United Capital Financial Advisors LLC Purchases Shares of 19,856 NewJersey Resources Corporation $NJR

Key Points

• United Capital Financial Advisors purchased 19,856 shares of NewJersey Resources worth approximately $1.11 million. Institutional investors collectively own 70.98% of the utility company.
• NewJersey Resources beat quarterly expectations, reporting adjusted EPS of $0.11 versus the $0.06 consensus and revenue of $349.18 million, up 16.8% year over year. The company maintained fiscal 2026 EPS guidance of $3.52–$3.62.
• NJR shares opened at $53.49, while analysts maintained a consensus “Buy” rating with an average price target of $57.83. COO Patrick J. Migliaccio sold 3,000 shares at an average price of $55.63.

United Capital Financial Advisors LLC purchased a new position in NewJersey Resources Corporation (NYSE:NJR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,856 shares of the utilities provider's stock, valued at approximately $1,113,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its stake in NewJersey Resources by 29.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 46,535 shares of the utilities provider's stock worth $2,146,000 after purchasing an additional 10,666 shares during the last quarter. World Investment Advisors purchased a new position in shares of NewJersey Resources during the 4th quarter valued at about $1,924,000. Norges Bank bought a new stake in NewJersey Resources in the 4th quarter worth approximately $60,075,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in NewJersey Resources by 112.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 66,487 shares of the utilities provider's stock worth $3,651,000 after buying an additional 35,128 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in NewJersey Resources by 613.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 179,425 shares of the utilities provider's stock worth $9,854,000 after buying an additional 154,288 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Activity at NewJersey Resources

In related news, COO Patrick J. Migliaccio sold 3,000 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $55.63, for a total transaction of $166,890.00. Following the sale, the chief operating officer directly owned 32,202 shares of the company's stock, valued at approximately $1,791,397.26. This represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company's stock.

NewJersey Resources Trading Down 0.5%

NJR opened at $53.49 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.66 and a quick ratio of 0.45. NewJersey Resources Corporation has a one year low of $43.46 and a one year high of $60.86. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 14.78 and a beta of 0.50. The business has a 50 day simple moving average of $56.73 and a two-hundred day simple moving average of $55.69.

NewJersey Resources (NYSE:NJR - Get Free Report) last announced its earnings results on Monday, August 3rd. The utilities provider reported $0.11 earnings per share 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 for the quarter, compared to analyst estimates of $342.13 million. During the same quarter in the previous year, the firm posted ($0.15) EPS. The company's revenue for the quarter was up 16.8% compared to the same quarter last year. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. Analysts predict that NewJersey Resources Corporation will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NJR. Weiss Ratings lowered shares of NewJersey Resources from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Wells Fargo & Company cut shares of NewJersey Resources from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $63.00 to $61.00 in a research report on Wednesday, August 5th. Finally, Argus set a $63.00 price target on shares of NewJersey Resources in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, NewJersey Resources presently has a consensus rating of "Buy" and an average price target of $57.83.

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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