NewJersey Resources (NYSE:NJR) Releases Earnings Results, Beats Estimates By $0.31 EPS

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

NewJersey Resources Stock Performance

Shares of NJR stock traded up $0.13 during trading on Monday, reaching $56.13. 574,490 shares of the company’s stock traded hands, compared to its average volume of 547,129. The company has a market capitalization of $5.66 billion, a P/E ratio of 17.38 and a beta of 0.51. The company has a current ratio of 0.83, a quick ratio of 0.58 and a debt-to-equity ratio of 1.32. The firm’s 50-day moving average is $55.01 and its 200 day moving average is $50.14. NewJersey Resources has a 1 year low of $43.46 and a 1 year high of $57.70.

NewJersey Resources Dividend Announcement

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

Insider Buying and Selling

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

Institutional Trading of NewJersey Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of NJR. Millennium Management LLC increased its holdings in NewJersey Resources by 895.7% during the 3rd quarter. Millennium Management LLC now owns 677,352 shares of the utilities provider’s stock worth $32,614,000 after acquiring an additional 609,323 shares during the period. Dimensional Fund Advisors LP increased its holdings in NewJersey Resources by 10.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,934,165 shares of the utilities provider’s stock worth $181,446,000 after acquiring an additional 367,844 shares during the period. Qube Research & Technologies Ltd increased its holdings in NewJersey Resources by 77.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 730,300 shares of the utilities provider’s stock worth $32,732,000 after acquiring an additional 317,932 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in NewJersey Resources during the 3rd quarter worth approximately $13,351,000. Finally, AQR Capital Management LLC increased its holdings in NewJersey Resources by 43.5% during the 4th quarter. AQR Capital Management LLC now owns 787,628 shares of the utilities provider’s stock worth $36,325,000 after acquiring an additional 238,889 shares during the period. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

NJR has been the subject of a number of research reports. Raymond James Financial reissued an “outperform” rating 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 note on Thursday, January 22nd. Mizuho upped their price target on shares of NewJersey Resources from $54.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Williams Trading set a $55.00 price target on shares of NewJersey Resources in a research note on Tuesday, February 3rd. Finally, Wall Street Zen upgraded shares of NewJersey Resources from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $54.50.

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.