Segall Bryant & Hamill LLC Sells 94,716 Shares of NewJersey Resources Corporation $NJR

Segall Bryant & Hamill LLC cut its stake in shares of NewJersey Resources Corporation (NYSE:NJR) by 23.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 313,895 shares of the utilities provider’s stock after selling 94,716 shares during the period. Segall Bryant & Hamill LLC’s holdings in NewJersey Resources were worth $17,239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NJR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of NewJersey Resources by 6.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,363 shares of the utilities provider’s stock valued at $2,912,000 after purchasing an additional 3,422 shares during the period. NewEdge Advisors LLC grew its position in NewJersey Resources by 65.7% during the first quarter. NewEdge Advisors LLC now owns 22,214 shares of the utilities provider’s stock valued at $1,090,000 after buying an additional 8,808 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in NewJersey Resources by 10.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 320,113 shares of the utilities provider’s stock valued at $15,705,000 after buying an additional 29,458 shares during the last quarter. Jane Street Group LLC bought a new position in NewJersey Resources in the first quarter worth approximately $8,907,000. Finally, Invesco Ltd. raised its position in NewJersey Resources by 14.4% in the second quarter. Invesco Ltd. now owns 465,923 shares of the utilities provider’s stock worth $20,883,000 after acquiring an additional 58,795 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NewJersey Resources

In other NewJersey Resources news, Director Jane M. Kenny sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $56.10, for a total transaction of $448,800.00. Following the completion of the transaction, the director owned 21,998 shares in the company, valued at $1,234,087.80. This trade represents a 26.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Christopher T. D’antuono sold 1,150 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $57.34, for a total value of $65,941.00. Following the sale, the insider directly owned 2,985 shares in the company, valued at $171,159.90. This trade represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 12,150 shares of company stock valued at $682,261 in the last 90 days. Insiders own 0.70% of the company’s stock.

NewJersey Resources Stock Performance

NYSE NJR opened at $57.86 on Friday. The business has a 50-day moving average price of $56.80 and a 200-day moving average price of $54.86. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 17.17 and a beta of 0.50. NewJersey Resources Corporation has a twelve month low of $43.46 and a twelve month high of $60.86. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 1.24.

NewJersey Resources (NYSE:NJR) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.31. The business had revenue of $939.40 million during the quarter, compared to the consensus estimate of $849.95 million. NewJersey Resources had a return on equity of 14.58% and a net margin of 15.67%.The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. As a group, equities research analysts predict that NewJersey Resources Corporation will post 3.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on NJR. Weiss Ratings upgraded NewJersey Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 27th. Argus set a $63.00 price target on NewJersey Resources in a research report on Wednesday, May 20th. Mizuho raised their price objective on NewJersey Resources from $54.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company started coverage on NewJersey Resources in a research note on Tuesday, May 12th. They set an “overweight” rating and a $63.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $58.17.

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.