SG Americas Securities LLC Decreases Stock Holdings in NewJersey Resources Corporation $NJR

SG Americas Securities LLC lowered its stake in NewJersey Resources Corporation (NYSE:NJR) by 59.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,943 shares of the utilities provider’s stock after selling 11,694 shares during the quarter. SG Americas Securities LLC’s holdings in NewJersey Resources were worth $382,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC purchased a new position in NewJersey Resources during the third quarter valued at $30,000. Cullen Frost Bankers Inc. raised its position in shares of NewJersey Resources by 153.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 754 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 456 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of NewJersey Resources by 259.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 868 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in NewJersey Resources in the 2nd quarter valued at about $54,000. Finally, IFP Advisors Inc boosted 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 last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NJR shares. New Street Research set a $54.00 price objective on NewJersey Resources in a research note on Wednesday, December 17th. Mizuho raised NewJersey Resources from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $51.00 to $54.00 in a research note on Wednesday, December 17th. Raymond James Financial reissued an “outperform” rating and issued a $53.00 price objective on shares of NewJersey Resources in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c+)” rating on shares of NewJersey Resources in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of NewJersey Resources from a “hold” rating to a “sell” rating in a report on Sunday, December 28th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $52.86.

Insider Buying and Selling at NewJersey Resources

In related news, COO Patrick J. Migliaccio sold 4,017 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $46.46, for a total value of $186,629.82. Following the sale, the chief operating officer directly owned 38,065 shares in the company, valued at approximately $1,768,499.90. The trade was a 9.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

NewJersey Resources Trading Down 0.9%

Shares of NJR opened at $47.90 on Monday. NewJersey Resources Corporation has a 12-month low of $43.46 and a 12-month high of $50.76. The firm has a market capitalization of $4.83 billion, a P/E ratio of 14.38 and a beta of 0.60. The firm has a 50-day moving average price of $46.73 and a 200 day moving average price of $46.54. 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 (NYSE:NJR) last issued its 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. NewJersey Resources had a net margin of 16.48% and a return on equity of 13.73%. The company had revenue of $336.08 million for the quarter, compared to the consensus estimate of $307.30 million. During the same period in the previous year, the firm earned $0.89 earnings per share. NewJersey Resources’s quarterly revenue was down 15.1% compared to the same quarter last year. NewJersey Resources has set its FY 2026 guidance at 3.030-3.180 EPS. Sell-side analysts forecast that NewJersey Resources Corporation will post 3.15 EPS for the current year.

NewJersey Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be given a $0.475 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $1.90 dividend on an annualized basis and a yield of 4.0%. NewJersey Resources’s payout ratio is currently 57.06%.

About NewJersey Resources

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.