NewJersey Resources (NYSE:NJR) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded NewJersey Resources to “Hold” from “Sell,” while the broader analyst consensus remains “Buy” with a $61.50 price target.
• NJR reported quarterly EPS of $0.11, beating estimates by $0.05, while revenue rose 16.8% year over year to $349.18 million; management issued fiscal 2026 EPS guidance of $3.52–$3.62.
• The stock opened at $53.31, down 0.3%, and has a market capitalization of approximately $5.41 billion; institutional investors own nearly 71% of shares, while an executive recently sold 3,000 shares.

NewJersey Resources (NYSE:NJR - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Several other analysts also recently issued reports on NJR. JPMorgan Chase & Co. decreased their price objective on shares of NewJersey Resources from $64.00 to $63.00 and set an "overweight" rating for the company in a research note on Friday, September 11th. Wells Fargo & Company cut NewJersey Resources from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $63.00 to $61.00 in a research note on Wednesday, August 5th. Weiss Ratings downgraded NewJersey Resources from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. New Street Research set a $68.00 price target on NewJersey Resources in a research note on Monday, September 14th. Finally, Huntington assumed coverage on NewJersey Resources in a report on Monday, September 14th. They set an "outperform" rating and a $68.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $61.50.

NewJersey Resources Trading Down 0.3%

NJR stock opened at $53.31 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.66 and a debt-to-equity ratio of 1.21. NewJersey Resources has a twelve month low of $43.46 and a twelve month high of $60.86. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 2.96 and a beta of 0.50. The firm's fifty day simple moving average is $55.71 and its two-hundred day simple moving average is $55.70.

NewJersey Resources (NYSE:NJR - Get Free Report) last announced its 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. NewJersey Resources had a net margin of 16.42% and a return on equity of 14.46%. The business had revenue of $349.18 million for the quarter, compared to the consensus estimate of $342.13 million. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. The business's revenue for the quarter was up 16.8% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. As a group, analysts anticipate that NewJersey Resources will post 3.6 earnings per share for the current year.

Insider Transactions at NewJersey Resources

In other NewJersey Resources news, COO Patrick Migliaccio sold 3,000 shares of the company's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $55.63, for a total value of $166,890.00. Following the transaction, the chief operating officer directly owned 32,202 shares in the company, valued at $1,791,397.26. This represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by company insiders.

Institutional Trading of NewJersey Resources

Large investors have recently modified their holdings of the company. Root Financial Partners LLC increased its holdings in NewJersey Resources by 56.5% during the 1st quarter. Root Financial Partners LLC now owns 526 shares of the utilities provider's stock worth $29,000 after purchasing an additional 190 shares during the period. Essential Partners LLC lifted its holdings in shares of NewJersey Resources by 67.3% in the 2nd quarter. Essential Partners LLC now owns 686 shares of the utilities provider's stock worth $38,000 after buying an additional 276 shares during the period. CENTRAL TRUST Co lifted its holdings in shares of NewJersey Resources by 172.7% in the 1st quarter. CENTRAL TRUST Co now owns 818 shares of the utilities provider's stock worth $45,000 after buying an additional 518 shares during the period. Roxbury Financial LLC grew its position in shares of NewJersey Resources by 72.9% during the 2nd quarter. Roxbury Financial LLC now owns 885 shares of the utilities provider's stock worth $50,000 after buying an additional 373 shares in the last quarter. Finally, Fiduciary Financial Advisors bought a new position in shares of NewJersey Resources during the 2nd quarter worth $51,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

NewJersey Resources Company Profile

New Jersey Resources Corporation NYSE: NJR is an energy services holding company based in Wall, New Jersey. Through its subsidiaries, the company provides regulated natural gas distribution, energy management, wholesale energy services, renewable energy development, and natural gas storage and transportation solutions.

Its principal subsidiary, New Jersey Natural Gas, operates a regulated natural gas utility serving residential, commercial, and industrial customers in central and northern New Jersey.

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