NewJersey Resources Corporation $NJR Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group trimmed its stake by 1.0% (sold 106,939 shares) but still owns 10,912,990 shares—about 10.83% of NewJersey Resources valued at $503.3M; institutional investors hold roughly 70.98% of the stock.
• Q1 earnings beat: NJR reported $2.20 EPS vs. $1.89 expected and $939.4M revenue vs. $849.95M expected, set FY2026 guidance of $3.480–3.630 EPS, and carries a consensus Buy rating with a $54.50 target.
• Insider sales and dividend: the SVP and CFO sold shares (reducing their positions), and the company declared a quarterly dividend of $0.475 per share (annualized $1.90, ~3.4% yield).

Vanguard Group Inc. lessened its stake in shares of NewJersey Resources Corporation (NYSE:NJR - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,912,990 shares of the utilities provider's stock after selling 106,939 shares during the quarter. Vanguard Group Inc. owned about 10.83% of NewJersey Resources worth $503,307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NJR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of NewJersey Resources by 6.1% during 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 buying an additional 3,422 shares during the period. NewEdge Advisors LLC grew its stake in NewJersey Resources by 65.7% in the 1st quarter. NewEdge Advisors LLC now owns 22,214 shares of the utilities provider's stock worth $1,090,000 after acquiring an additional 8,808 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in NewJersey Resources by 10.1% in 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 acquiring an additional 29,458 shares during the period. Jane Street Group LLC acquired a new position in NewJersey Resources in the 1st quarter valued at $8,907,000. Finally, Invesco Ltd. lifted its stake 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 worth $20,883,000 after purchasing an additional 58,795 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Raymond James Financial reaffirmed an "outperform" rating on shares of NewJersey Resources in a research report on Tuesday, February 3rd. Mizuho increased their target price on NewJersey Resources from $54.00 to $61.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 21st. Argus raised NewJersey Resources to a "strong-buy" rating in a research note on Thursday, January 22nd. Williams Trading set a $55.00 price target on NewJersey Resources in a report on Tuesday, February 3rd. Finally, Weiss Ratings raised shares of NewJersey Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, NewJersey Resources presently has a consensus rating of "Buy" and a consensus target price of $54.50.

Insider Buying and Selling at NewJersey Resources

In related news, SVP Richard Reich sold 5,449 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $52.99, for a total value of $288,742.51. Following the completion of the sale, the senior vice president directly owned 26,975 shares in the company, valued at approximately $1,429,405.25. This represents a 16.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Roberto Bel sold 6,105 shares of the business's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $55.10, for a total value of $336,385.50. Following the transaction, the chief financial officer owned 19,780 shares in the company, valued at approximately $1,089,878. This represents a 23.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.70% of the stock is currently owned by corporate insiders.

NewJersey Resources Stock Down 0.2%

NJR opened at $55.98 on Wednesday. NewJersey Resources Corporation has a 1 year low of $43.46 and a 1 year high of $57.85. The firm has a 50 day moving average price of $55.07 and a 200 day moving average price of $50.21. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.58 and a current ratio of 0.83. The company has a market cap of $5.65 billion, a PE ratio of 16.61 and a beta of 0.51.

NewJersey Resources (NYSE:NJR - Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.31. NewJersey Resources had a net margin of 15.67% and a return on equity of 14.90%. The firm had revenue of $939.40 million for the quarter, compared to analysts' expectations of $849.95 million. During the same period in the previous year, the company posted $1.78 earnings per share. NewJersey Resources's revenue was up 2.9% compared to the same quarter last year. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. Sell-side analysts expect that NewJersey Resources Corporation will post 3.39 earnings per share for the current year.

NewJersey Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, June 10th. NewJersey Resources's dividend payout ratio is 58.82%.

About NewJersey Resources

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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