Mason Street Advisors LLC bought a new stake in shares of New Jersey Resources Corp. (NYSE:NJR) during the second quarter, Holdings Channel reports. The firm bought 39,243 shares of the company’s stock, valued at approximately $1,513,000.

Other large investors have also made changes to their positions in the company. Robecosam AG raised its position in shares of New Jersey Resources Corp. by 37.7% in the first quarter. Robecosam AG now owns 208,000 shares of the company’s stock valued at $7,561,000 after buying an additional 57,000 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of New Jersey Resources Corp. by 937.1% in the second quarter. BNP Paribas Arbitrage SA now owns 44,718 shares of the company’s stock valued at $1,724,000 after buying an additional 40,406 shares during the last quarter. BlackRock Inc. raised its position in shares of New Jersey Resources Corp. by 87.2% in the first quarter. BlackRock Inc. now owns 175,070 shares of the company’s stock valued at $6,377,000 after buying an additional 81,557 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of New Jersey Resources Corp. by 7.0% in the second quarter. Mutual of America Capital Management LLC now owns 62,502 shares of the company’s stock valued at $2,409,000 after buying an additional 4,113 shares during the last quarter. Finally, State Street Corp raised its position in shares of New Jersey Resources Corp. by 190.0% in the first quarter. State Street Corp now owns 5,162,071 shares of the company’s stock valued at $188,055,000 after buying an additional 3,381,888 shares during the last quarter. Institutional investors own 60.30% of the company’s stock.

Shares of New Jersey Resources Corp. (NYSE:NJR) opened at 33.49 on Monday. The stock has a market capitalization of $2.89 billion, a P/E ratio of 26.10 and a beta of 0.56. The stock has a 50 day moving average price of $34.81 and a 200 day moving average price of $35.81. New Jersey Resources Corp. has a 52 week low of $27.38 and a 52 week high of $38.92.

New Jersey Resources Corp. (NYSE:NJR) last announced its earnings results on Tuesday, August 2nd. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $393.21 million for the quarter, compared to analysts’ expectations of $425.99 million. New Jersey Resources Corp. had a net margin of 5.88% and a return on equity of 11.43%. New Jersey Resources Corp.’s quarterly revenue was down 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. On average, equities research analysts expect that New Jersey Resources Corp. will post $1.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 23rd will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, September 21st. This represents a $0.96 annualized dividend and a dividend yield of 2.87%. New Jersey Resources Corp.’s dividend payout ratio (DPR) is 76.80%.

Several brokerages have issued reports on NJR. Wells Fargo & Co. began coverage on New Jersey Resources Corp. in a report on Wednesday, June 1st. They issued a “market perform” rating on the stock. Zacks Investment Research lowered New Jersey Resources Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 1st. Argus reiterated a “buy” rating and issued a $42.00 price target on shares of New Jersey Resources Corp. in a report on Monday, June 20th. Finally, TheStreet lowered New Jersey Resources Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 31st. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. New Jersey Resources Corp. currently has a consensus rating of “Hold” and an average target price of $38.13.

New Jersey Resources Corp. Company Profile

New Jersey Resources Corporation (NJR) is an energy services holding company that provides retail and wholesale energy services to customers primarily in the Gulf Coast, Mid-Continent, Appalachian, Northeastern, and Western market areas of the United States, as well as Canada. The Company operates within four reportable business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream (formerly Energy Holdings).

5 Day Chart for NYSE:NJR

Want to see what other hedge funds are holding NJR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Jersey Resources Corp. (NYSE:NJR).

Receive News & Ratings for New Jersey Resources Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Jersey Resources Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.