denkapparat Operations GmbH Grows Position in NewJersey Resources Corporation $NJR

denkapparat Operations GmbH increased its holdings in shares of NewJersey Resources Corporation (NYSE:NJR) by 227.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,024 shares of the utilities provider’s stock after purchasing an additional 11,822 shares during the quarter. denkapparat Operations GmbH’s holdings in NewJersey Resources were worth $954,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in shares of NewJersey Resources by 29.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 46,535 shares of the utilities provider’s stock valued at $2,146,000 after acquiring an additional 10,666 shares during the last quarter. World Investment Advisors acquired a new position in shares of NewJersey Resources in the 4th quarter worth approximately $1,924,000. Norges Bank acquired a new position in shares of NewJersey Resources in the 4th quarter worth approximately $60,075,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of NewJersey Resources by 112.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 66,487 shares of the utilities provider’s stock worth $3,651,000 after purchasing an additional 35,128 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of NewJersey Resources by 613.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 179,425 shares of the utilities provider’s stock worth $9,854,000 after purchasing an additional 154,288 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

NewJersey Resources Trading Up 0.0%

Shares of NJR stock opened at $53.65 on Friday. NewJersey Resources Corporation has a fifty-two week low of $43.46 and a fifty-two week high of $60.86. The company has a 50 day moving average price of $56.54 and a 200 day moving average price of $55.73. The stock has a market capitalization of $5.44 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 2.99 and a beta of 0.50. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.45 and a current ratio of 0.66.

NewJersey Resources (NYSE:NJR) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. The company had revenue of $349.18 million during the quarter, compared to analysts’ expectations of $342.13 million. NewJersey Resources had a net margin of 16.42% and a return on equity of 14.46%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.15) EPS. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. Equities research analysts predict that NewJersey Resources Corporation will post 3.59 EPS for the current fiscal year.

Insider Activity at NewJersey Resources

In other news, COO Patrick Migliaccio sold 3,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $55.63, for a total transaction of $166,890.00. Following the completion of the transaction, the chief operating officer directly owned 32,202 shares of the company’s stock, valued at approximately $1,791,397.26. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

NJR has been the topic of a number of research analyst reports. Weiss Ratings lowered NewJersey Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Argus set a $63.00 price target on NewJersey Resources in a research report on Wednesday, May 20th. Finally, Wells Fargo & Company cut NewJersey Resources from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $63.00 to $61.00 in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, NewJersey Resources has a consensus rating of “Buy” and an average price target of $57.83.

NewJersey Resources Company 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.