With significant upside potential, MDU Resources Group, Inc. (NYSE:MDU) secures a spot on our list of the 13 Best Diversified Stocks to Buy According to Hedge Funds.
On September 19, 2025, Jefferies upgraded MDU Resources Group, Inc. (NYSE:MDU) from ‘Hold’ to ‘Buy’, raising its price target from $18 to $20. The investment firm cited the company’s attractive valuation and growth potential.
Even after factoring potential benefits from the Bakken East Pipeline project, MDU Resources Group, Inc. (NYSE:MDU) is seen as undervalued relative to its core business, the investment firm notes. Jefferies also highlighted the company’s healthy dividend yield of 3.48% and consistent earnings growth of 6-8% annually. The analyst also noted that the path for the company’s regulated energy delivery operations is clear as uncertainty following the spin-off subsides. Looking ahead, an upcoming pipeline announcement is seen as a potential catalyst for the stock to be re-rated by the market, the brokerage noted.
With its Electric, Natural Gas Distribution, and Pipeline segments, MDU Resources Group, Inc. (NYSE:MDU) provides regulated energy delivery services across the U.S. It is one of the Best Diversified Stocks.
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