Capstone Investment Advisors LLC Buys Shares of 15,195 NewJersey Resources Corporation $NJR

Capstone Investment Advisors LLC bought a new position in shares of NewJersey Resources Corporation (NYSE:NJR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,195 shares of the utilities provider’s stock, valued at approximately $852,000.

A number of other institutional investors have also made changes to their positions in NJR. PNC Financial Services Group Inc. lifted its stake in shares of NewJersey Resources by 29.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 46,535 shares of the utilities provider’s stock valued at $2,146,000 after purchasing an additional 10,666 shares during the period. World Investment Advisors purchased a new stake in NewJersey Resources in the fourth quarter worth $1,924,000. Norges Bank bought a new position in NewJersey Resources in the fourth quarter worth $60,075,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in NewJersey Resources by 112.0% in the first 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 in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in NewJersey Resources by 613.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 179,425 shares of the utilities provider’s stock valued at $9,854,000 after buying an additional 154,288 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NewJersey Resources news, COO Patrick J. Migliaccio sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $55.63, for a total transaction of $166,890.00. Following the completion of the sale, the chief operating officer directly owned 32,202 shares in the company, valued at approximately $1,791,397.26. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

NewJersey Resources Stock Down 0.5%

Shares of NYSE:NJR opened at $53.49 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.45 and a debt-to-equity ratio of 1.21. The stock has a fifty day simple moving average of $56.73 and a two-hundred day simple moving average of $55.69. NewJersey Resources Corporation has a 12-month low of $43.46 and a 12-month high of $60.86. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 14.78 and a beta of 0.50.

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

Analyst Upgrades and Downgrades

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

NewJersey Resources 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.