NewJersey Resources Corporation $NJR Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of NewJersey Resources Corporation (NYSE:NJR) by 1,989.9% in the fourth quarter, HoldingsChannel reports. The fund owned 166,003 shares of the utilities provider’s stock after buying an additional 158,060 shares during the quarter. SG Americas Securities LLC’s holdings in NewJersey Resources were worth $7,656,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of NewJersey Resources by 3.8% in the third quarter. Dimensional Fund Advisors LP now owns 3,566,321 shares of the utilities provider’s stock worth $171,717,000 after acquiring an additional 130,831 shares during the last quarter. Northern Trust Corp raised its stake in NewJersey Resources by 1.1% during the third quarter. Northern Trust Corp now owns 1,335,344 shares of the utilities provider’s stock worth $64,297,000 after purchasing an additional 14,512 shares during the period. Norges Bank purchased a new position in NewJersey Resources during the second quarter worth approximately $52,671,000. First Trust Advisors LP boosted its holdings in shares of NewJersey Resources by 10.7% in the 3rd quarter. First Trust Advisors LP now owns 1,158,719 shares of the utilities provider’s stock valued at $55,792,000 after purchasing an additional 111,696 shares during the last quarter. Finally, Energy Income Partners LLC grew its stake in shares of NewJersey Resources by 19.1% during the 3rd quarter. Energy Income Partners LLC now owns 951,527 shares of the utilities provider’s stock valued at $45,816,000 after buying an additional 152,866 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

NewJersey Resources Stock Up 1.6%

Shares of NewJersey Resources stock opened at $55.45 on Tuesday. NewJersey Resources Corporation has a twelve month low of $43.46 and a twelve month high of $55.70. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 17.17 and a beta of 0.57. The company has a current ratio of 0.83, a quick ratio of 0.58 and a debt-to-equity ratio of 1.32. The company has a fifty day moving average price of $52.77 and a 200 day moving average price of $48.66.

NewJersey Resources (NYSE:NJR) last released its quarterly earnings data on Monday, February 2nd. The utilities provider reported $1.17 EPS for the quarter, beating the consensus estimate of $0.95 by $0.22. NewJersey Resources had a return on equity of 13.06% and a net margin of 15.18%.The company had revenue of $604.85 million for the quarter, compared to analyst estimates of $546.90 million. During the same period last year, the company posted $1.29 earnings per share. The firm’s revenue was up 23.8% compared to the same quarter last year. NewJersey Resources has set its FY 2026 guidance at 3.280-3.43 EPS. Equities research analysts forecast that NewJersey Resources Corporation will post 3.15 earnings per share for the current fiscal year.

NewJersey Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Wednesday, March 11th. NewJersey Resources’s dividend payout ratio is currently 58.82%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NJR. Raymond James Financial reaffirmed an “outperform” rating on shares of NewJersey Resources in a research report on Tuesday, February 3rd. Williams Trading set a $55.00 price target on NewJersey Resources in a research report on Tuesday, February 3rd. New Street Research set a $54.00 price target on NewJersey Resources in a research note on Wednesday, December 17th. Wall Street Zen raised NewJersey Resources from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Mizuho upgraded NewJersey Resources from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $51.00 to $54.00 in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.00.

Insider Activity at NewJersey Resources

In other NewJersey Resources news, SVP Richard Reich sold 5,449 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $52.99, for a total value of $288,742.51. Following the transaction, the senior vice president owned 26,975 shares in the company, valued at $1,429,405.25. The trade was a 16.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Roberto Bel sold 6,105 shares of NewJersey Resources stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $55.10, for a total value of $336,385.50. Following the sale, the chief financial officer directly owned 19,780 shares in the company, valued at approximately $1,089,878. The trade was a 23.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.70% of the stock is owned by company insiders.

NewJersey Resources Company Profile

New Jersey Resources Corporation is a publicly traded energy services holding company headquartered in Wall Township, New Jersey. The firm’s primary focus is on the safe and reliable distribution of natural gas, along with complementary energy services and renewable energy investments. Its operations center on delivering cost-effective solutions to residential, commercial and industrial customers throughout the state.

The company’s principal subsidiary, New Jersey Natural Gas, owns and operates an extensive pipeline network that spans northern, central and southern New Jersey.