Ultime notizie per MDU Resources Gr (NYSE:MDU) Azioni

MDU Resources Gr

MDU Resources Group Inc operates in five business segments, which includes: Electric segment, which generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming; The natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon and Washington; The pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system in the Rocky Mountain and northern Great Plains regions of the United States; The construction services segment provides a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services.

MDU Resources Group, Inc. Common Stock (Holding Company)

MDU Resources Group Inc

Shares of DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) rose sharply in today's <a href="https://www.benzinga.com/quote/DOCU/news">pre-market trading</a>.
DocuSign will replace MDU Resources Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) in the S&amp;P MidCap 400, effective prior to the opening of trading on Friday, Oct. 11.
DocuSign shares jumped 5.7% to $66.35 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Nature&#8217;s Miracle Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) rose 98.8% to $0.2699 in pre-market trading after dipping 6% on Monday.</li>
<li>Ontrak, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTRK#NASDAQ">OTRK</a>) rose 63.7% to $2.98 in pre-market trading after declining around 7% on Monday.</li>
<li>Nuburu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BURU#NASDAQ">BURU</a>) gained 52.1% to $0.6801 in pre-market trading after the company secured $65 million financing from Liqueous LP, to accelerate commercialization.</li>
<li>GRI Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRI#NASDAQ">GRI</a>) shares rose 47.3% to $0.4998 in pre-market trading. Ascendiant Capital analyst Edward Woo initiated coverage on GRI Bio with a Buy rating and announced a price target of $12.</li>
<li>Virios Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRI#NASDAQ">VIRI</a>) shares gained 27% to $0.1750 in pre-market trading after dipping around 20% on Monday. Virios Therapeutics, Inc. and Wex Pharmaceuticals, Inc. announced business combination to form Dogwood Therapeutics, Inc.</li>
<li>Oragenics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGEN#NYSE">OGEN</a>) shares surged 18.1% to $0.4680 in pre-market trading after dipping over 5% on Monday.</li>
<li>Oruka Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORKA#NASDAQ">ORKA</a>) shares jumped 11.8% to $29.09 in pre-market trading. HC Wainwright &amp; Co. analyst Mitchell Kapoor, on Monday, initiated coverage on Oruka Therapeutics with a Buy rating and announced a price target of $45.</li>
<li>Mama&#8217;s Creations, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAMA#NASDAQ">MAMA</a>) gained 9.9% to $9.00 in pre-market trading.</li>
<li>Lytus Technologies Holdings PTV. Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYT#NASDAQ">LYT</a>) shares gained 9.1% to $1.80 in pre-market trading after declining 4% on Monday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>SOBR Safe, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) shares dipped 34.2% to $6.65 in pre-market trading after the company raised $8.2 million in private placement with institutional investors.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) fell 27.8% to $0.9878 in today's pre-market trading after dipping 32% on Monday.</li>
<li>ZJK Industrial Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZJK#NASDAQ">ZJK</a>) shares fell 23.5% to $5.20 in pre-market trading after gaining 35% on Monday.</li>
<li>QuantaSing Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSG#NASDAQ">QSG</a>) shares declined 23% to $3.59 in pre-market trading after gaining around 25% on Monday.</li>
<li>Algorhythm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) fell 21.4% to $0.4720 in pre-market trading after gaining 28% on Monday.</li>
<li>MMTec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares fell 20.1% to $0.4615 in pre-market trading.</li>
<li>LexinFintech Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LX#NASDAQ">LX</a>) shares fell 19.2% to $2.98.</li>
<li>Futu Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) shares declined 18.6% to $104.90 in pre-market trading.</li>
<li>Digital Brands Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) fell 16.6% to $0.2333 in pre-market trading after declining 5% on Monday.</li>
<li>HWH International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) declined 14.2% to $0.84 in pre-market trading after dipping around 7% on Monday.</li>
</ul>
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News

Pre-Market Outlook

Markets

Movers

Trading Ideas

BURU

CETX

DBGI

DOCU

FUTU

ALPS ETF Trusthen & Steers Global Realty Majors ETF

MAMA

NMHI

OGEN

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SOBR

VIRI

Why DocuSign Shares Are Trading Higher By Around 6%; Here Are 20 Stocks Moving Premarket

CHUY

MDU Resources To Replace Chuy's Holdings In S&P SmallCap 600, Effective Prior To Opening Of Trading On October 11

DocuSign To Replace MDU Resources In S&P MidCap 400, Effective Prior To Opening Of Trading On October 11

MDU Resources Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) announced today that its board of directors has approved the previously announced spinoff of the company's wholly owned construction services subsidiary, Everus Construction Group, through a pro rata distribution of all the outstanding shares of Everus common stock.
Everus common stock is expected to be distributed at 11:59 p.m. EDT Oct. 31, 2024, to MDU Resources stockholders of record as of 5 p.m. EDT on Oct. 21, 2024, the record date for the distribution. The distribution is subject to the satisfaction or waiver of certain conditions, including the Securities and Exchange Commission declaring the Registration Statement on Form 10 for Everus to be effective.

Dividends

MDU Resources Board Of Directors Approves Everus Spinoff, Declares Distribution Of Shares Of Everus

MDU Resources is on track to complete the planned spinoff of Everus into an independent, publicly traded company in late 2024.

Everus Construction To Be Listed Under Ticker 'ECG' Upon Spinoff From MDU Resources

BofA Securities analyst Ross Fowler reinstated coverage on four US utilities in the Great Plains.
The analyst reinstated the Buy rating at Evergy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>) and MDU Resources Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>).
Meanwhile, Fowler reinstated the Neutral rating on OGE Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGE#NYSE">OGE</a>) and Underperform rating on Black Hills Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKH#NYSE">BKH</a>).
EVRG: The analyst reinstated Buy rating with a <a href="https://www.benzinga.com/quote/evrg/analyst-ratings" target="_blank" rel="noreferrer noopener">price target at $66</a>. The analyst says that despite trading at a 10% discount compared to peers on a 2026E P/E basis, the improving Kansas regulatory environment, which supports higher rate base growth, appears undervalued.
The analyst estimates FY24, FY25 and FY26E EPS at $3.86, $4.09 and $4.30, respectively, all above consensus.&nbsp;&nbsp;
Fowler writes that consensus EPS estimates for FY26 and FY27 remain largely unchanged despite the benefits from House Bill 2527.
MDU: The analyst reinstated Buy rating with a <a href="https://www.benzinga.com/quote/mdu/analyst-ratings" target="_blank" rel="noreferrer noopener">price target of $28</a>. Fowler believes the current 15% discount to the electric utility peer group is unjustified, considering MDU&#8217;s ongoing transition to a pure-play regulated utility and pipeline operator, along with its projected 6-8% EPS growth rate through the planning period.
Although the company&#8217;s multi-jurisdictional presence may lead to some delays in recovery, the analyst expects sustained support for earned ROEs at the electric utility, driven by a strong pipeline of data center customer connections in areas experiencing transmission congestion.
Also Read: <a href="https://www.benzinga.com//node/40112086" target="_blank" rel="noreferrer noopener">August Heat Wave Grips US: 12 Stocks To Watch As Blistering Temperatures Affect Nearly 150 Million Americans</a>
OGE: The analyst <a href="https://www.benzinga.com/quote/oge/analyst-ratings" target="_blank" rel="noreferrer noopener">reinstated Neutral rating with a $40 price target</a>. While the analyst values OGE&#8217;s execution and growth potential from data center and crypto-mining load, the challenging regulatory environment in Oklahoma and significant capital investments needed for resource adequacy present risks.
Fowler expects EPS estimates of $2.14, $2.28, and $2.43 for FY24, FY25, and FY26, respectively, in line with consensus estimates.
BKH: The analyst <a href="https://www.benzinga.com/quote/bkh/analyst-ratings">reinstated Underperform rating with a $59 price target</a>. The analyst says that BKH&#8217;s electric utility operations are poised for growth with rising residential, commercial, and data center load, which currently contributes 5% to EPS and is expected to exceed 10% by 2028.
Fowler expects rate base expansion opportunities in South Dakota and Colorado to support a 7%+ CAGR. However, $1.6 billion in debt maturities from 2023 to 2028, with a 3.03% average interest rate, could create a ~$0.50 EPS headwind, exacerbating risks given BKH&#8217;s already low 4-6% target EPS CAGR, adds the analyst.
Fowler anticipates EPS estimates of $3.88, $4.13, and $4.35 for FY24, FY25, and FY26, below the consensus estimates of $3.92, $4.14, and $4.40, respectively.
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Analyst Color

Equities

Large Cap

Mid Cap

Price Target

Analyst Ratings

EVRG

Evergy, MDU Set For Growth But Black Hills Faces EPS Headwinds, Says BofA Analyst

Fund manager Matthew Tuttle made waves in the ETF space for his unique funds that offer ways for investors to get leveraged exposure or <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36500461/exclusive-the-man-who-shorts-cathie-wood-and-jim-cramer-filed-for-new-bitcoin-etfs-why-lev">bet against well-known financial figures</a> like Jim Cramer and Cathie Wood.
Tuttle is back with a new fund that gives investors a way to invest in companies that are not meeting ESG (environmental, social, and governance) requirements.
What Happened: Tuttle Capital Management launched the ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ESGX#BATS">ESGX</a>), a new ETF that gives investors<a href="https://www.benzinga.com/markets/esg/23/09/34288808/want-to-bet-against-woke-companies-theres-an-etf-for-that"> a way to invest </a>in companies that "focus on profits, not politics or trendy activisms of the moment."
"ESGX allows investors to choose a portfolio of companies that follow the comment sense notion that companies that focus on profits are better for investors than companies that don't," a press release for the fund reads.
The ETF follows the AJN Shareholders First Index, which tracks a portfolio of U.S. companies that meet the requirement of focusing on profits and ignoring politics and "trendy activisms of the moment."
"Too many companies today put ESG and DEI politics first and their shareholders' profits last," Tuttle Capital CEO Matthew Tuttle said. "ESG has become a way for liberal executives and large investors to enact social changes that they can't pass at the ballot box."
Tuttle said CEOs can be pressured to "cave to the trendy politics of the moment," and often times this is not in the best interest of shareholders.
"That's why we launched ESGX – to put shareholders and profits first."
Tuttle added that investors had limited options of ways to invest in companies that put profits ahead of politics before the ETF launched.
As of Sept. 9, the following were the top <a href="http://ShareholdersFirstETF.com">holdings </a>in the ESGX ETF:
<ul>
<li>MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>): 2.3% of assets</li>
<li>Evergy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>): 2.2% of assets</li>
<li>J.B. Hunt Transport Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>): 2.1% of assets</li>
<li>MDU Resources Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>): 2.1% of assets</li>
<li>RLI Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>): 2.1% of assets</li>
</ul>
The ETF launch comes after companies like Anheuser-Busch InBev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), Planet Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>), Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) and others have been <a href="https://www.benzinga.com/news/23/06/33083401/mark-cuban-vs-chamath-palihapitiya-billionaires-battle-over-go-woke-go-broke-mantra">accused by consumers</a> and investors of focusing too heavily on ESG and DEI policies and "going woke" instead of worrying about financial growth and returns for shareholders.
Read Also: <a href="https://www.benzinga.com/etfs/specialty-etfs/24/06/39299113/nancy-pelosi-among-best-of-the-best-in-stock-trading-new-congress-trading-etf-coming-from-cre">Nancy Pelosi Among &#8216;Best Of The Best&#8217; In Stock Trading: New Congress Trading ETF Coming From Creator Of Anti-Cathie Wood, Jim Cramer Funds</a>
Self Defense ETF Also Launches: Tuttle Capital also launched the Spinnaker ETF Series Tuttle Capital Self Defense Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/GUNZ#BATS">GUNZ</a>) Tuesday.
The fund invests in companies that are engaged in self-defense, with a belief that the United States is becoming less safe.
The ETF invests in companies that manufacture, service, supply and distribute personal and law enforcement defense equipment and protection services. The fund tracks the AJN Self Defense U.S. Equity Index.
"Americans feel less safe and feel there is more crime in the country now than last year. Many Americans are taking self defense into their own hands," Tuttle said.
Tuttle added that shares of gun manufacturers have also risen after the assassination attempt on former President Donald Trump.
"Gun sales have rebounded after nearly three years of continuous decline and firearms manufacturers world wide have seen their stock surge after the terrorist attack on Israel and the Trump assassination attempt."
As of Sept. 9, the following were the top <a href="https://www.gunzetf.com/">holdings </a>in the GUNZ ETF:
<ul>
<li>Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>): 8.9% of assets</li>
<li>Johnson Controls (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>): 6.9% of assets</li>
<li>AXON Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>): 6.9% of assets</li>
<li>Allegion PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>): 6.4% of assets</li>
<li>OSI Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSIS#NASDAQ">OSIS</a>): 6.4% of assets</li>
</ul>
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<li><a href="https://www.benzinga.com/m-a/24/03/37943780/exclusive-trump-media-company-goes-public-financial-experts-say-djt-a-meme-stock-this-is-going-to-be">EXCLUSIVE: Trump Media Company Goes Public, Financial Experts Say DJT A &#8216;Meme Stock&#8217; — &#8216;This Is Going To Be A Way To Bet On Or Against Trump&#8217;</a></li>
</ul>

Specialty ETFs

ETFs

ALLE

AXON

ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF

ESGX

GUNZ

JBHT

MKTX

OSIS

PLNT

PLTR

Fund Manager Who Bet Against Jim Cramer And Cathie Wood Has New Anti-Woke ETF: 'Puts Profits Ahead Of Politics, DEI & ESG'

The board of directors of MDU Resources Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) has increased the quarterly dividend on the company's common stock to&nbsp;13 cents per share, for an annualized dividend of 52 cents per share. This represents a 4% increase over the previous quarterly dividend of 12.5 cents per share. The board continues to target a long-term dividend payout ratio of&nbsp;60% to 70%&nbsp;of regulated energy delivery earnings.

MDU Resources Increases Quarterly Dividend From $0.125 To $0.13 Per Share

<ul>
<li>Updates construction services revenue&nbsp;guidance&nbsp;range to&nbsp;$2.65 billion&nbsp;to&nbsp;$2.85 billion, down from previous&nbsp;guidance&nbsp;range of&nbsp;$2.9 billion&nbsp;to&nbsp;$3.1 billion, with margins now expected to be higher than 2023. EBITDA is still expected to be&nbsp;$220 million&nbsp;to&nbsp;$240 million.</li>
</ul>

Guidance

MDU Resources Affirms FY24 Earnings Guidance For Its Regulated Energy Delivery Businesses Of $170M - $180M

MDU Resources Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) reported quarterly earnings of $0.32 per share which beat the analyst consensus estimate of $0.21 by 52.38 percent. This is a 10.34 percent increase over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $1.047 billion which missed the analyst consensus estimate of $1.061 billion by 1.33 percent. This is a 4.03 percent decrease over sales of $1.091 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

MDU Resources  Q2 2024 Adj. EPS $0.32 Beats $0.21 Estimate, Sales $1.047B Miss $1.061B Estimate

MDU Resources Group, Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) board of directors has selected the management team to lead Everus Construction Group, the company's construction services subsidiary, effective when the anticipated spinoff of Everus into an independent, publicly traded company is complete. MDU Resources expects the spinoff to be complete in late 2024.
The executive management positions at Everus, effective when the spinoff is complete, include:
<ul>
<li>Jeffrey S.&nbsp;Thiede, who will remain president and CEO, a position he has held since 2013. Thiede has been with the company for 20 years.</li>
<li>Thomas D.&nbsp;Nosbusch, who will become chief operating officer. Nosbusch currently is executive vice president of Everus and has been with the company since 1999.</li>
<li>Maximillian J. Marcy, who will become vice president, chief financial officer and treasurer. Marcy will join Everus on Aug. 12. He previously was vice president II and business unit CFO of the Engineering Adhesives Segment at H.B. Fuller Company.</li>
<li>Paul R.&nbsp;Sanderson, who will become vice president, chief legal officer and secretary. Sanderson currently is vice president, chief legal officer and secretary for MDU Resources, the position he has held since joining the company in 2023.</li>
<li>Jon B.&nbsp;Hunke, who will become vice president and chief accounting officer. Hunke currently is vice president of accounting and enterprise information technology for Everus and has been with the company for 21 years.</li>
<li>Ray&nbsp;T. Kelly, who will remain senior vice president of market development. Kelly has been with the company since 2016.</li>
<li>Britney A. Hendricks, who will become vice president of human resources. Hendricks currently is director of human resources for Everus and has been with the company for five years.</li>
<li>Jason A.&nbsp;Behring, who will become vice president of technology. Behring has been with the company for 25 years and currently is director of enterprise information technology for Everus.</li>
</ul>

Management

MDU Resources Names Leadership For Everus Construction Group, Effective On Spinoff; Jeffrey Thiede To Remain President And CEO; Thomas D. Nosbusch As COO; Maximillian J. Marcy As CFO; Expects The Spinoff To Be Complete In Late 2024v

New Jersey Resources (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/njr#NYSE">NJR</a>) continues to benefit from its infrastructure upgrades that help serve its expanding customer base more efficiently. Given its earnings growth opportunities and strong return on equity (ROE), NJR makes for a solid investment option in the utility sector. 
Let&#39;s focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.
<h3>Growth Projections &amp; Surprise History</h3>
The Zacks Consensus Estimate for fiscal 2024 earnings per share has moved up 1.7% in the past 90 days to $2.94. 
New Jersey Resources delivered an average earnings surprise of 107.4% in the last four quarters.
<h3>Return on Equity</h3>
ROE indicates how efficiently a company has been utilizing the funds to generate higher returns. Currently, New Jersey Resources&#39; ROE is 12.16%, higher than the industry&#39;s average of 9.7%. This indicates that the company has been utilizing the funds more constructively than its peers in the utility gas distribution industry.
<h3>Dividend Growth</h3>
NJR has been increasing shareholders&#39; value by paying dividends. Currently, its quarterly dividend is 42 cents per share, resulting in an annualized dividend of $1.68 per share, up 7.7% from the previous figure of $1.56. The company&#39;s current dividend yield is 3.99%, better than the Zacks S&amp;P 500 composite&#39;s 1.29%.&nbsp;
<h3>Systematic Investments &amp; Customer Growth</h3>
New Jersey Resources makes consistent investments to upgrade and maintain its existing infrastructure. The idea is to provide reliable services to its customers around the clock. The company expects capital investments to be in the range of $619-$754 million and $578-$742 million for fiscal 2024 and fiscal 2025, respectively. 
The company added 4,058 new customers during the first six months of fiscal 2024, compared with 4,064 in the same period of fiscal 2023. It expects these new customers to contribute nearly $3.4 million of incremental utility gross margin on an annualized basis.
<h3>Price Performance</h3>
In the past three months, shares of the company have risen 2% compared with the sector&#39;s 1.4% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/77/68951.jpg?v=1395337783" /> 
Image Source: Zacks Investment Research
<h3>Other Stocks to Consider</h3>
A few other top-ranked stocks from the same industry are Atmos Energy&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ato#NYSE">ATO</a>), MDU Resources (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mdu#NYSE">MDU</a>) and UGI Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ugi#NYSE">UGI</a>), each holding a Zacks Rank #2 at present. 
ATO&#39;s long-term (three to five years) earnings growth rate is 7%. The Zacks Consensus Estimate for ATO&#39;s fiscal 2024 EPS indicates year-over-year growth of 10.2%. 
MDU&#39;s long-term earnings growth rate is 6%. The Zacks Consensus Estimate for MDU&#39;s 2024 EPS indicates a year-over-year increase of 3.3%. 
The Zacks Consensus Estimate for UGI&#39;s fiscal 2024 EPS indicates a year-over-year improvement of 2.8%. The company delivered an average earnings surprise of 19.1% in the last four quarters.
<a href="https://www.zacks.com/stock/news/2288953/reasons-to-add-new-jersey-resources-njr-to-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2288953">To read this article on Zacks.com click here.</a>

Reasons to Add New Jersey Resources to Your Portfolio Now

New Jersey Resources (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/njr#NYSE">NJR</a>) announced that its unit, New Jersey Natural Gas (&quot;NJNG&quot;), has filed for a rate revision with New Jersey Board of Public Utilities (&quot;BPU&quot;). If the rates are approved without any change, it should increase the utility bill of a typical residential customer using 100 therms a month by 0.5% or 71 cents per month. NJNG expects the rate adjustment to take effect from Oct 1, 2024, subject to the approval of BPU. 
In this rate revision filing, NJNG has asked for a reduction in its annual Basic Gas Supply Service (BGSS) rate, which is offset by an equal increase to its Balancing Charge. Winter weather remained warmer-than-normal year over year, resulting in a minimal decrease of 0.1% related to the Conservation Incentive Program (&quot;CIP&quot;). In its energy-efficiency recovery filing, NJNG seeks a 0.6% increase to recover costs associated with the investment in its SAVEGREEN programs. 
BGSS and Balancing Charge recover the cost of natural gas supplied to customers and balance deliveries with customer usage. CIP helps normalize year-to-year fluctuation from changing weather and usage patterns on both customers&#39; bills and NJNG&#39;s financial margins.
<h3>Investments to Strengthen Operation</h3>
New Jersey Resources makes consistent investments to upgrade and maintain its existing infrastructure. The company expects capital investments to be in the range of $619-$754 million and $578-$742 million for fiscal 2024 and 2025, respectively.&nbsp; The planned capital expenditure should support and expand the infrastructure of the company and allow it to serve its expanding customer base. Systematic capital expenditure is likely to support long-term earnings growth target of 7-9%.
<h3>Price Performance and Zacks Rank</h3>
New Jersey Resources currently has&nbsp;a Zacks Rank #3 (Hold). In the past three months, shares of the company rose 2.9% compared with its industry&#39;s growth of 6.8%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ca/68009.jpg?v=209497495" /> 
Image Source: Zacks Investment Research
<h3>Demand for Clean Source of Energy to Rise</h3>
The clean-burning nature, wide availability of natural gas across the United States and rising awareness against emission are increasing the demand for natural gas. Per the American Gas Association report, one residential customer signs up for natural gas service every minute and 80 businesses add natural gas service each day.
The rising demand and usage of natural gas should create growth opportunities for Atmos Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ato#NYSE">ATO</a>), MDU Resources (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mdu#NYSE">MDU</a>) and UGI Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ugi#NYSE">UGI</a>), each carrying a Zacks Rank #2 (Buy) at present.&nbsp;You can see the complete list of today&#39;s Zacks #1 Rank (Strong Buy) stocks here. 
The current dividend yield of Atmos Energy, MDU Resources and UGI is 2.78%, 1.98% and 5.89%, respectively, better than the Zacks S&amp;P 500 composite&#39;s 1.57%. 
The Zacks Consensus Estimate for ATO, MDU and UGI fiscal 2024 earnings per share has moved up 0.9%, 1.3% and 2.1%, respectively, in the past 60 days.
<a href="https://www.zacks.com/stock/news/2282823/new-jersey-resources-njr-unit-files-for-gas-rate-revision?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2282823">To read this article on Zacks.com click here.</a>

New Jersey Resources' Unit Files for Gas Rate Revision

<h3>Gainers</h3>
<ul>
<li>NeoVolta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEOV#NASDAQ">NEOV</a>) shares increased by 21.2% to $3.0 during Wednesday's pre-market session. The market value of their outstanding shares is at $99.7 million. </li>
<li>Globavend Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GVH#NASDAQ">GVH</a>) shares rose 16.33% to $1.85. The company's market cap stands at $27.7 million. </li>
<li>New Horizon Aircraft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOVR#NASDAQ">HOVR</a>) shares moved upwards by 13.7% to $0.97. The company's market cap stands at $17.7 million. </li>
<li>ShiftPixy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIXY#NASDAQ">PIXY</a>) stock rose 10.52% to $1.89. The market value of their outstanding shares is at $12.7 million. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) shares rose 7.73% to $0.16. The company's market cap stands at $6.0 million. </li>
<li>Astra Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTR#NASDAQ">ASTR</a>) shares increased by 6.72% to $0.62. The company's market cap stands at $14.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares fell 34.0% to $6.03 during Wednesday's pre-market session. The market value of their outstanding shares is at $5.5 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>MDU Resources Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) stock decreased by 20.26% to $20.12. The company's market cap stands at $4.1 billion. </li>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) shares declined by 15.06% to $0.5. The market value of their outstanding shares is at $7.5 million. </li>
<li>Columbus McKinnon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCO#NASDAQ">CMCO</a>) stock fell 13.5% to $38.0. The company's market cap stands at $1.0 billion. As per the news, the Q4 earnings report came out today. </li>
<li>American Airlines Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) stock decreased by 8.56% to $12.29. The market value of their outstanding shares is at $8.0 billion. </li>
<li>Nano Nuclear Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) shares decreased by 7.66% to $5.07. The market value of their outstanding shares is at $146.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Wednesday's Pre-Market Session

Argus Research analyst David Coleman upgrades MDU Resources Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) from Hold to Buy and announces $30 price target.

Upgrades

Argus Research Upgrades MDU Resources Gr to Buy, Announces $30 Price Target

MDU Resources Declares Quarterly Dividend Of 12.5 Cents Per Share, Payable July 1 To Stockholders Of Record On June 13, 2024

MDU Resources Group Affirms FY24 Regulated Energy Delivery $170M-$180M; Everus Revenues $2.9B-$3.1B

MDU Resources Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.47 by 10.64 percent. The company reported quarterly sales of $1.213 billion which missed the analyst consensus estimate of $1.326 billion by 8.50 percent. This is a 30.18 percent decrease over sales of $1.737 billion the same period last year.

MDU Resources Gr Q1 2024 Adj EPS $0.52 Beats $0.47 Estimate, Sales $1.213B Miss $1.326B Estimate

MDU Resources Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) announced today that it has submitted a confidential draft registration statement on Form 10 with the U.S. Securities and Exchange Commission in connection with the planned spinoff of its construction services business, Everus Construction Group.
&nbsp;
MDU Resources expects the spinoff of Everus Construction Group to be complete in the fourth quarter of 2024, subject to final approval by MDU Resources' board of directors. MDU Resources announced on March 13 that its construction services business, MDU Construction Services Group, had been rebranded as Everus Construction Group.
"When the spinoff of the construction services business is complete late this year, MDU Resources will be a pure-play regulated energy delivery business," said Nicole A. Kivisto, president and CEO of MDU Resources. "This will allow MDU Resources and Everus each to focus on our individual business growth opportunities, which will allow us to continue to maximize value for shareholders."
MDU Resources had announced Nov. 2, 2023, that it intends to separate its construction services business as an independent, publicly traded company. With the initial filing of the Form 10, MDU Resources remains on track to complete the spinoff of Everus in late 2024.

MDU Resources Files Confidential Form 10 For Planned Late 2024 Spinoff Of Construction Services Business

MDU Resources announced on&nbsp;Nov. 2, 2023, that it plans to spin off the construction services business, which will result in two independent, publicly traded companies.

MDU Construction Services Group Rebrands To Everus Construction Group; Spinoff Remains On Track For Late 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
MDU Resources Gr (NYSE:<a href="https://investorplace.com/stock-quotes/mdu-stock-quote/">MDU</a>) just reported results for the second quarter of 2024.<ul><li>MDU Resources Gr reported earnings per share of 32 cents. This was above the analyst estimate for EPS of 21 cents.</li><li>The company reported revenue of $1.05 billion.</li><li>This was 1.13% worse than the analyst estimate for revenue of $1.06 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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MDU Stock Earnings: MDU Resources Gr Beats EPS, Misses Revenue for Q2 2024

MDU Resources Group, Inc. 2024 Q2 - Results - Earnings Call Presentation

MDU Resources Group, Inc. (MDU) Q2 2024 Earnings Call Transcript

MDU Resources raises quarterly dividend by 4% to  $0.13/share

Mdu Resources Group (MDU) has provided an announcement. MDU Resources Group, Inc. has expanded its Board of Directors from nine to eleven members, ...

MDU Resources Group Expands Board, Welcomes New Directors

An update from Mdu Resources Group (MDU) is now available. MDU Resources Group, Inc. plans to spin off its construction services business, Everus C...

MDU Resources Group Announces Strategic Spinoff and Leadership Reshuffle

In the face of cooler-than-expected weather conditions and rising operation costs, regulated energy delivery, construction materials, and service b...

MDU Resources Group (MDU) Shows Resilience and Record Earnings

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Mdu Resources Group ( ($MDU) ) has provided an update. MDU Resources Group is set to spin off its construction services arm, Everus Construction Gr...

MDU Resources to Spin Off Everus Construction Group

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Press Releases

MDU Resources Announces Increased Quarterly Dividend

MDU Resources Appoints Two to Board of Directors

MDU Resources Announces Anticipated Board of Directors for Everus

Everus Construction Group Announces Investor Day; to be Listed Under Ticker ECG Upon Spinoff

MDU Resources Group Announces Retirement of VP and CIO Peggy Link, Boese Named Successor

MDU Resources Group Announces Anthony D. Foti as New Chief Legal Officer

MDU Resources Board of Directors Approves Everus Spinoff, Declares Distribution of Shares of Everus

DocuSign Set to Join S&P MidCap 400 and MDU Resources Group to Join S&P SmallCap 600

MDU Resources to Webcast Third Quarter 2024 Earnings Conference Call

Everus Construction Group Holding Investor and Analyst Information Event Today at NYSE

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Cadeler A/S American Depositary Share (each representing four (4) Ordinary Shares)

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