Jupiter Topco LLC Invests $2.54 Million in NewJersey Resources Corporation $NJR

Key Points

• Jupiter Topco acquired 45,299 shares of NewJersey Resources in the second quarter, valued at approximately $2.54 million. Institutional investors collectively own 70.98% of the company.
• NewJersey Resources exceeded quarterly expectations, reporting $0.11 in EPS versus the $0.06 consensus and $349.18 million in revenue, up 16.8% year over year. Management maintained fiscal 2026 EPS guidance of $3.52–$3.62.
• The stock opened at $53.66, below its 50-day and 200-day moving averages. Analysts maintain a consensus “Buy” rating with an average price target of $57.83, although Wells Fargo downgraded the shares to “Equal Weight.”

Jupiter Topco LLC acquired a new position in shares of NewJersey Resources Corporation (NYSE:NJR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 45,299 shares of the utilities provider's stock, valued at approximately $2,540,000.

A number of other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in NewJersey Resources by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,363 shares of the utilities provider's stock valued at $2,912,000 after purchasing an additional 3,422 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of NewJersey Resources by 65.7% during the 1st quarter. NewEdge Advisors LLC now owns 22,214 shares of the utilities provider's stock worth $1,090,000 after purchasing an additional 8,808 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of NewJersey Resources by 10.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 320,113 shares of the utilities provider's stock worth $15,705,000 after purchasing an additional 29,458 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of NewJersey Resources during the 1st quarter valued at about $8,907,000. Finally, Invesco Ltd. lifted its holdings in shares of NewJersey Resources by 14.4% during the 2nd quarter. Invesco Ltd. now owns 465,923 shares of the utilities provider's stock valued at $20,883,000 after buying an additional 58,795 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Buying and Selling at NewJersey Resources

In related news, COO Patrick J. 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 value of $166,890.00. Following the completion of the sale, the chief operating officer directly owned 32,202 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company's stock.

NewJersey Resources Trading Down 0.8%

NewJersey Resources stock opened at $53.66 on Thursday. NewJersey Resources Corporation has a one year low of $43.46 and a one year high of $60.86. The company's fifty day moving average price is $56.60 and its two-hundred day moving average price is $55.73. 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 company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 3.01 and a beta of 0.50.

NewJersey Resources (NYSE:NJR - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. The company had revenue of $349.18 million during the quarter, compared to analysts' expectations of $342.13 million. NewJersey Resources had a return on equity of 14.46% and a net margin of 16.42%.The business's quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. On average, analysts forecast that NewJersey Resources Corporation will post 3.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings cut NewJersey Resources from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Argus set a $63.00 price objective on shares of NewJersey Resources in a research report on Wednesday, May 20th. Finally, Wells Fargo & Company cut shares of 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 research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $57.83.

NewJersey Resources Company 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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