Fintel reports that on January 8, 2025, Jefferies initiated coverage of MDU Resources Group (NYSE:MDU) with a Hold recommendation.
Analyst Price Forecast Suggests 18.67% Upside
As of December 23, 2024, the average one-year price target for MDU Resources Group is $21.42/share. The forecasts range from a low of $18.18 to a high of $25.20. The average price target represents an increase of 18.67% from its latest reported closing price of $18.05 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for MDU Resources Group is 7,506MM, an increase of 68.78%. The projected annual non-GAAP EPS is 2.64.
What is the Fund Sentiment?
There are 805 funds or institutions reporting positions in MDU Resources Group. This is an increase of 34 owner(s) or 4.41% in the last quarter. Average portfolio weight of all funds dedicated to MDU is 0.25%, an increase of 5.15%. Total shares owned by institutions increased in the last three months by 7.08% to 188,106K shares. 
The put/call ratio of MDU is 0.18, indicating a bullish outlook.
What are Other Shareholders Doing?
Corvex Management holds 10,147K shares representing 4.98% ownership of the company. No change in the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 6,374K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 6,342K shares , representing an increase of 0.50%. The firm increased its portfolio allocation in MDU by 0.24% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,120K shares representing 3.00% ownership of the company. In its prior filing, the firm reported owning 6,406K shares , representing a decrease of 4.67%. The firm decreased its portfolio allocation in MDU by 2.01% over the last quarter.
Barrow Hanley Mewhinney & Strauss holds 5,829K shares representing 2.86% ownership of the company. In its prior filing, the firm reported owning 6,048K shares , representing a decrease of 3.77%. The firm decreased its portfolio allocation in MDU by 42.63% over the last quarter.
American Century Companies holds 5,143K shares representing 2.52% ownership of the company. In its prior filing, the firm reported owning 4,158K shares , representing an increase of 19.15%. The firm increased its portfolio allocation in MDU by 28.21% over the last quarter.
MDU Resources Group Background Information
(This description is provided by the company.)
MDU Resources Group, Inc., a member of the S&P MidCap 400 index and the S&P High-Yield Dividend Aristocrats index, is Building a Strong America® by providing essential products and services through its regulated energy delivery and construction materials and services businesses.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
