Analysts’ Recent Ratings Changes for NewJersey Resources (NJR)

Several analysts have recently updated their ratings and price targets for NewJersey Resources (NYSE: NJR):

• 9/20/2026 – NewJersey Resources was upgraded by Wall Street Zen from “sell” to “hold”.
• 9/14/2026 – NewJersey Resources was given a new $68.00 price target by New Street Research.
• 9/14/2026 – NewJersey Resources is now covered by Huntington. They set an “outperform” rating and a $68.00 price target on the stock.
• 9/12/2026 – NewJersey Resources was downgraded by Wall Street Zen from “hold” to “sell”.
• 9/11/2026 – NewJersey Resources had its price target lowered by JPMorgan Chase & Co. from $64.00 to $63.00. They now have an “overweight” rating on the stock.
• 8/6/2026 – NewJersey Resources was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.
• 8/5/2026 – NewJersey Resources was downgraded by Wells Fargo & Company from “overweight” to “equal weight”. They now have a $61.00 price target on the stock, down from $63.00.

NewJersey Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 24th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, September 24th. This is an increase from NewJersey Resources’s previous quarterly dividend of $0.4750. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.9%. NewJersey Resources’s payout ratio is presently 55.25%.

Insider Activity at NewJersey Resources

In related news, COO Patrick Migliaccio sold 3,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $55.63, for a total value of $166,890.00. Following the transaction, the chief operating officer owned 32,202 shares of the company’s stock, valued at $1,791,397.26. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

New Jersey Resources Corporation (NYSE: NJR) is an energy services holding company headquartered in Wall, New Jersey. Through its subsidiaries, the company provides natural gas distribution, transportation, storage, wholesale marketing, and related energy services, with operations focused primarily on New Jersey and the broader Mid-Atlantic region.

NJR’s principal utility subsidiary, New Jersey Natural Gas, delivers natural gas to residential, commercial, and industrial customers across much of New Jersey.