, a P/E ratio of 22.18, a PEG ratio of 3.54 and a beta of 0.75. The firm’s 50-day moving average is $20.57 and its two-hundred day moving average is $19.70. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.84 and a quick ratio of 0.78.

MDU Resources Group (NYSE:MDU) last released its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. MDU Resources Group had a net margin of 10.15% and a return on equity of 6.98%. The business had revenue of $534.00 million during the quarter, compared to analyst estimates of $560.72 million. During the same quarter last year, the business earned $0.90 earnings per share. MDU Resources Group’s quarterly revenue was down .3% compared to the same quarter last year. MDU Resources Group has set its FY 2026 guidance at 0.930-1.000 EPS. Analysts anticipate that MDU Resources Group, Inc. will post 0.94 earnings per share for the current year.

MDU Resources Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, March 12th. MDU Resources Group’s payout ratio is presently 60.22%.

Insider Transactions at MDU Resources Group

In related news, Director Charles M. Kelley acquired 5,000 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were acquired at an average cost of $20.84 per share, for a total transaction of $104,200.00. Following the completion of the transaction, the director directly owned 8,031 shares in the company, valued at approximately $167,366.04. This trade represents a 164.96% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.94% of the stock is currently owned by company insiders.

Institutional Trading of MDU Resources Group

Several hedge funds and other institutional investors have recently bought and sold shares of MDU. Clear Creek Financial Management LLC bought a new position in MDU Resources Group during the 3rd quarter valued at about $487,000. Thrivent Financial for Lutherans lifted its stake in MDU Resources Group by 35.4% in the third quarter. Thrivent Financial for Lutherans now owns 685,347 shares of the utilities provider’s stock worth $12,206,000 after purchasing an additional 179,357 shares during the last quarter. Leuthold Group LLC boosted its position in shares of MDU Resources Group by 11.3% during the second quarter. Leuthold Group LLC now owns 202,649 shares of the utilities provider’s stock valued at $3,378,000 after buying an additional 20,553 shares during the period. Alpine Global Management LLC purchased a new position in shares of MDU Resources Group during the third quarter valued at approximately $2,216,000. Finally, Citigroup Inc. grew its stake in shares of MDU Resources Group by 36.7% during the third quarter. Citigroup Inc. now owns 178,904 shares of the utilities provider’s stock valued at $3,186,000 after buying an additional 48,006 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

MDU Resources Group Company Profile

MDU Resources Group, Inc is a diversified energy and services holding company headquartered in Bismarck, North Dakota. The company operates through two primary segments: Utilities and Construction Services and Pipelines & Midstream. Serving a broad geographic footprint across the upper Midwest and Pacific Northwest, MDU provides essential energy distribution and infrastructure services to residential, commercial and industrial customers.

The Utilities segment delivers electric and natural gas distribution services in Montana, North Dakota, South Dakota, Minnesota, Kansas, Wisconsin, Michigan and Washington.