Capital Fund Management S.A. Raises Position in NewJersey Resources Corporation $NJR

Capital Fund Management S.A. increased its stake in NewJersey Resources Corporation (NYSE:NJR) by 56.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,604 shares of the utilities provider’s stock after acquiring an additional 23,319 shares during the period. Capital Fund Management S.A. owned about 0.06% of NewJersey Resources worth $2,896,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NJR. Cullen Frost Bankers Inc. raised its holdings in NewJersey Resources by 153.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 754 shares of the utilities provider’s stock valued at $34,000 after buying an additional 456 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of NewJersey Resources by 1,715.4% in the first quarter. Brooklyn Investment Group now owns 1,416 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 1,338 shares during the last quarter. IFP Advisors Inc lifted its holdings in NewJersey Resources by 23.1% in 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. Palouse Capital Management Inc. purchased a new stake in NewJersey Resources in the second quarter worth $95,000. Finally, AlphaQuest LLC boosted its holdings in NewJersey Resources by 112.1% in the second quarter. AlphaQuest LLC now owns 2,229 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 1,178 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on NJR. Raymond James Financial restated an “outperform” rating and issued a $53.00 price objective on shares of NewJersey Resources in a report on Thursday, November 20th. Wall Street Zen downgraded shares of NewJersey Resources from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NewJersey Resources in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $51.86.

NewJersey Resources Price Performance

NYSE NJR opened at $46.37 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.48 and a current ratio of 0.76. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 11.34 and a beta of 0.61. The stock has a 50-day moving average of $46.45 and a 200 day moving average of $46.19. NewJersey Resources Corporation has a one year low of $43.46 and a one year high of $51.60.

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

NewJersey Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.90 annualized dividend and a dividend yield of 4.1%. NewJersey Resources’s payout ratio is presently 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.