Corient Private Wealth LP Makes New Investment in NewJersey Resources Corporation $NJR

Key Points

• Corient Private Wealth LP acquired 63,279 shares of NewJersey Resources in the second quarter, valued at approximately $3.55 million. Institutional investors collectively own 70.98% of NJR.
• NewJersey Resources exceeded quarterly earnings expectations, reporting $0.11 EPS versus the $0.06 consensus, while revenue rose 16.8% year over year to $349.18 million. The company maintained fiscal 2026 EPS guidance of $3.52–$3.62.
• NJR shares opened at $54.06, compared with analysts’ consensus price target of $57.83 and an overall “Buy” rating. Wells Fargo recently downgraded the stock to “equal weight” and cut its target to $61.

Corient Private Wealth LP purchased a new stake in NewJersey Resources Corporation (NYSE:NJR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 63,279 shares of the utilities provider's stock, valued at approximately $3,546,000. Corient Private Wealth LP owned about 0.06% of NewJersey Resources at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NJR. Root Financial Partners LLC increased its holdings in shares of 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 acquiring an additional 190 shares during the last quarter. Fifth Third Bancorp lifted its holdings in NewJersey Resources by 19.1% during the 4th quarter. Fifth Third Bancorp now owns 1,311 shares of the utilities provider's stock valued at $60,000 after purchasing an additional 210 shares during the last quarter. US Bancorp DE lifted its holdings in NewJersey Resources by 7.9% during the 3rd quarter. US Bancorp DE now owns 3,127 shares of the utilities provider's stock valued at $151,000 after purchasing an additional 228 shares during the last quarter. Essential Partners LLC boosted its position in NewJersey Resources by 67.3% during the second quarter. Essential Partners LLC now owns 686 shares of the utilities provider's stock worth $38,000 after purchasing an additional 276 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of NewJersey Resources by 25.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,391 shares of the utilities provider's stock valued at $76,000 after purchasing an additional 280 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Insiders Place Their Bets

In other NewJersey Resources news, COO Patrick J. Migliaccio sold 3,000 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $55.63, for a total value of $166,890.00. Following the completion of the sale, the chief operating officer directly owned 32,202 shares of the company's stock, valued at $1,791,397.26. This trade represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.70% of the company's stock.

NewJersey Resources Stock Performance

Shares of NJR opened at $54.06 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.66 and a quick ratio of 0.45. The stock has a 50-day moving average of $56.66 and a 200-day moving average of $55.73. NewJersey Resources Corporation has a one year low of $43.46 and a one year high of $60.86. The company has a market cap of $5.49 billion, a PE ratio of 14.93 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. NewJersey Resources had a net margin of 16.42% and a return on equity of 14.46%. The firm had revenue of $349.18 million during the quarter, compared to analysts' expectations of $342.13 million. During the same period last year, the company earned ($0.15) earnings per share. The business's revenue was up 16.8% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. On average, equities research analysts predict that NewJersey Resources Corporation will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on NJR. Argus set a $63.00 price target on NewJersey Resources in a research note on Wednesday, May 20th. Wells Fargo & Company downgraded NewJersey Resources from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $63.00 to $61.00 in a report on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of NewJersey Resources from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $57.83.

NewJersey Resources Profile

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.

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