NewJersey Resources Corporation (NYSE:NJR – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $53.00.
A number of equities analysts recently commented on NJR shares. Mizuho upgraded shares of NewJersey Resources from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $51.00 to $54.00 in a research report on Wednesday, December 17th. New Street Research set a $54.00 price objective on NewJersey Resources in a research note on Wednesday, December 17th. Williams Trading set a $55.00 price objective on NewJersey Resources in a report on Tuesday, February 3rd. Wall Street Zen upgraded NewJersey Resources from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Weiss Ratings upgraded NewJersey Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th.
Read Our Latest Stock Report on NJR
NewJersey Resources Price Performance
NewJersey Resources (NYSE:NJR – Get Free Report) last announced its quarterly earnings data on Monday, February 2nd. The utilities provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.22. The company had revenue of $604.85 million for the quarter, compared to analysts’ expectations of $546.90 million. NewJersey Resources had a return on equity of 13.06% and a net margin of 15.18%.NewJersey Resources’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period last year, the firm posted $1.29 EPS. NewJersey Resources has set its FY 2026 guidance at 3.280-3.43 EPS. Equities analysts predict that NewJersey Resources will post 3.15 earnings per share for the current fiscal year.
NewJersey Resources Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, March 11th. NewJersey Resources’s payout ratio is presently 58.82%.
Insiders Place Their Bets
In other NewJersey Resources news, COO Patrick J. Migliaccio sold 4,017 shares of the 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 sale, the chief operating officer owned 38,065 shares of the company’s stock, valued at $1,768,499.90. This represents a 9.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC bought a new stake in shares of NewJersey Resources during the 3rd quarter valued at about $28,000. Bessemer Group Inc. lifted its holdings in NewJersey Resources by 60.1% in the third quarter. Bessemer Group Inc. now owns 613 shares of the utilities provider’s stock worth $29,000 after buying an additional 230 shares during the period. Tradewinds Capital Management LLC purchased a new stake in NewJersey Resources in the third quarter worth about $30,000. Torren Management LLC bought a new stake in NewJersey Resources during the 4th quarter valued at approximately $35,000. Finally, Cullen Frost Bankers Inc. grew its holdings 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 acquiring an additional 456 shares during the period. 70.98% of the stock is currently owned by institutional investors.
NewJersey Resources Company Profile
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.
See Also
- Five stocks we like better than NewJersey Resources
- The gold chart Wall Street is terrified of…
- Buy this Gold Stock Before May 2026
- What a Former CIA Agent Knows About the Coming Collapse
- This $15 Stock Could Go Down as the #1 Stock of 2026
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
Receive News & Ratings for NewJersey Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewJersey Resources and related companies with MarketBeat.com's FREE daily email newsletter.
