Key Points
- COO Patrick Migliaccio sold 4,017 shares on Dec. 23 at an average price of $46.46, trimming his stake by 9.55% to 38,065 shares valued at about $1.77 million.
- The company posted Q results of $0.16 EPS (beat by $0.01) and $336.08M revenue (above estimates) despite revenue falling 15.1% YoY, and set FY2026 guidance of 3.030–3.180 EPS (analysts expect ~3.15).
- NewJersey Resources declared a quarterly dividend of $0.475 (annualized $1.90), with an approx. 4.1% yield, ex-dividend date Dec. 12 and payable Jan. 2.
NewJersey Resources Corporation (NYSE:NJR - Get Free Report) COO Patrick Migliaccio sold 4,017 shares of NewJersey Resources stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $46.46, for a total value of $186,629.82. Following the sale, the chief operating officer directly owned 38,065 shares of the company's stock, valued at approximately $1,768,499.90. This represents a 9.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
NewJersey Resources Stock Up 0.7%
Shares of NJR stock opened at $46.38 on Tuesday. NewJersey Resources Corporation has a fifty-two week low of $43.46 and a fifty-two week high of $50.76. The firm has a market capitalization of $4.67 billion, a PE ratio of 13.93 and a beta of 0.61. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.40 and a current ratio of 0.73. The stock's 50-day simple moving average is $46.17 and its 200-day simple moving average is $46.26.
NewJersey Resources (NYSE:NJR - Get Free Report) last issued its earnings results on Wednesday, November 19th. The utilities provider reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. NewJersey Resources had a return on equity of 13.73% and a net margin of 16.48%.The firm had revenue of $336.08 million for the quarter, compared to analyst estimates of $307.30 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. NewJersey Resources's revenue for the quarter was down 15.1% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.030-3.180 EPS. Equities analysts expect that NewJersey Resources Corporation will post 3.15 earnings per share for the current year.
NewJersey Resources Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be paid a $0.475 dividend. The ex-dividend date is Friday, December 12th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.1%. NewJersey Resources's dividend payout ratio is presently 57.06%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its holdings in NewJersey Resources by 633.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,549 shares of the utilities provider's stock worth $223,000 after acquiring an additional 3,929 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of NewJersey Resources in the first quarter valued at about $8,907,000. Magnetar Financial LLC purchased a new stake in shares of NewJersey Resources during the first quarter worth about $270,000. Energy Income Partners LLC raised its position in shares of NewJersey Resources by 4.2% during the 1st quarter. Energy Income Partners LLC now owns 324,997 shares of the utilities provider's stock worth $15,944,000 after purchasing an additional 13,114 shares during the last quarter. Finally, Graham Capital Management L.P. lifted its stake in NewJersey Resources by 230.9% in the 1st quarter. Graham Capital Management L.P. now owns 32,520 shares of the utilities provider's stock valued at $1,595,000 after buying an additional 22,692 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.
Analyst Upgrades and Downgrades
NJR has been the topic of several recent research reports. New Street Research set a $54.00 price target on shares of NewJersey Resources in a report on Wednesday, December 17th. Raymond James Financial reiterated an "outperform" rating and set a $53.00 price target on shares of NewJersey Resources in a research report on Thursday, November 20th. Mizuho upgraded NewJersey Resources from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $51.00 to $54.00 in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NewJersey Resources in a research note on Monday, December 22nd. Finally, Wall Street Zen cut shares of NewJersey Resources from a "hold" rating to a "sell" rating in a research note on Sunday. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, NewJersey Resources presently has a consensus rating of "Hold" and an average price target of $52.86.
Get Our Latest Analysis on NJR
About NewJersey Resources
(
Get Free Report)
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.
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