Jane Kenny Sells 8,000 Shares of NewJersey Resources (NYSE:NJR) Stock

May 12, 2026 by InsiderTrades.com

Key Points

Director Jane Kenny sold 8,000 shares of NewJersey Resources stock on May 8 at an average price of $56.10, reducing her holdings by 26.67% to 21,998 shares.
The company reported stronger-than-expected quarterly results, posting EPS of $2.20 versus the $1.89 consensus and revenue of $939.4 million, while also raising FY2026 guidance to $3.48–$3.63 EPS.
NewJersey Resources declared a quarterly dividend of $0.475, payable July 1 to shareholders of record on June 10, implying an annualized yield of about 3.4%.

NewJersey Resources Corporation (NYSE:NJR - Get Free Report) Director Jane Kenny sold 8,000 shares of the company's stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $56.10, for a total value of $448,800.00. Following the transaction, the director directly owned 21,998 shares of the company's stock, valued at $1,234,087.80. The trade was a 26.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NewJersey Resources Trading Up 0.4%

NJR opened at $55.79 on Tuesday. The business has a 50 day simple moving average of $55.22 and a two-hundred day simple moving average of $50.46. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 16.55 and a beta of 0.51. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.80. NewJersey Resources Corporation has a one year low of $43.46 and a one year high of $57.85.

NewJersey Resources (NYSE:NJR - Get Free Report) last announced its earnings results on Monday, May 4th. The utilities provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.31. NewJersey Resources had a return on equity of 14.58% and a net margin of 15.67%.The firm had revenue of $939.40 million during the quarter, compared to analyst estimates of $849.95 million. During the same quarter in the prior year, the company earned $1.78 EPS. The business's revenue was up 2.9% compared to the same quarter last year. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. Analysts predict that NewJersey Resources Corporation will post 3.5 EPS for the current year.

NewJersey Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a $0.475 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.90 annualized dividend and a dividend yield of 3.4%. NewJersey Resources's dividend payout ratio is currently 56.38%.

Analyst Ratings Changes

Several research analysts have recently issued reports on NJR shares. Williams Trading set a $55.00 target price on NewJersey Resources in a research report on Tuesday, February 3rd. Argus raised NewJersey Resources to a "strong-buy" rating in a research report on Thursday, January 22nd. Mizuho increased their target price on NewJersey Resources from $54.00 to $61.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 21st. Weiss Ratings raised NewJersey Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, February 13th. Finally, Wall Street Zen raised NewJersey Resources from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, NewJersey Resources presently has an average rating of "Buy" and a consensus target price of $54.80.

Read Our Latest Research Report on NJR

Institutional Trading of NewJersey Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans grew its stake in shares of NewJersey Resources by 200.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 71,444 shares of the utilities provider's stock worth $3,440,000 after buying an additional 47,635 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of NewJersey Resources by 603.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 81,289 shares of the utilities provider's stock worth $3,784,000 after buying an additional 69,736 shares during the last quarter. Advisors Preferred LLC grew its stake in shares of NewJersey Resources by 147.1% in the 3rd quarter. Advisors Preferred LLC now owns 133,438 shares of the utilities provider's stock worth $6,361,000 after buying an additional 79,436 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in shares of NewJersey Resources by 14.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 200,427 shares of the utilities provider's stock worth $9,651,000 after buying an additional 26,020 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of NewJersey Resources by 68.2% in the 3rd quarter. Victory Capital Management Inc. now owns 610,166 shares of the utilities provider's stock worth $29,379,000 after buying an additional 247,310 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

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.