NewJersey Resources (NYSE:NJR) Releases FY 2026 Earnings Guidance

NewJersey Resources (NYSE:NJR) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided EPS guidance of 3.480-3.630 for the period, compared to the consensus EPS estimate of 3.370. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. 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. Wall Street Zen raised NewJersey Resources from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Williams Trading set a $55.00 price target on NewJersey Resources in a research note on Tuesday, February 3rd. Finally, Mizuho upped their price objective on NewJersey Resources from $54.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $54.50.

NewJersey Resources Price Performance

Shares of NYSE NJR traded down $0.50 during midday trading on Wednesday, hitting $55.49. The company had a trading volume of 37,676 shares, compared to its average volume of 545,733. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 16.45 and a beta of 0.51. NewJersey Resources has a twelve month low of $43.46 and a twelve month high of $57.85. The business has a 50-day simple moving average of $55.07 and a two-hundred day simple moving average of $50.21. 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 earnings results on Monday, May 4th. The utilities provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.31. NewJersey Resources had a net margin of 15.67% and a return on equity of 14.90%. The company had revenue of $939.40 million during the quarter, compared to analysts’ expectations of $849.95 million. During the same period last year, the company posted $1.78 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. Equities research analysts anticipate that NewJersey Resources will post 3.39 earnings per share for the current year.

NewJersey Resources Dividend Announcement

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

Insider Buying and Selling at NewJersey Resources

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

Hedge Funds Weigh In On NewJersey Resources

Several hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE lifted its holdings in shares of NewJersey Resources by 7.9% in the third quarter. US Bancorp DE now owns 3,127 shares of the utilities provider’s stock valued at $151,000 after purchasing an additional 228 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of NewJersey Resources by 2.3% during the 3rd quarter. NewEdge Advisors LLC now owns 13,009 shares of the utilities provider’s stock worth $626,000 after purchasing an additional 298 shares in the last quarter. Parallel Advisors LLC raised its position in shares of NewJersey Resources by 56.9% during the 3rd quarter. Parallel Advisors LLC now owns 1,001 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 363 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in NewJersey Resources by 118.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 933 shares of the utilities provider’s stock valued at $43,000 after buying an additional 505 shares in the last quarter. Finally, Hilltop Holdings Inc. lifted its stake in NewJersey Resources by 8.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 7,044 shares of the utilities provider’s stock valued at $339,000 after buying an additional 570 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

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.