American Century Companies Inc. Has $6.14 Million Position in NewJersey Resources Corporation $NJR

American Century Companies Inc. grew its position in shares of NewJersey Resources Corporation (NYSE:NJR) by 9.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,933 shares of the utilities provider’s stock after purchasing an additional 12,019 shares during the quarter. American Century Companies Inc. owned approximately 0.14% of NewJersey Resources worth $6,137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Jacobi Capital Management LLC increased its position in NewJersey Resources by 1.0% in the 1st quarter. Jacobi Capital Management LLC now owns 28,505 shares of the utilities provider’s stock valued at $1,398,000 after acquiring an additional 275 shares during the period. IFP Advisors Inc grew its stake in shares of NewJersey Resources by 23.1% in the second quarter. IFP Advisors Inc now owns 1,504 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 282 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of NewJersey Resources by 0.8% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 33,860 shares of the utilities provider’s stock worth $1,518,000 after purchasing an additional 282 shares during the last quarter. Good Life Advisors LLC increased its holdings in NewJersey Resources by 0.9% in the second quarter. Good Life Advisors LLC now owns 35,297 shares of the utilities provider’s stock valued at $1,582,000 after purchasing an additional 321 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in NewJersey Resources by 2.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,553 shares of the utilities provider’s stock valued at $524,000 after purchasing an additional 325 shares during the period. 70.98% of the stock is currently owned by institutional investors.

NewJersey Resources Price Performance

Shares of NYSE NJR opened at $45.06 on Friday. The firm has a market capitalization of $4.54 billion, a P/E ratio of 13.53 and a beta of 0.61. The firm’s 50-day moving average price is $46.32 and its 200-day moving average price is $46.16. The company has a current ratio of 0.73, a quick ratio of 0.40 and a debt-to-equity ratio of 1.36. NewJersey Resources Corporation has a 1-year low of $43.46 and a 1-year high of $50.76.

NewJersey Resources (NYSE:NJR) last released its quarterly earnings data on Wednesday, November 19th. The utilities provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $336.08 million for the quarter, compared to the consensus estimate of $307.30 million. NewJersey Resources had a net margin of 16.48% and a return on equity of 13.73%. The business’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 earnings per share. NewJersey Resources has set its FY 2026 guidance at 3.030-3.180 EPS. Equities research analysts anticipate that NewJersey Resources Corporation will post 3.15 earnings per share for the current fiscal year.

NewJersey Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, December 12th. This represents a $1.90 annualized dividend and a yield of 4.2%. NewJersey Resources’s dividend payout ratio (DPR) is 57.06%.

Analysts Set New Price Targets

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

About NewJersey Resources

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.