Key Points
- CFO Roberto Bel sold 6,105 shares on March 16 at an average price of $55.10 for $336,385.50, reducing his stake by 23.6% to 19,780 shares, per an SEC filing.
- NewJersey Resources beat Q results with EPS of $1.17 vs. $0.95 expected and revenue of $604.85M (up 23.8% YoY), set FY2026 guidance of $3.28–3.43 EPS, and declared a quarterly dividend of $0.475 (3.5% yield).
- Analysts have a consensus "Moderate Buy" view with a $53 target; the stock trades near its one-year high (~$54.20), has a market cap of $5.47B and roughly 71% institutional ownership.
NewJersey Resources Corporation (NYSE:NJR - Get Free Report) CFO Roberto Bel sold 6,105 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $55.10, for a total transaction of $336,385.50. Following the transaction, the chief financial officer directly owned 19,780 shares in the company, valued at $1,089,878. This trade represents a 23.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NewJersey Resources Stock Performance
Shares of NJR opened at $54.20 on Wednesday. NewJersey Resources Corporation has a one year low of $43.46 and a one year high of $55.49. The company has a market cap of $5.47 billion, a PE ratio of 16.78 and a beta of 0.57. The stock has a 50-day moving average of $51.51 and a 200-day moving average of $48.21. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.83 and a quick ratio of 0.58.
NewJersey Resources (NYSE:NJR - Get Free Report) last posted its quarterly earnings results on Monday, February 2nd. The utilities provider reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.22. The business had revenue of $604.85 million for the quarter, compared to the consensus estimate of $546.90 million. NewJersey Resources had a return on equity of 13.06% and a net margin of 15.18%.The firm's revenue for the quarter was up 23.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 EPS. NewJersey Resources has set its FY 2026 guidance at 3.280-3.43 EPS. On average, equities research analysts predict that NewJersey Resources Corporation will post 3.15 EPS for the current fiscal year.
NewJersey Resources Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, March 11th. NewJersey Resources's dividend payout ratio is presently 58.82%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on NJR shares. New Street Research set a $54.00 price target on shares of NewJersey Resources in a research report on Wednesday, December 17th. Wall Street Zen upgraded shares of NewJersey Resources from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. Raymond James Financial reaffirmed an "outperform" rating on shares of NewJersey Resources in a research note on Tuesday, February 3rd. Weiss Ratings upgraded shares of NewJersey Resources from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 13th. Finally, Mizuho raised shares of 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 research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $53.00.
Get Our Latest Analysis on NJR
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC purchased a new stake in NewJersey Resources in the 3rd quarter valued at $28,000. Bessemer Group Inc. boosted its holdings in NewJersey Resources by 60.1% during the 3rd quarter. Bessemer Group Inc. now owns 613 shares of the utilities provider's stock worth $29,000 after acquiring an additional 230 shares during the last quarter. Tradewinds Capital Management LLC purchased a new position in NewJersey Resources during the 3rd quarter worth $30,000. Torren Management LLC bought a new stake in shares of NewJersey Resources in the 4th quarter worth $35,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of NewJersey Resources by 118.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 933 shares of the utilities provider's stock worth $43,000 after acquiring an additional 505 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.
NewJersey Resources Company Profile
(
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.
Further Reading
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