MDU Resources Group (NYSE:MDU) Now Covered by StockNews.com

Analysts at StockNews.com began coverage on shares of MDU Resources Group (NYSE:MDU) in a report released on Saturday. The firm set a “hold” rating on the utilities provider’s stock.

MDU Resources Group Price Performance

MDU Resources Group stock opened at $28.58 on Friday. The stock has a market capitalization of $5.83 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 2.66 and a beta of 0.77. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.22. MDU Resources Group has a 52 week low of $18.04 and a 52 week high of $28.71. The stock has a fifty day moving average of $25.96 and a 200-day moving average of $25.45.

MDU Resources Group (NYSE:MDU) last posted its earnings results on Thursday, August 8th. The utilities provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.11. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. MDU Resources Group had a net margin of 9.25% and a return on equity of 11.29%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. On average, sell-side analysts expect that MDU Resources Group will post 1.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MDU Resources Group

Large investors have recently bought and sold shares of the stock. Atlas Capital Advisors LLC acquired a new position in MDU Resources Group during the 2nd quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. increased its stake in MDU Resources Group by 23.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 413 shares during the last quarter. Tompkins Financial Corp lifted its position in MDU Resources Group by 22.2% during the first quarter. Tompkins Financial Corp now owns 4,404 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 800 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in MDU Resources Group in the second quarter valued at $163,000. Finally, Point72 DIFC Ltd bought a new stake in MDU Resources Group in the 2nd quarter worth approximately $181,000. 71.44% of the stock is currently owned by institutional investors and hedge funds.

MDU Resources Group Company Profile

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.