NewJersey Resources (NYSE:NJR) Issues FY 2025 Earnings Guidance

NewJersey Resources (NYSE:NJR) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 3.150-3.300 for the period. The company issued revenue guidance of -.

NewJersey Resources Stock Performance

NYSE:NJR opened at $45.27 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.93 and a debt-to-equity ratio of 1.20. The stock has a market cap of $4.54 billion, a P/E ratio of 10.99 and a beta of 0.62. The firm’s fifty day simple moving average is $46.78 and its 200 day simple moving average is $47.17. NewJersey Resources has a twelve month low of $41.68 and a twelve month high of $51.95.

NewJersey Resources (NYSE:NJR) last released its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.65 by $0.11. The company had revenue of $913.03 million for the quarter, compared to analysts’ expectations of $732.00 million. NewJersey Resources had a return on equity of 16.95% and a net margin of 20.03%. NewJersey Resources’s revenue was up 38.8% compared to the same quarter last year. During the same period last year, the firm posted $1.41 earnings per share. As a group, research analysts predict that NewJersey Resources will post 3.15 EPS for the current year.

NewJersey Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.80 dividend on an annualized basis and a yield of 3.98%. NewJersey Resources’s payout ratio is presently 43.69%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NJR. Raymond James Financial assumed coverage on NewJersey Resources in a research report on Friday, June 13th. They set an “outperform” rating and a $49.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on NewJersey Resources from $56.00 to $51.00 and set an “overweight” rating for the company in a research report on Wednesday, May 28th. New Street Research set a $51.00 price objective on shares of NewJersey Resources in a research note on Tuesday, April 1st. Wall Street Zen raised shares of NewJersey Resources from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Finally, Jefferies Financial Group initiated coverage on shares of NewJersey Resources in a report on Tuesday, April 1st. They set a “hold” rating and a $51.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NewJersey Resources presently has an average rating of “Hold” and an average target price of $51.29.

Insiders Place Their Bets

In other news, CFO Roberto Bel sold 1,173 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $50.00, for a total transaction of $58,650.00. Following the completion of the transaction, the chief financial officer now directly owns 22,649 shares of the company’s stock, valued at $1,132,450. This trade represents a 4.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Patrick J. Migliaccio sold 1,500 shares of the company’s stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $44.22, for a total value of $66,330.00. Following the completion of the transaction, the chief operating officer now owns 35,690 shares of the company’s stock, valued at $1,578,211.80. The trade was a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Institutional Trading of NewJersey Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of NewJersey Resources in the 1st quarter valued at about $8,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of NewJersey Resources by 10.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 320,113 shares of the utilities provider’s stock valued at $15,705,000 after buying an additional 29,458 shares during the period. NewEdge Advisors LLC raised its holdings in shares of NewJersey Resources by 65.7% in the 1st quarter. NewEdge Advisors LLC now owns 22,214 shares of the utilities provider’s stock worth $1,090,000 after purchasing an additional 8,808 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of NewJersey Resources by 6.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,363 shares of the utilities provider’s stock worth $2,912,000 after acquiring an additional 3,422 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

About NewJersey Resources

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.