Tudor Investment Corp ET AL Reduces Stock Holdings in NewJersey Resources Corporation $NJR

Key Points

• Tudor Investment Corp cut its stake in NewJersey Resources by 81.2% in Q3, selling 255,349 shares and now owns 58,974 shares (~0.06% of the company) worth $2.84 million.
• Several other institutions significantly increased positions — notably Millennium Management (+895.7% to 677,352 shares) while Energy Income Partners, Qube, Victory and Hotchkis & Wiley also added or opened sizable stakes; institutional ownership stands at about 70.98%.
• Fundamentals remain solid: Q results beat expectations (EPS $1.17 vs. $0.95) with revenue up 23.8% to $604.85M, FY2026 guidance set at 3.28–3.43 EPS, and a quarterly dividend of $0.475 (3.3% yield).

Tudor Investment Corp ET AL lowered its holdings in shares of NewJersey Resources Corporation (NYSE:NJR - Free Report) by 81.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,974 shares of the utilities provider's stock after selling 255,349 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.06% of NewJersey Resources worth $2,840,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC grew its position in NewJersey Resources by 895.7% during the third quarter. Millennium Management LLC now owns 677,352 shares of the utilities provider's stock valued at $32,614,000 after buying an additional 609,323 shares during the period. Energy Income Partners LLC raised its position in NewJersey Resources by 145.7% in the second quarter. Energy Income Partners LLC now owns 798,661 shares of the utilities provider's stock worth $35,796,000 after acquiring an additional 473,664 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of NewJersey Resources by 77.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 730,300 shares of the utilities provider's stock worth $32,732,000 after acquiring an additional 317,932 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of NewJersey Resources during the 3rd quarter worth $13,351,000. Finally, Victory Capital Management Inc. grew its position in shares of NewJersey Resources by 68.2% during the 3rd quarter. Victory Capital Management Inc. now owns 610,166 shares of the utilities provider's stock valued at $29,379,000 after acquiring an additional 247,310 shares during the period. Institutional investors own 70.98% of the company's stock.

NewJersey Resources Trading Down 1.0%

NJR stock opened at $56.96 on Friday. The firm has a fifty day moving average price of $54.14 and a 200 day moving average price of $49.23. NewJersey Resources Corporation has a fifty-two week low of $43.46 and a fifty-two week high of $57.70. The firm has a market cap of $5.74 billion, a PE ratio of 17.64 and a beta of 0.55. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.58 and a current ratio of 0.83.

NewJersey Resources (NYSE:NJR - Get Free Report) last released its quarterly earnings results on Monday, February 2nd. The utilities provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.22. NewJersey Resources had a net margin of 15.18% and a return on equity of 13.06%. The company had revenue of $604.85 million for the quarter, compared to the consensus estimate of $546.90 million. During the same quarter in the prior year, the firm earned $1.29 earnings per share. NewJersey Resources's revenue was up 23.8% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.280-3.43 EPS. Sell-side analysts anticipate that NewJersey Resources Corporation will post 3.15 earnings per share for the current fiscal year.

NewJersey Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were given a $0.475 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $1.90 annualized dividend and a yield of 3.3%. NewJersey Resources's dividend payout ratio (DPR) is currently 58.82%.

Insider Activity at NewJersey Resources

In other news, SVP Richard Reich sold 5,449 shares of NewJersey Resources stock in a transaction that occurred 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 transaction, the senior vice president owned 26,975 shares in the company, valued at approximately $1,429,405.25. The trade was a 16.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Roberto Bel sold 6,105 shares of the business's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $55.10, for a total value of $336,385.50. Following the transaction, the chief financial officer directly 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. Insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

NJR has been the topic of a number of recent research reports. Raymond James Financial reaffirmed an "outperform" rating on shares of NewJersey Resources in a report on Tuesday, February 3rd. Argus raised NewJersey Resources to a "strong-buy" rating in a research note on Thursday, January 22nd. New Street Research set a $54.00 price objective on NewJersey Resources in a research report on Wednesday, December 17th. Williams Trading set a $55.00 price objective on NewJersey Resources in a research note on Tuesday, February 3rd. Finally, Weiss Ratings upgraded shares of NewJersey Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $53.33.

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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