NewJersey Resources (NYSE:NJR) Issues Quarterly Earnings Results

NewJersey Resources (NYSE:NJR) issued its quarterly earnings data on Monday. The utilities provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.31, FiscalAI reports. The company had revenue of $939.40 million for the quarter, compared to analyst estimates of $849.95 million. NewJersey Resources had a return on equity of 13.06% and a net margin of 15.18%. NewJersey Resources updated its FY 2026 guidance to 3.480-3.630 EPS.

NewJersey Resources Stock Performance

Shares of NYSE NJR traded up $0.13 during midday trading on Monday, reaching $56.13. 574,490 shares of the company were exchanged, compared to its average volume of 547,129. 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 has a 1 year low of $43.46 and a 1 year high of $57.70. The stock has a fifty day simple moving average of $55.01 and a 200 day simple moving average of $50.14. The stock has a market cap of $5.66 billion, a P/E ratio of 17.38 and a beta of 0.51.

NewJersey Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.4%. NewJersey Resources’s dividend payout ratio (DPR) is currently 58.82%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wall Street Zen raised NewJersey Resources from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Williams Trading set a $55.00 target price on shares of NewJersey Resources in a research report on Tuesday, February 3rd. Argus upgraded shares of NewJersey Resources to a “strong-buy” rating in a research report on Thursday, January 22nd. 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. Finally, Mizuho raised their target price on shares of NewJersey Resources from $54.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $54.50.

Insider Transactions at NewJersey Resources

In related news, SVP Richard Reich sold 5,449 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $52.99, for a total transaction of $288,742.51. Following the transaction, the senior vice president owned 26,975 shares of the company’s stock, valued at $1,429,405.25. This trade represents a 16.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Roberto Bel sold 6,105 shares of NewJersey Resources stock in a transaction on Monday, March 16th. The shares were sold at an average price of $55.10, for a total transaction of $336,385.50. Following the completion of the transaction, the chief financial officer owned 19,780 shares in the company, valued at approximately $1,089,878. This trade represents a 23.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On NewJersey Resources

A number of institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in NewJersey Resources by 6.6% in the 4th quarter. Invesco Ltd. now owns 519,941 shares of the utilities provider’s stock valued at $23,980,000 after purchasing an additional 32,116 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in NewJersey Resources by 18.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,483 shares of the utilities provider’s stock valued at $576,000 after purchasing an additional 1,921 shares in the last quarter. XTX Topco Ltd boosted its holdings in NewJersey Resources by 18.1% in the 4th quarter. XTX Topco Ltd now owns 6,501 shares of the utilities provider’s stock valued at $300,000 after purchasing an additional 998 shares in the last quarter. Wellington Management Group LLP boosted its holdings in NewJersey Resources by 1.1% in the 4th quarter. Wellington Management Group LLP now owns 300,471 shares of the utilities provider’s stock valued at $13,858,000 after purchasing an additional 3,322 shares in the last quarter. Finally, Susquehanna Portfolio Strategies LLC purchased a new stake in NewJersey Resources in the 4th quarter valued at approximately $1,941,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

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.