Intech Investment Management LLC Raises Holdings in NewJersey Resources Corporation $NJR

Intech Investment Management LLC raised its position in shares of NewJersey Resources Corporation (NYSE:NJR) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,825 shares of the utilities provider’s stock after acquiring an additional 1,717 shares during the period. Intech Investment Management LLC owned approximately 0.06% of NewJersey Resources worth $2,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning lifted its stake in shares of NewJersey Resources by 8.5% in the 2nd quarter. Creative Planning now owns 25,583 shares of the utilities provider’s stock valued at $1,147,000 after purchasing an additional 2,009 shares in the last quarter. SG Americas Securities LLC increased its position in NewJersey Resources by 127.1% during the 2nd quarter. SG Americas Securities LLC now owns 19,637 shares of the utilities provider’s stock worth $880,000 after purchasing an additional 10,990 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in NewJersey Resources by 7.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,789 shares of the utilities provider’s stock valued at $1,156,000 after buying an additional 1,816 shares during the period. Good Life Advisors LLC lifted its position in NewJersey Resources by 0.9% during the second quarter. Good Life Advisors LLC now owns 35,297 shares of the utilities provider’s stock valued at $1,582,000 after buying an additional 321 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its stake in NewJersey Resources by 8.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 23,037 shares of the utilities provider’s stock worth $1,033,000 after buying an additional 1,828 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

NewJersey Resources Stock Down 0.7%

NJR stock opened at $46.08 on Thursday. The company has a market capitalization of $4.63 billion, a P/E ratio of 11.27 and a beta of 0.67. The company has a current ratio of 0.76, a quick ratio of 0.48 and a debt-to-equity ratio of 1.25. NewJersey Resources Corporation has a twelve month low of $43.46 and a twelve month high of $51.94. The firm has a 50 day simple moving average of $46.28 and a 200-day simple moving average of $46.16.

NewJersey Resources (NYSE:NJR) last issued its earnings results on Wednesday, November 19th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $336.08 million for the quarter, compared to analyst estimates of $307.30 million. NewJersey Resources had a net margin of 19.64% and a return on equity of 17.08%. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 EPS. NewJersey Resources has set its FY 2026 guidance at 3.030-3.180 EPS. On average, equities research analysts predict that NewJersey Resources Corporation will post 3.15 earnings per share for the current fiscal year.

NewJersey Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, December 12th. This represents a $1.90 annualized dividend and a yield of 4.1%. NewJersey Resources’s payout ratio is presently 46.45%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of NewJersey Resources in a research report on Wednesday, October 8th. Raymond James Financial reiterated an “outperform” rating and issued a $50.00 price target (up from $49.00) on shares of NewJersey Resources in a report on Friday, August 8th. Finally, Wall Street Zen raised NewJersey Resources from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, NewJersey Resources has a consensus rating of “Hold” and a consensus target price of $51.43.

NewJersey Resources Profile

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets.