NewJersey Resources Corporation $NJR Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC grew its position in shares of NewJersey Resources Corporation (NYSE:NJR) by 14.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 200,427 shares of the utilities provider’s stock after buying an additional 26,020 shares during the quarter. Aptus Capital Advisors LLC owned 0.20% of NewJersey Resources worth $9,651,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. grew its stake in shares of NewJersey Resources by 60.1% during the 3rd quarter. Bessemer Group Inc. now owns 613 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 230 shares during the period. Tradewinds Capital Management LLC acquired a new position in NewJersey Resources during the third quarter worth about $30,000. EverSource Wealth Advisors LLC lifted 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 valued at $54,000 after acquiring an additional 868 shares during the period. Daiwa Securities Group Inc. purchased a new stake in shares of NewJersey Resources during the 2nd quarter worth approximately $54,000. Finally, UMB Bank n.a. boosted its stake in shares of NewJersey Resources by 19.7% during the 3rd quarter. UMB Bank n.a. now owns 1,680 shares of the utilities provider’s stock worth $81,000 after acquiring an additional 277 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insiders Place Their Bets

In other news, COO Patrick J. Migliaccio sold 4,017 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was 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 directly owned 38,065 shares in the company, valued at $1,768,499.90. This trade represents a 9.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

NewJersey Resources Stock Up 0.0%

Shares of NewJersey Resources stock opened at $54.49 on Friday. The company has a fifty day moving average price of $50.34 and a 200 day moving average price of $47.84. The company has a current ratio of 0.83, a quick ratio of 0.58 and a debt-to-equity ratio of 1.32. NewJersey Resources Corporation has a twelve month low of $43.46 and a twelve month high of $55.49. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 16.87 and a beta of 0.57.

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

NewJersey Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a $0.475 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $1.90 annualized dividend and a dividend yield of 3.5%. NewJersey Resources’s dividend payout ratio is 58.82%.

Analyst Ratings Changes

NJR has been the topic of a number of research analyst reports. Wall Street Zen upgraded NewJersey Resources from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Raymond James Financial reiterated an “outperform” rating on shares of NewJersey Resources in a research report on Tuesday, February 3rd. Argus raised shares of NewJersey Resources to a “strong-buy” rating in a research note on Thursday, January 22nd. Mizuho upgraded shares of NewJersey Resources from a “neutral” rating to an “outperform” rating and raised their target price for the company from $51.00 to $54.00 in a report on Wednesday, December 17th. Finally, Weiss Ratings upgraded shares of NewJersey Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

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.