Dimensional Fund Advisors LP Increases Position in NewJersey Resources Corporation $NJR

Dimensional Fund Advisors LP grew its position in NewJersey Resources Corporation (NYSE:NJR) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,566,321 shares of the utilities provider’s stock after purchasing an additional 130,831 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.55% of NewJersey Resources worth $171,717,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Bessemer Group Inc. increased 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 valued at $29,000 after buying an additional 230 shares during the last quarter. Tradewinds Capital Management LLC acquired a new position in shares of NewJersey Resources during the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC boosted 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 acquiring an additional 868 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of NewJersey Resources in the 2nd quarter valued at about $54,000. Finally, UMB Bank n.a. increased its holdings in shares of NewJersey Resources by 19.7% in the 3rd quarter. UMB Bank n.a. now owns 1,680 shares of the utilities provider’s stock valued at $81,000 after acquiring an additional 277 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

NewJersey Resources Trading Up 0.5%

NYSE:NJR opened at $54.79 on Tuesday. The company has a market capitalization of $5.53 billion, a PE ratio of 16.96 and a beta of 0.57. NewJersey Resources Corporation has a 52-week low of $43.46 and a 52-week high of $55.49. The stock’s 50 day moving average price is $50.51 and its 200 day moving average price is $47.91. The company has a quick ratio of 0.58, a current ratio of 0.83 and a debt-to-equity ratio of 1.32.

NewJersey Resources (NYSE:NJR) last issued 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 during 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%.The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 earnings per share. NewJersey Resources has set its FY 2026 guidance at 3.280-3.43 EPS. On average, research analysts anticipate that NewJersey Resources Corporation will post 3.15 EPS for the current year.

NewJersey Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued 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 dividend yield of 3.5%. NewJersey Resources’s dividend payout ratio (DPR) is currently 58.82%.

Insider Transactions at NewJersey Resources

In other NewJersey Resources news, COO Patrick J. Migliaccio sold 4,017 shares of the company’s 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 completion of the sale, the chief operating officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

NJR has been the subject of several recent analyst reports. Wall Street Zen upgraded NewJersey Resources from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Mizuho upgraded shares of NewJersey Resources from a “neutral” rating to an “outperform” rating and increased their price target for the company from $51.00 to $54.00 in a research note on Wednesday, December 17th. New Street Research set a $54.00 price objective on shares of NewJersey Resources in a research report on Wednesday, December 17th. Weiss Ratings upgraded shares of NewJersey Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Finally, Argus raised shares of NewJersey Resources to a “strong-buy” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

NewJersey Resources 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.