NewJersey Resources Corporation (NYSE:NJR) Given Average Rating of "Buy" by Analysts

Key Points

• Analyst consensus: Six analysts give NewJersey Resources an overall "Buy" rating (4 Buy, 1 Hold, 1 Strong Buy) with an average 1‑year target of $53.33.
• NJR beat quarterly estimates, reporting $1.17 EPS vs. $0.95 expected and revenue up 23.8% year‑over‑year, and set FY2026 guidance of 3.28–3.43 EPS versus analyst forecasts of about 3.15.
• Insider selling: The CFO and SVP recently sold shares (reducing their stakes by ~23.6% and ~16.8%), leaving corporate insiders with only 0.70% ownership.

NewJersey Resources Corporation (NYSE:NJR - Get Free Report) has been assigned a consensus rating of "Buy" from the six research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $53.3333.

NJR has been the subject of a number of recent analyst reports. Mizuho upgraded NewJersey Resources from a "neutral" rating to an "outperform" rating and upped their target price for the company from $51.00 to $54.00 in a report on Wednesday, December 17th. Weiss Ratings upgraded NewJersey Resources from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 13th. Williams Trading set a $55.00 price objective on NewJersey Resources in a report on Tuesday, February 3rd. Wall Street Zen upgraded NewJersey Resources from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of NewJersey Resources in a report on Tuesday, February 3rd.

Insiders Place Their Bets

In other NewJersey Resources news, CFO Roberto Bel sold 6,105 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $55.10, for a total value of $336,385.50. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the senior vice president owned 26,975 shares of the company's stock, valued at approximately $1,429,405.25. This trade represents a 16.81% decrease in their position. The SEC filing for this sale provides additional information. 0.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NewJersey Resources

A number of institutional investors have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in shares of NewJersey Resources during the third quarter valued at $28,000. Bessemer Group Inc. increased its holdings in shares of NewJersey Resources by 60.1% during the third quarter. Bessemer Group Inc. now owns 613 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 230 shares in the last quarter. Tradewinds Capital Management LLC bought a new position in shares of NewJersey Resources during the third quarter valued at $30,000. Torren Management LLC bought a new position in shares of NewJersey Resources during the fourth quarter valued at $35,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of NewJersey Resources by 118.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 933 shares of the utilities provider's stock valued at $43,000 after acquiring an additional 505 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

NewJersey Resources Price Performance

Shares of NewJersey Resources stock opened at $56.96 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.83 and a debt-to-equity ratio of 1.32. The company has a market cap of $5.74 billion, a PE ratio of 17.64 and a beta of 0.55. The business has a 50 day moving average of $54.14 and a 200 day moving average of $49.23. NewJersey Resources has a 52 week low of $43.46 and a 52 week high of $57.70.

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

NewJersey Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were issued a $0.475 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $1.90 dividend on an annualized basis and a yield of 3.3%. NewJersey Resources's dividend payout ratio is 58.82%.

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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