New Jersey Resources Corp (NYSE:NJR) Director M William Howard, Jr. sold 1,000 shares of the company’s stock in a transaction on Friday, January 11th. The shares were sold at an average price of $44.63, for a total transaction of $44,630.00. Following the completion of the transaction, the director now owns 18,713 shares of the company’s stock, valued at approximately $835,161.19. The sale was disclosed in a filing with the SEC, which is available at this link.

M William Howard, Jr. also recently made the following trade(s):

  • On Tuesday, November 27th, M William Howard, Jr. sold 1,000 shares of New Jersey Resources stock. The shares were sold at an average price of $47.91, for a total transaction of $47,910.00.

NYSE:NJR traded down $0.32 during trading hours on Friday, reaching $44.86. 379,325 shares of the company’s stock were exchanged, compared to its average volume of 540,188. The stock has a market cap of $3.93 billion, a P/E ratio of 16.37, a P/E/G ratio of 3.13 and a beta of 0.31. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.03 and a quick ratio of 0.76. New Jersey Resources Corp has a 1-year low of $35.55 and a 1-year high of $51.83.

New Jersey Resources (NYSE:NJR) last issued its quarterly earnings results on Tuesday, November 20th. The utilities provider reported ($0.33) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.11. The firm had revenue of $647.30 million during the quarter, compared to analysts’ expectations of $549.59 million. New Jersey Resources had a net margin of 8.01% and a return on equity of 16.92%. New Jersey Resources’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) EPS. Sell-side analysts expect that New Jersey Resources Corp will post 2.03 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Friday, December 14th were paid a dividend of $0.2925 per share. The ex-dividend date was Thursday, December 13th. This represents a $1.17 dividend on an annualized basis and a yield of 2.61%. This is a boost from New Jersey Resources’s previous quarterly dividend of $0.27. New Jersey Resources’s dividend payout ratio is currently 42.70%.

Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of New Jersey Resources from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. Wells Fargo & Co upped their target price on shares of New Jersey Resources from $45.00 to $47.00 and gave the company a “market perform” rating in a report on Monday, September 17th. Guggenheim cut shares of New Jersey Resources from a “neutral” rating to a “sell” rating in a report on Monday, January 7th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of New Jersey Resources from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $48.25.

Large investors have recently modified their holdings of the stock. NEXT Financial Group Inc purchased a new position in New Jersey Resources during the 3rd quarter worth $115,000. Tower Research Capital LLC TRC raised its position in New Jersey Resources by 286.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,780 shares of the utilities provider’s stock worth $174,000 after buying an additional 2,801 shares during the last quarter. Jefferies Group LLC purchased a new position in New Jersey Resources during the 3rd quarter worth $225,000. GSA Capital Partners LLP purchased a new position in New Jersey Resources during the 3rd quarter worth $237,000. Finally, Private Advisor Group LLC purchased a new position in New Jersey Resources during the 2nd quarter worth $245,000. Hedge funds and other institutional investors own 66.05% of the company’s stock.

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About New Jersey Resources

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Midstream segments. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 538,700 residential and commercial customers in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets.

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