NewJersey Resources (NYSE:NJR) Sets New 12-Month High - Time to Buy?

Key Points

• 52-week high: NJR hit a new 52-week high of $55.57 (last $55.5430), even though the average analyst price target is $53 and the consensus rating is "Moderate Buy."
• Strong quarterly results: Q earnings of $1.17 beat estimates by $0.22 with revenue up 23.8% year-over-year, and management set FY2026 guidance at $3.28–$3.43 (analysts expect ~3.15).
• Dividend and ownership notes: The company declared a $0.475 quarterly dividend (about a 3.4% yield); insiders recently sold shares while institutional ownership remains high at ~71% with several funds adding positions.

NewJersey Resources Corporation (NYSE:NJR - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $55.57 and last traded at $55.5430, with a volume of 116034 shares traded. The stock had previously closed at $54.59.

Analysts Set New Price Targets

Several brokerages recently issued reports on NJR. Wall Street Zen upgraded shares of NewJersey Resources from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. Weiss Ratings upgraded shares of 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 research report on Tuesday, February 3rd. New Street Research set a $54.00 target price on NewJersey Resources in a report on Wednesday, December 17th. Finally, Argus upgraded NewJersey Resources to a "strong-buy" rating in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, NewJersey Resources has an average rating of "Moderate Buy" and an average price target of $53.00.

NewJersey Resources Stock Performance

The company has a market capitalization of $5.59 billion, a P/E ratio of 17.17 and a beta of 0.57. The company's 50 day moving average is $52.62 and its 200-day moving average is $48.61. The company has a current ratio of 0.83, a quick ratio of 0.58 and a debt-to-equity ratio of 1.32.

NewJersey Resources (NYSE:NJR - Get Free Report) last posted its quarterly earnings data on Monday, February 2nd. The utilities provider reported $1.17 EPS for the quarter, topping the consensus estimate of $0.95 by $0.22. NewJersey Resources had a net margin of 15.18% and a return on equity of 13.06%. The business had revenue of $604.85 million for the quarter, compared to analyst estimates of $546.90 million. During the same quarter in the previous year, the firm posted $1.29 earnings per share. NewJersey Resources's quarterly 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. Equities analysts anticipate that NewJersey Resources Corporation will post 3.15 EPS for the current fiscal year.

NewJersey Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a $0.475 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $1.90 annualized dividend and a dividend yield of 3.4%. NewJersey Resources's dividend payout ratio is presently 58.82%.

Insider Buying and Selling

In other NewJersey Resources news, CFO Roberto Bel sold 6,105 shares of NewJersey Resources stock in a transaction on Monday, March 16th. The stock was sold at an average price of $55.10, for a total transaction 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. The trade was a 23.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Richard Reich sold 5,449 shares of the business's 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 $1,429,405.25. This trade represents a 16.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NJR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 last quarter. NewEdge Advisors LLC lifted its position in NewJersey Resources by 65.7% in the 1st quarter. NewEdge Advisors LLC now owns 22,214 shares of the utilities provider's stock valued at $1,090,000 after acquiring an additional 8,808 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 valued at $15,705,000 after acquiring an additional 29,458 shares in the last quarter. Jane Street Group LLC purchased a new stake in NewJersey Resources during the 1st quarter valued at $8,907,000. Finally, Creative Planning increased its holdings in shares of NewJersey Resources by 8.5% in the 2nd quarter. Creative Planning now owns 25,583 shares of the utilities provider's stock worth $1,147,000 after purchasing an additional 2,009 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

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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