MDU Resources Group (NYSE:MDU) Updates FY 2022 Earnings Guidance

MDU Resources Group (NYSE:MDUGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $2.00-$2.15 for the period, compared to the consensus earnings per share estimate of $2.05. The company issued revenue guidance of -.

A number of research firms have recently issued reports on MDU. StockNews.com began coverage on MDU Resources Group in a research report on Thursday, March 31st. They issued a hold rating for the company. Zacks Investment Research upgraded MDU Resources Group from a sell rating to a hold rating and set a $27.00 price objective on the stock in a report on Monday, May 9th.

MDU traded up $0.63 during trading hours on Monday, reaching $26.50. The company’s stock had a trading volume of 1,329,690 shares, compared to its average volume of 1,613,968. MDU Resources Group has a fifty-two week low of $24.92 and a fifty-two week high of $34.55. The stock has a market cap of $5.39 billion, a PE ratio of 15.06, a P/E/G ratio of 1.84 and a beta of 0.80. The business’s 50-day moving average is $26.30 and its 200-day moving average is $27.95. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.35 and a quick ratio of 1.02.

MDU Resources Group (NYSE:MDUGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The utilities provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). MDU Resources Group had a net margin of 6.09% and a return on equity of 10.77%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s revenue was up 15.4% on a year-over-year basis. Analysts expect that MDU Resources Group will post 2.05 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Thursday, June 9th will be paid a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, June 8th. MDU Resources Group’s dividend payout ratio (DPR) is 49.43%.

A number of large investors have recently added to or reduced their stakes in the business. PDT Partners LLC acquired a new position in MDU Resources Group during the first quarter worth $258,000. State Street Corp lifted its stake in MDU Resources Group by 12.5% during the first quarter. State Street Corp now owns 15,468,160 shares of the utilities provider’s stock worth $415,454,000 after purchasing an additional 1,716,930 shares in the last quarter. Engineers Gate Manager LP lifted its stake in MDU Resources Group by 168.1% during the first quarter. Engineers Gate Manager LP now owns 94,071 shares of the utilities provider’s stock worth $2,507,000 after purchasing an additional 58,984 shares in the last quarter. Vident Investment Advisory LLC raised its stake in shares of MDU Resources Group by 5.1% in the first quarter. Vident Investment Advisory LLC now owns 72,442 shares of the utilities provider’s stock valued at $1,930,000 after acquiring an additional 3,540 shares in the last quarter. Finally, Horizon Investments LLC raised its stake in shares of MDU Resources Group by 20.7% in the first quarter. Horizon Investments LLC now owns 31,357 shares of the utilities provider’s stock valued at $836,000 after acquiring an additional 5,386 shares in the last quarter. Institutional investors own 70.14% of the company’s stock.

About MDU Resources Group (Get Rating)

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming, as well as operates 3,500 miles of transmission lines and 4,800 miles of distribution lines.

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