AXQ Capital LP Makes New $295,000 Investment in NewJersey Resources Corporation $NJR

AXQ Capital LP acquired a new position in shares of NewJersey Resources Corporation (NYSE:NJR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,573 shares of the utilities provider’s stock, valued at approximately $295,000.

Several other institutional investors have also added to or reduced their stakes in NJR. Jacobi Capital Management LLC lifted its stake in NewJersey Resources by 1.0% in the first quarter. Jacobi Capital Management LLC now owns 28,505 shares of the utilities provider’s stock valued at $1,398,000 after buying an additional 275 shares during the period. IFP Advisors Inc grew its position in shares of NewJersey Resources by 23.1% during the 2nd quarter. IFP Advisors Inc now owns 1,504 shares of the utilities provider’s stock worth $67,000 after buying an additional 282 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of NewJersey Resources by 0.8% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 33,860 shares of the utilities provider’s stock valued at $1,518,000 after acquiring an additional 282 shares in the last quarter. Good Life Advisors LLC lifted its position in shares of NewJersey Resources by 0.9% during the 2nd quarter. Good Life Advisors LLC now owns 35,297 shares of the utilities provider’s stock valued at $1,582,000 after acquiring an additional 321 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of NewJersey Resources by 2.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,553 shares of the utilities provider’s stock valued at $524,000 after acquiring an additional 325 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NJR has been the topic of a number of recent research reports. Weiss Ratings upgraded NewJersey Resources from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday. Raymond James Financial restated an “outperform” rating and set a $53.00 price objective on shares of NewJersey Resources in a report on Thursday. Finally, Wall Street Zen cut shares of NewJersey Resources from a “hold” rating to a “sell” rating in a report on Saturday. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $51.86.

NewJersey Resources Trading Down 1.1%

Shares of NewJersey Resources stock opened at $48.32 on Tuesday. The company’s 50-day moving average price is $46.34 and its 200-day moving average price is $46.14. The company has a current ratio of 0.76, a quick ratio of 0.48 and a debt-to-equity ratio of 1.25. NewJersey Resources Corporation has a 12-month low of $43.46 and a 12-month high of $51.94. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 11.81 and a beta of 0.67.

NewJersey Resources (NYSE:NJR) last announced its earnings results on Wednesday, November 19th. The utilities provider reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $336.08 million for the quarter, compared to analyst estimates of $307.30 million. NewJersey Resources had a return on equity of 17.08% and a net margin of 19.64%.The company’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. NewJersey Resources has set its FY 2026 guidance at 3.030-3.180 EPS. On average, equities analysts expect that NewJersey Resources Corporation will post 3.15 earnings per share for the current fiscal year.

NewJersey Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.90 annualized dividend and a dividend yield of 3.9%. NewJersey Resources’s dividend payout ratio (DPR) is currently 57.06%.

NewJersey Resources Company Profile

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets.