NewJersey Resources Corporation $NJR Shares Purchased by Advisors Preferred LLC

Advisors Preferred LLC raised its stake in NewJersey Resources Corporation (NYSE:NJR) by 147.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,438 shares of the utilities provider’s stock after purchasing an additional 79,436 shares during the period. NewJersey Resources comprises 0.9% of Advisors Preferred LLC’s investment portfolio, making the stock its 28th biggest position. Advisors Preferred LLC owned approximately 0.13% of NewJersey Resources worth $6,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in NJR. denkapparat Operations GmbH acquired a new stake in shares of NewJersey Resources during the 2nd quarter worth about $350,000. SG Americas Securities LLC increased its stake in NewJersey Resources by 127.1% in the second quarter. SG Americas Securities LLC now owns 19,637 shares of the utilities provider’s stock valued at $880,000 after purchasing an additional 10,990 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in NewJersey Resources during the third quarter worth approximately $1,136,000. Hsbc Holdings PLC raised its holdings in NewJersey Resources by 101.3% during the second quarter. Hsbc Holdings PLC now owns 212,305 shares of the utilities provider’s stock worth $9,464,000 after purchasing an additional 106,856 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of NewJersey Resources by 348.3% during the 2nd quarter. Squarepoint Ops LLC now owns 123,816 shares of the utilities provider’s stock worth $5,549,000 after buying an additional 96,195 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NJR shares. Raymond James Financial reaffirmed an “outperform” rating on shares of NewJersey Resources in a research report on Tuesday, February 3rd. Williams Trading set a $55.00 price target on shares of NewJersey Resources in a research report on Tuesday, February 3rd. Weiss Ratings raised NewJersey Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. New Street Research set a $54.00 target price on NewJersey Resources in a research report on Wednesday, December 17th. Finally, Mizuho raised NewJersey Resources from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $51.00 to $54.00 in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NewJersey Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

Insider Buying and Selling

In other NewJersey Resources news, COO Patrick J. Migliaccio sold 4,017 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $46.46, for a total transaction of $186,629.82. Following the completion of the transaction, the chief operating officer owned 38,065 shares in the company, valued at approximately $1,768,499.90. This represents a 9.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

NewJersey Resources Price Performance

Shares of NJR opened at $53.22 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.58 and a current ratio of 0.83. NewJersey Resources Corporation has a fifty-two week low of $43.46 and a fifty-two week high of $54.70. The firm has a 50-day simple moving average of $48.80 and a 200-day simple moving average of $47.34. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 16.48 and a beta of 0.60.

NewJersey Resources (NYSE:NJR) last posted its quarterly earnings data on Monday, February 2nd. The utilities provider reported $1.17 EPS for the quarter, beating the consensus estimate of $0.95 by $0.22. NewJersey Resources had a return on equity of 13.06% and a net margin of 15.18%.The firm had revenue of $604.85 million during the quarter, compared to the consensus estimate of $546.90 million. During the same period in the prior year, the business earned $1.29 EPS. The firm’s revenue was up 23.8% compared to the same quarter last year. NewJersey Resources has set its FY 2026 guidance at 3.280-3.43 EPS. On average, equities research analysts anticipate that NewJersey Resources Corporation will post 3.15 earnings per share for the current year.

NewJersey Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, March 11th. NewJersey Resources’s payout ratio is currently 58.82%.

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.