Amundi Raises Position in NewJersey Resources Corporation $NJR

Key Points

• Amundi significantly increased its NewJersey Resources stake by 159.4% in the second quarter, bringing its holdings to 40,056 shares valued at approximately $2.25 million. Institutional investors collectively own 70.98% of NJR.
• NewJersey Resources exceeded quarterly earnings expectations, reporting $0.11 in EPS versus the $0.06 consensus estimate, while revenue rose 16.8% year over year to $349.18 million. The company issued fiscal 2026 EPS guidance of $3.52–$3.62.
• The company raised its quarterly dividend to $0.50 per share, equivalent to $2.00 annually and a 3.8% yield. Despite mixed analyst revisions, NJR retains a consensus “Buy” rating with an average price target of $58.57.

Amundi lifted its stake in NewJersey Resources Corporation (NYSE:NJR - Free Report) by 159.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,056 shares of the utilities provider's stock after purchasing an additional 24,617 shares during the period. Amundi's holdings in NewJersey Resources were worth $2,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NJR. Root Financial Partners LLC lifted its position in NewJersey Resources by 56.5% during the first quarter. Root Financial Partners LLC now owns 526 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 190 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in NewJersey Resources in the 3rd quarter worth approximately $28,000. Essential Partners LLC raised its position in shares of NewJersey Resources by 67.3% during the 2nd quarter. Essential Partners LLC now owns 686 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 276 shares during the period. CENTRAL TRUST Co raised its holdings in NewJersey Resources by 172.7% during the first quarter. CENTRAL TRUST Co now owns 818 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 518 shares during the period. Finally, Roxbury Financial LLC raised its stake in NewJersey Resources by 72.9% during the 2nd quarter. Roxbury Financial LLC now owns 885 shares of the utilities provider's stock valued at $50,000 after purchasing an additional 373 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

NewJersey Resources Stock Down 0.1%

Shares of NYSE:NJR opened at $53.12 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.45 and a debt-to-equity ratio of 1.21. NewJersey Resources Corporation has a 12 month low of $43.46 and a 12 month high of $60.86. The company has a 50-day moving average price of $56.12 and a 200 day moving average price of $55.73. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 2.96 and a beta of 0.50.

NewJersey Resources (NYSE:NJR - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. NewJersey Resources had a return on equity of 14.46% and a net margin of 16.42%.The company had revenue of $349.18 million for the quarter, compared to analysts' expectations of $342.13 million. During the same period in the previous year, the firm posted ($0.15) earnings per share. The firm'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, equities research analysts predict that NewJersey Resources Corporation will post 3.59 earnings per share for the current year.

NewJersey Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 24th will be issued a $0.50 dividend. This is a positive change from NewJersey Resources's previous quarterly dividend of $0.47. The ex-dividend date is Thursday, September 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. NewJersey Resources's dividend payout ratio (DPR) is presently 52.49%.

Wall Street Analysts Forecast Growth

NJR has been the subject of several research reports. Wall Street Zen downgraded shares of NewJersey Resources from a "hold" rating to a "sell" rating in a report on Saturday. JPMorgan Chase & Co. decreased their price objective on NewJersey Resources from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Friday. Wells Fargo & Company downgraded NewJersey Resources from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $63.00 to $61.00 in a research report on Wednesday, August 5th. Argus set a $63.00 target price on shares of NewJersey Resources in a report on Wednesday, May 20th. Finally, Weiss Ratings cut shares of NewJersey Resources from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $58.57.

Insider Buying and Selling at NewJersey Resources

In other news, COO Patrick Migliaccio sold 3,000 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $55.63, for a total transaction of $166,890.00. Following the transaction, the chief operating officer owned 32,202 shares of the company's stock, valued at approximately $1,791,397.26. The trade was a 8.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company's stock.

About NewJersey Resources

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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