MDU Resources Group (NYSE:MDU) Given New $28.00 Price Target at Williams Capital

MDU Resources Group (NYSE:MDU) had its target price decreased by Williams Capital from $30.00 to $28.00 in a research note issued to investors on Thursday, February 8th, Marketbeat reports. Williams Capital currently has a buy rating on the utilities provider’s stock.

A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of MDU Resources Group from a buy rating to a hold rating in a research report on Tuesday, November 7th. KeyCorp reissued a buy rating and issued a $29.50 price target on shares of MDU Resources Group in a research report on Friday, December 15th.

MDU Resources Group (NYSE:MDU) traded down $0.04 during trading on Thursday, reaching $27.18. 175,573 shares of the company’s stock traded hands, compared to its average volume of 939,193. MDU Resources Group has a 52-week low of $24.29 and a 52-week high of $28.22. 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 cap of $5,259.55, a PE ratio of 21.54, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.07. MDU Resources Group had a net margin of 6.33% and a return on equity of 10.59%. The company had revenue of $1.17 billion during the quarter. During the same quarter last year, the business posted $0.33 EPS. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. equities research analysts anticipate that MDU Resources Group will post 1.38 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in MDU. State Street Corp boosted its position in shares of MDU Resources Group by 8.2% during the second quarter. State Street Corp now owns 13,043,478 shares of the utilities provider’s stock valued at $341,737,000 after buying an additional 983,880 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of MDU Resources Group by 55.0% during the third quarter. Prudential Financial Inc. now owns 2,072,325 shares of the utilities provider’s stock worth $53,776,000 after acquiring an additional 735,440 shares during the period. Citadel Advisors LLC increased its stake in shares of MDU Resources Group by 86.2% during the third quarter. Citadel Advisors LLC now owns 1,576,399 shares of the utilities provider’s stock worth $40,908,000 after acquiring an additional 729,943 shares during the period. Millennium Management LLC increased its stake in shares of MDU Resources Group by 978.7% during the fourth quarter. Millennium Management LLC now owns 667,643 shares of the utilities provider’s stock worth $17,946,000 after acquiring an additional 605,750 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of MDU Resources Group by 49.9% during the third quarter. First Trust Advisors LP now owns 1,742,518 shares of the utilities provider’s stock worth $45,218,000 after acquiring an additional 580,276 shares during the period. 62.58% of the stock is currently owned by institutional investors.

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MDU Resources Group Company Profile

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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