NewJersey Resources Corporation $NJR Shares Bought by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC lifted its stake in shares of NewJersey Resources Corporation (NYSE:NJR) by 2,700.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,081 shares of the utilities provider’s stock after buying an additional 9,721 shares during the quarter. Ameritas Advisory Services LLC’s holdings in NewJersey Resources were worth $485,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of NewJersey Resources by 0.7% in the second quarter. Geode Capital Management LLC now owns 2,545,394 shares of the utilities provider’s stock worth $114,097,000 after buying an additional 16,954 shares during the last quarter. Norges Bank acquired a new stake in NewJersey Resources in the second quarter worth $52,671,000. ProShare Advisors LLC lifted its position in NewJersey Resources by 10.3% in the 3rd quarter. ProShare Advisors LLC now owns 916,606 shares of the utilities provider’s stock valued at $44,135,000 after purchasing an additional 85,297 shares during the last quarter. Energy Income Partners LLC boosted its stake in NewJersey Resources by 145.7% during the 2nd quarter. Energy Income Partners LLC now owns 798,661 shares of the utilities provider’s stock valued at $35,796,000 after purchasing an additional 473,664 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in NewJersey Resources by 77.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 730,300 shares of the utilities provider’s stock worth $32,732,000 after purchasing an additional 317,932 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

NewJersey Resources Stock Up 0.9%

NYSE:NJR opened at $54.21 on Monday. The business’s fifty day moving average price is $47.99 and its 200 day moving average price is $47.10. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 16.78 and a beta of 0.60. 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 1-year low of $43.46 and a 1-year high of $54.28.

NewJersey Resources (NYSE:NJR) last released its earnings results on Monday, February 2nd. The utilities provider reported $1.17 earnings per share 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 company had revenue of $604.85 million for the quarter, compared to analysts’ expectations of $546.90 million. During the same quarter in the previous year, the business posted $1.29 EPS. The business’s revenue for the quarter was up 23.8% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.280-3.43 EPS. On average, sell-side analysts forecast that NewJersey Resources Corporation 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 given a dividend of $0.475 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $1.90 dividend on an annualized basis and a yield of 3.5%. NewJersey Resources’s dividend payout ratio (DPR) is 58.82%.

Insider Buying and Selling

In other NewJersey Resources news, COO Patrick J. Migliaccio sold 4,017 shares of NewJersey Resources stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $46.46, for a total transaction of $186,629.82. Following the sale, the chief operating officer directly owned 38,065 shares of the company’s stock, valued at approximately $1,768,499.90. The trade was a 9.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NJR shares. Williams Trading set a $55.00 price target on NewJersey Resources in a research note on Tuesday, February 3rd. Mizuho upgraded shares of NewJersey Resources from a “neutral” rating to an “outperform” rating and increased their target price for the company from $51.00 to $54.00 in a research report on Wednesday, December 17th. Raymond James Financial restated an “outperform” rating on shares of NewJersey Resources in a research report on Tuesday, February 3rd. Argus upgraded NewJersey Resources to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Wall Street Zen raised NewJersey Resources from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

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.