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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

Jefferies analyst Julien Dumoulin-Smith initiates coverage on MDU Resources Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) with a Hold rating and announces Price Target of $18.

News

Price Target

Initiation

Analyst Ratings

Jefferies Initiates Coverage On MDU Resources Gr with Hold Rating, Announces Price Target of $18

MDU Resources plans to increase investments in its electric and natural gas distribution segments by 47% over the next five years compared to 2020-2024.&nbsp;
&nbsp;

Guidance

MDU Resources Plans To Make Capital Investments Totaling $3.1B From 2025 Through 2029, Up 15% From 2024-2028; Remains Committed To Long-Term EPS Growth Target Of 6%-8% With Enhanced Capital Investment Plan

MDU Resources Sees 2025 Capital Investments Of $3.1B From 2025-2029, Up 15% From 2024-2028

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 $0.26 by 23.08 percent. The company reported quarterly sales of $1.050 billion which beat the analyst consensus estimate of $1.001 billion by 4.86 percent. This is a 4.90 percent increase over sales of $1.001 billion the same period last year.

Earnings

Earnings Beats

MDU Resources Gr Q3 2024 Adj. EPS $0.32 Beats $0.26 Estimate, Sales $1.050B Beat $1.001B Estimate

MDU Resources Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) is set to give its latest quarterly earnings report on Thursday, 2024-11-07. Here's what investors need to know before the announcement.
Analysts estimate that MDU Resources Gr will report an earnings per share (EPS) of $0.26. 
The market awaits MDU Resources Gr's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.11, which was followed by a 2.0% drop in the share price the next day.
Here's a look at MDU Resources Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.21</td>
<td>0.47</td>
<td>0.49</td>
<td>0.25</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.32</td>
<td>0.52</td>
<td>0.48</td>
<td>0.29</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>-0.0%</td>
<td>2.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730905329_0.png" alt="eps graph" />
<h3>MDU Resources Gr Share Price Analysis</h3>
Shares of MDU Resources Gr were trading at $16.46 as of November 05. Over the last 52-week period, shares are up 70.24%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Take on MDU Resources Gr</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding MDU Resources Gr.
A total of 2 analyst ratings have been received for MDU Resources Gr, with the consensus rating being Buy. The average one-year price target stands at $24.0, suggesting a potential 45.81% upside.
<h3>Analyzing Ratings Among Peers</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Spire, ONE Gas and Chesapeake Utilities, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>For Spire, analysts project an Neutral trajectory, with an average 1-year price target of $69.83, indicating a potential 324.24% upside.</li>
<li>The consensus outlook from analysts is an Outperform trajectory for ONE Gas, with an average 1-year price target of $77.0, indicating a potential 367.8% upside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for Chesapeake Utilities, with an average 1-year price target of $122.0, indicating a potential 641.19% upside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
The peer analysis summary provides a snapshot of key metrics for Spire, ONE Gas and Chesapeake Utilities, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>MDU Resources Gr</td>
<td>Buy</td>
<td>-3.99%</td>
<td>$190.25M</td>
<td>2.02%</td>
</tr>
<tr>
<td>Spire</td>
<td>Neutral</td>
<td>-1.05%</td>
<td>$146.50M</td>
<td>-0.52%</td>
</tr>
<tr>
<td>ONE Gas</td>
<td>Outperform</td>
<td>-3.88%</td>
<td>$160.45M</td>
<td>0.68%</td>
</tr>
<tr>
<td>Chesapeake Utilities</td>
<td>Neutral</td>
<td>22.63%</td>
<td>$68.73M</td>
<td>1.42%</td>
</tr>
</tbody>
</table>

Key Takeaway:
MDU Resources Gr ranks at the top for Gross Profit and Return on Equity among its peers. It is in the middle for Revenue Growth.
<h3>Get to Know MDU Resources Gr Better</h3>
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.
<h3>MDU Resources Gr's Financial Performance</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Challenges: MDU Resources Gr's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -3.99%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Utilities sector.
Net Margin: MDU Resources Gr's net margin is impressive, surpassing industry averages. With a net margin of 5.77%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): MDU Resources Gr's ROE stands out, surpassing industry averages. With an impressive ROE of 2.02%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): MDU Resources Gr's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.77%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.82, MDU Resources Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.
<a href="https://www.benzinga.com/quote/MDU/earnings">To track all earnings releases for MDU Resources Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Uncovering Potential: MDU Resources Gr's Earnings Preview

B of A Securities analyst Dariusz Lozny upgrades MDU Resources Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) from Neutral to Buy and lowers the price target from $31 to $17.

Upgrades

B of A Securities Upgrades MDU Resources Gr to Buy, Lowers Price Target to $17

WIIM

MDU Resources shares are trading lower. Everus Construction Group completed its spinoff from the company.

<h3>Gainers</h3>
<ul>
<li>Vast Renewables (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTE#NASDAQ">VSTE</a>) shares moved upwards by 256.0% to $7.12 during Friday's regular session. The market value of their outstanding shares is at $213.4 million. </li>
<li>Interface (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TILE#NASDAQ">TILE</a>) shares rose 32.45% to $23.14. The company's market cap stands at $1.3 billion. As per the press release, Q3 earnings came out today. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) shares rose 26.44% to $0.57. The company's market cap stands at $2.4 million. </li>
<li>Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) shares moved upwards by 19.79% to $99.43. The company's market cap stands at $3.5 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>American Superconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) stock increased by 17.06% to $28.7. The market value of their outstanding shares is at $1.1 billion. As per the news, the Q2 earnings report came out 2 days ago. </li>
<li>NeoVolta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEOV#NASDAQ">NEOV</a>) stock rose 12.04% to $3.41. The market value of their outstanding shares is at $113.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>MDU Resources Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) stock declined by 46.9% to $15.31 during Friday's regular session. The market value of their outstanding shares is at $3.1 billion. </li>
<li>Advent Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) shares declined by 21.78% to $1.85. The market value of their outstanding shares is at $4.8 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock declined by 15.98% to $0.79. The market value of their outstanding shares is at $1.6 million. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock fell 13.21% to $0.46. </li>
<li>Asure Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASUR#NASDAQ">ASUR</a>) stock declined by 12.2% to $8.71. The company's market cap stands at $230.4 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) shares decreased by 11.61% to $0.21. The company's market cap stands at $6.2 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.

Movers

AMSC

ASUR

BURU

EFSH

NEOV

SGBX

SOAR

TILE

VSTE

12 Industrials Stocks Moving In Friday's Intraday Session

Everus Construction Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECG#NYSE">ECG</a>) today announced the successful completion of its spinoff from MDU Resources Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>). As a result of the spinoff, Everus will begin "regular way" trading on the New York Stock Exchange as its board of directors and leadership team celebrate becoming an independent, publicly traded company by ringing the Opening Bell&#xAE;.

Everus Construction Group Completes Spinoff From MDU Resources

<h3>Gainers</h3>
<ul>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) stock rose 21.1% to $0.55 during Friday's pre-market session. The market value of their outstanding shares is at $2.3 million. </li>
<li>Interface (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TILE#NASDAQ">TILE</a>) stock increased by 14.48% to $20.0. The company's market cap stands at $1.1 billion. As per the press release, Q3 earnings came out today. </li>
<li>Amprius Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>) stock moved upwards by 10.37% to $1.49. The company's market cap stands at $157.6 million. </li>
<li>MasTec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTZ#NYSE">MTZ</a>) shares increased by 8.21% to $132.99. The company's market cap stands at $10.5 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Perma-Fix Envirn Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PESI#NASDAQ">PESI</a>) shares rose 8.04% to $14.5. The market value of their outstanding shares is at $228.9 million. </li>
<li>Eos Energy Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) stock increased by 7.39% to $3.34. The market value of their outstanding shares is at $723.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>MDU Resources Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) stock declined by 30.8% to $19.98 during Friday's pre-market session. The market value of their outstanding shares is at $4.0 billion. </li>
<li>Advent Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) shares fell 15.87% to $1.99. The market value of their outstanding shares is at $5.2 million. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) shares decreased by 12.48% to $0.46. </li>
<li>YY Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYGH#NASDAQ">YYGH</a>) stock decreased by 7.59% to $1.34. The company's market cap stands at $46.1 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock declined by 6.76% to $0.45. The company's market cap stands at $41.7 million. </li>
<li>nVent Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVT#NYSE">NVT</a>) stock fell 5.66% to $70.36. The market value of their outstanding shares is at $11.6 billion. As per the news, the Q3 earnings report came out today. 
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.

AMPX

EOSE

PESI

YYGH

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

<h3>Gainers</h3>
<ul>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) shares increased by 21.1% to $0.55 during Friday's pre-market session. The market value of their outstanding shares is at $2.3 million. </li>
<li>Interface (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TILE#NASDAQ">TILE</a>) shares moved upwards by 14.48% to $20.0. The company's market cap stands at $1.1 billion. The company's, Q3 earnings came out today. </li>
<li>MasTec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTZ#NYSE">MTZ</a>) shares rose 8.21% to $132.99. The market value of their outstanding shares is at $10.5 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Perma-Fix Envirn Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PESI#NASDAQ">PESI</a>) shares increased by 8.04% to $14.5. The market value of their outstanding shares is at $228.9 million. </li>
<li>Eos Energy Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) stock moved upwards by 7.39% to $3.34. The market value of their outstanding shares is at $723.7 million. </li>
<li>Enviri (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVRI#NYSE">NVRI</a>) shares increased by 6.91% to $8.19. The market value of their outstanding shares is at $656.1 million. As per the news, the Q3 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>MDU Resources Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) shares declined by 30.8% to $19.98 during Friday's pre-market session. The company's market cap stands at $4.0 billion. </li>
<li>Advent Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) stock decreased by 15.87% to $1.99. The market value of their outstanding shares is at $5.2 million. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) shares fell 12.48% to $0.46. </li>
<li>YY Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYGH#NASDAQ">YYGH</a>) stock decreased by 7.59% to $1.34. The company's market cap stands at $46.1 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock decreased by 6.76% to $0.45. The market value of their outstanding shares is at $41.7 million. </li>
<li>nVent Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVT#NYSE">NVT</a>) shares decreased by 5.66% to $70.36. The market value of their outstanding shares is at $11.6 billion. The company's, Q3 earnings came out today. 
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.

NVRI

S&amp;P SmallCap 600 constituent MDU Resources Group is spinning off Everus Construction Group in a transaction expected to be completed on November 1.&nbsp;
Following the spin-off, the parent company MDU Resources Group will remain in the S&amp;P SmallCap 600 but will change its Global Industry Classification Standard (GICS) sector from Industrials to Utilities.
&nbsp;Clearwater Paper is no longer representative of the small-cap market space.&nbsp;

ECGW

Everus Construction To Be Added To The S&P SmallCap 600 Effective November 1, Replacing Clearwater Paper

B of A Securities analyst Dariusz Lozny downgrades MDU Resources Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) from Buy to Neutral and raises the price target from $30 to $31.

Downgrades

B of A Securities Downgrades MDU Resources Gr to Neutral, Raises Price Target to $31

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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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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</ul>

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Mid Cap

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>
Read Next: 
<ul>
<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>

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ALLE

AXON

ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF

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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'

Mdu Resources Group ( ($MDU) ) has issued an update. MDU Resources Group, Inc. has unveiled an ambitious five-year capital investment plan, signali...

MDU Resources Unveils Ambitious Five-Year Investment Plan

MDU Resources boosts planned five-year capex to $3.1B

As previously reported, Wolfe Research initiated coverage of Everus Construction Group (ECG), which was spun-out from MDU Resources (MDU), with a P...

Wolfe Research starts MDU spinout Everus with a Peer Perform

Miller-Howard Utilities Plus Q3 2024 Commentary

Knife River: Aggregating Of Aggregates

XSLV: Not The Best Small-Cap Low-Volatility ETF

Jefferies initiated coverage of MDU Resources (MDU) with a Hold rating and $18 price target MDU Resources is an upper-midwest, pacific northwest el...

MDU Resources initiated with a Hold at Jefferies

Julien Dumoulin Smith, an analyst from Jefferies, has initiated a new Hold rating on Mdu Resources Group (MDU). Julien Dumoulin Smith has given his...

Julien Dumoulin Smith Recommends Hold on MDU Resources Group Amid Valuation Concerns and Growth Prospects

Oppenheimer's sector pairs: one buy and one sell idea from each sector

MDU Resources: Power-Packed Opportunity For Income And Growth Investors

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

Everus Construction Group Set to Join S&P SmallCap 600

MDU Resources Completes Spinoff of Everus Construction Group

MDU Resources Reports Strong Q3 Earnings, Increases 2024 Guidance

MDU Resources Announces Quarterly Dividend on Common Stock

MDU Resources Welcomes Vernon Dosch to Board of Directors

MDU Resources Group Announces Increased Capital Investment Plan for 2025-2029

NorthWestern Energy Welcomes New Board Member

MDU Resources to Webcast Year-End 2024 Earnings Conference Call

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