Insider Selling: NewJersey Resources (NYSE:NJR) Insider Sells 1,150 Shares of Stock

May 27, 2026 by InsiderTrades.com

Key Points

Insider sale: NewJersey Resources insider Christopher D'antuono sold 1,150 shares on May 22 at an average price of $57.34, totaling about $65,941. After the sale, he still owned 2,985 shares.
Strong quarterly results: The utility reported EPS of $2.20, beating consensus estimates of $1.89, on revenue of $939.4 million versus expectations of $849.95 million. Revenue rose 2.9% year over year.
Dividend and analyst outlook: NJR announced a quarterly dividend of $0.475 per share, payable July 1, for an annualized yield of 3.3%. Analysts currently have a consensus Buy rating with an average price target of $57.14.

NewJersey Resources Corporation (NYSE:NJR - Get Free Report) insider Christopher D'antuono sold 1,150 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $57.34, for a total transaction of $65,941.00. Following the transaction, the insider directly owned 2,985 shares in the company, valued at approximately $171,159.90. This represents a 27.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

NewJersey Resources Stock Performance

NYSE:NJR opened at $57.54 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 1.24. The company has a market cap of $5.81 billion, a P/E ratio of 17.07 and a beta of 0.51. NewJersey Resources Corporation has a fifty-two week low of $43.46 and a fifty-two week high of $58.57. The firm's 50 day moving average is $55.84 and its two-hundred day moving average is $51.41.

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

NewJersey Resources Announces Dividend

The firm also recently disclosed 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 3.3%. NewJersey Resources's dividend payout ratio is presently 56.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NJR shares. Raymond James Financial restated an "outperform" rating on shares of NewJersey Resources in a research note on Tuesday, February 3rd. Argus set a $63.00 price objective on NewJersey Resources in a research note on Wednesday, May 20th. Wall Street Zen upgraded NewJersey Resources from a "sell" rating to a "hold" rating in a research note on Saturday, February 7th. Weiss Ratings restated a "buy (b-)" rating on shares of NewJersey Resources in a research note on Wednesday, May 13th. Finally, Williams Trading set a $55.00 price objective on NewJersey Resources in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, NewJersey Resources currently has a consensus rating of "Buy" and an average target price of $57.14.

View Our Latest Research Report on NewJersey Resources

Institutional Investors Weigh In On NewJersey Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in NewJersey Resources by 5.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,141,330 shares of the utilities provider's stock worth $227,447,000 after buying an additional 207,165 shares during the period. Geode Capital Management LLC increased its stake in NewJersey Resources by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,629,373 shares of the utilities provider's stock worth $121,285,000 after buying an additional 10,448 shares during the period. Northern Trust Corp increased its position in shares of NewJersey Resources by 1.1% in the 3rd quarter. Northern Trust Corp now owns 1,335,344 shares of the utilities provider's stock worth $64,297,000 after purchasing an additional 14,512 shares during the last quarter. Norges Bank bought a new stake in shares of NewJersey Resources in the 4th quarter worth about $60,075,000. Finally, Morgan Stanley increased its position in shares of NewJersey Resources by 19.4% in the 4th quarter. Morgan Stanley now owns 1,283,533 shares of the utilities provider's stock worth $59,197,000 after purchasing an additional 208,388 shares during 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.