NewJersey Resources (NYSE:NJR) Issues FY 2026 Earnings Guidance

NewJersey Resources (NYSE:NJR) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided EPS guidance of 3.520-3.620 for the period, compared to the consensus estimate of 3.500. The company issued revenue guidance of -.

NewJersey Resources Stock Performance

Shares of NewJersey Resources stock traded up $0.26 during trading on Monday, hitting $58.15. 746,144 shares of the stock were exchanged, compared to its average volume of 594,891. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 17.26 and a beta of 0.50. The company has a fifty day moving average price of $56.80 and a 200-day moving average price of $54.91. NewJersey Resources has a 1-year low of $43.46 and a 1-year high of $60.86. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 1.24.

NewJersey Resources (NYSE:NJR) last issued its earnings results on Monday, August 3rd. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. NewJersey Resources had a net margin of 15.67% and a return on equity of 14.58%. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. As a group, equities analysts predict that NewJersey Resources will post 3.58 EPS for the current fiscal year.

Analyst Ratings Changes

NJR has been the subject of several research analyst reports. Weiss Ratings upgraded NewJersey Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 27th. Wells Fargo & Company initiated coverage on shares of NewJersey Resources in a report on Tuesday, May 12th. They issued an “overweight” rating and a $63.00 price objective on the stock. Mizuho increased their price objective on shares of NewJersey Resources from $54.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Finally, Argus set a $63.00 target price on shares of NewJersey Resources in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $58.17.

Insiders Place Their Bets

In other news, insider Christopher T. D’antuono sold 1,150 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $57.34, for a total transaction of $65,941.00. Following the transaction, the insider directly owned 2,985 shares of the company’s stock, valued at approximately $171,159.90. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jane M. Kenny sold 8,000 shares of NewJersey Resources stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $56.10, for a total transaction of $448,800.00. Following the completion of the sale, the director owned 21,998 shares of the company’s stock, valued at approximately $1,234,087.80. The trade was a 26.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,150 shares of company stock worth $682,261 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of NewJersey Resources

Several large investors have recently modified their holdings of NJR. Dimensional Fund Advisors LP increased its position in shares of NewJersey Resources by 10.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,934,165 shares of the utilities provider’s stock worth $181,446,000 after purchasing an additional 367,844 shares during the period. Northern Trust Corp lifted its position in NewJersey Resources by 1.1% during the third quarter. Northern Trust Corp now owns 1,335,344 shares of the utilities provider’s stock worth $64,297,000 after purchasing an additional 14,512 shares during the period. Morgan Stanley grew its stake in NewJersey Resources by 19.4% during the fourth quarter. Morgan Stanley now owns 1,283,533 shares of the utilities provider’s stock worth $59,197,000 after buying an additional 208,388 shares in the last quarter. Energy Income Partners LLC grew its stake in NewJersey Resources by 19.1% during the third quarter. Energy Income Partners LLC now owns 951,527 shares of the utilities provider’s stock worth $45,816,000 after buying an additional 152,866 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in NewJersey Resources by 3.2% in the 4th quarter. Royal London Asset Management Ltd. now owns 813,871 shares of the utilities provider’s stock valued at $37,536,000 after buying an additional 25,001 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

About NewJersey Resources

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.