NewJersey Resources Corporation (NYSE:NJR) Receives Consensus Rating of "Buy" from Analysts

Key Points

• Analysts give NewJersey Resources a consensus “Buy” rating from six firms (4 buys, 1 hold, 1 strong buy) with an average 12‑month price target of $54.50.
• The company beat Q results, reporting $2.20 EPS vs. $1.89 expected and $939.4M revenue vs. $849.95M expected, and set FY‑2026 guidance of 3.48–3.63 EPS (analysts expect ~3.39).
• Senior insiders sold shares in March — SVP Richard Reich and CFO Roberto Bel reduced their holdings by ~16.8% and ~23.6%, respectively — and insiders now own about 0.70% of the stock.

Shares of NewJersey Resources Corporation (NYSE:NJR - Get Free Report) have earned an average rating of "Buy" from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $54.50.

Several research analysts have recently weighed in on NJR shares. Williams Trading set a $55.00 price target on NewJersey Resources in a research note on Tuesday, February 3rd. Mizuho boosted their price objective on NewJersey Resources from $54.00 to $61.00 and gave the company an "outperform" rating in a research note on Tuesday, April 21st. Weiss Ratings raised shares of NewJersey Resources from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 13th. Raymond James Financial reiterated an "outperform" rating on shares of NewJersey Resources in a research report on Tuesday, February 3rd. Finally, Argus upgraded shares of NewJersey Resources to a "strong-buy" rating in a research note on Thursday, January 22nd.

Insiders Place Their Bets

In other news, SVP Richard Reich sold 5,449 shares of NewJersey Resources 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 directly owned 26,975 shares in the company, valued at approximately $1,429,405.25. The trade was a 16.81% decrease in their ownership of the stock. 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 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 sale, the chief financial officer owned 19,780 shares in the company, valued at approximately $1,089,878. The trade was a 23.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.70% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NJR. Dimensional Fund Advisors LP increased its position in shares of NewJersey Resources by 10.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,934,165 shares of the utilities provider's stock valued at $181,446,000 after buying an additional 367,844 shares during the period. Geode Capital Management LLC boosted its position in shares of NewJersey Resources by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,629,373 shares of the utilities provider's stock valued at $121,285,000 after acquiring an additional 10,448 shares during the period. Northern Trust Corp grew its stake in NewJersey Resources by 1.1% during the third quarter. Northern Trust Corp now owns 1,335,344 shares of the utilities provider's stock valued at $64,297,000 after acquiring an additional 14,512 shares in the last quarter. Norges Bank purchased a new position in NewJersey Resources during the fourth quarter valued at approximately $60,075,000. Finally, Morgan Stanley increased its holdings in NewJersey Resources by 19.4% during the 4th quarter. Morgan Stanley now owns 1,283,533 shares of the utilities provider's stock worth $59,197,000 after acquiring an additional 208,388 shares during the period. Institutional investors own 70.98% of the company's stock.

NewJersey Resources Stock Down 0.2%

NewJersey Resources stock opened at $55.98 on Wednesday. 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 quick ratio of 0.58, a current ratio of 0.83 and a debt-to-equity ratio of 1.32. NewJersey Resources has a twelve month low of $43.46 and a twelve month high of $57.85. The company has a market capitalization of $5.65 billion, a P/E ratio of 16.61 and a beta of 0.51.

NewJersey Resources (NYSE:NJR - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.20 EPS for the quarter, topping 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 company had revenue of $939.40 million for the quarter, compared to analysts' expectations of $849.95 million. During the same quarter in the previous year, the firm posted $1.78 EPS. NewJersey Resources's revenue was up 2.9% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. As a group, equities analysts predict that NewJersey Resources will post 3.39 EPS for the current year.

NewJersey Resources Dividend Announcement

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.