Key Points
- SVP Richard Reich sold 5,449 shares on March 19 at an average price of $52.99 for about $288,742, reducing his stake by 16.81% to 26,975 shares.
- Quarterly results beat expectations: NJR reported $1.17 EPS vs. $0.95 estimate and $604.85M revenue (up 23.8% YoY), and set FY2026 guidance of $3.280–3.43 EPS.
- NJR declared a quarterly dividend of $0.475 ($1.90 annualized) for a ~3.6% yield; the ex-dividend date is March 11 and the payout is scheduled for April 1.
NewJersey Resources Corporation (NYSE:NJR - Get Free Report) SVP Richard Reich sold 5,449 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $52.99, for a total transaction of $288,742.51. Following the transaction, the senior vice president directly owned 26,975 shares of the company's stock, valued at $1,429,405.25. This represents a 16.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
NewJersey Resources Stock Down 2.0%
NYSE NJR opened at $52.70 on Friday. NewJersey Resources Corporation has a twelve month low of $43.46 and a twelve month high of $55.49. The stock has a market cap of $5.31 billion, a PE ratio of 16.32 and a beta of 0.57. The firm has a 50-day simple moving average of $51.92 and a 200 day simple moving average of $48.32. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.58 and a current ratio of 0.83.
NewJersey Resources (NYSE:NJR - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $604.85 million during the quarter, compared to analysts' expectations of $546.90 million. During the same quarter in the prior year, the firm posted $1.29 EPS. The company's revenue for the quarter was up 23.8% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.280-3.43 EPS. On average, research analysts forecast that NewJersey Resources Corporation will post 3.15 EPS for the current year.
NewJersey Resources Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, March 11th. NewJersey Resources's dividend payout ratio (DPR) is 58.82%.
Analysts Set New Price Targets
NJR has been the topic of several analyst reports. Weiss Ratings raised shares of NewJersey Resources from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 13th. Mizuho upgraded shares of NewJersey Resources from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $51.00 to $54.00 in a research report on Wednesday, December 17th. Raymond James Financial reissued an "outperform" rating on shares of NewJersey Resources in a research note on Tuesday, February 3rd. New Street Research set a $54.00 price target on shares of NewJersey Resources in a research report on Wednesday, December 17th. Finally, Wall Street Zen upgraded shares of NewJersey Resources from a "sell" rating to a "hold" rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $53.00.
Get Our Latest Analysis on NewJersey Resources
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of NewJersey Resources in the 3rd quarter valued at $28,000. Bessemer Group Inc. lifted its stake in shares of NewJersey Resources by 60.1% during the third quarter. Bessemer Group Inc. now owns 613 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 230 shares during the period. Tradewinds Capital Management LLC bought a new position in NewJersey Resources in the third quarter valued at about $30,000. Torren Management LLC acquired a new stake in NewJersey Resources in the fourth quarter worth about $35,000. Finally, Smartleaf Asset Management LLC increased its position in NewJersey Resources by 118.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 933 shares of the utilities provider's stock worth $43,000 after purchasing an additional 505 shares during the period. 70.98% of the stock is currently owned by institutional investors.
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.
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