Police & Firemen s Retirement System of New Jersey Has $1.03 Million Stock Position in NewJersey Resources Corporation $NJR

Police & Firemen s Retirement System of New Jersey increased its position in shares of NewJersey Resources Corporation (NYSE:NJR) by 8.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 23,037 shares of the utilities provider’s stock after buying an additional 1,828 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in NewJersey Resources were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NJR. Cullen Frost Bankers Inc. boosted its holdings in NewJersey Resources by 153.0% during the second quarter. Cullen Frost Bankers Inc. now owns 754 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 456 shares during the period. Brooklyn Investment Group boosted its stake in NewJersey Resources by 1,715.4% during the 1st quarter. Brooklyn Investment Group now owns 1,416 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 1,338 shares during the period. IFP Advisors Inc grew its holdings in NewJersey Resources by 23.1% in the 2nd quarter. IFP Advisors Inc now owns 1,504 shares of the utilities provider’s stock valued at $67,000 after buying an additional 282 shares during the last quarter. Palouse Capital Management Inc. bought a new position in NewJersey Resources in the 2nd quarter worth approximately $95,000. Finally, AlphaQuest LLC increased its position in NewJersey Resources by 112.1% in the 2nd quarter. AlphaQuest LLC now owns 2,229 shares of the utilities provider’s stock worth $100,000 after buying an additional 1,178 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NJR shares. Weiss Ratings reissued a “hold (c)” rating on shares of NewJersey Resources in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of NewJersey Resources from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Raymond James Financial restated an “outperform” rating and set a $53.00 price objective on shares of NewJersey Resources in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $51.86.

NewJersey Resources Stock Up 1.8%

Shares of NJR stock opened at $48.90 on Friday. NewJersey Resources Corporation has a one year low of $43.46 and a one year high of $51.94. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.76 and a quick ratio of 0.48. The stock has a fifty day moving average price of $46.32 and a 200 day moving average price of $46.18. The stock has a market cap of $4.91 billion, a P/E ratio of 11.96 and a beta of 0.67.

NewJersey Resources (NYSE:NJR) last announced its quarterly earnings data on Wednesday, November 19th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $336.08 million during the quarter, compared to analysts’ expectations of $307.30 million. NewJersey Resources had a net margin of 19.64% and a return on equity of 17.08%. The business’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. NewJersey Resources has set its FY 2026 guidance at 3.030-3.180 EPS. Analysts predict that NewJersey Resources Corporation will post 3.15 earnings per share for the current year.

NewJersey Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, December 12th. This represents a $1.90 dividend on an annualized basis and a yield of 3.9%. NewJersey Resources’s dividend payout ratio (DPR) is currently 46.45%.

NewJersey Resources Company Profile

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets.