NewJersey Resources (NYSE:NJR) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• NewJersey Resources shares moved above their 200-day moving average, reaching $56.03 and last trading near $55.54, compared with the $55.41 average.
• Analysts maintain a generally positive outlook, with an average “Buy” rating and a $57.83 price target. However, Wells Fargo downgraded the stock to “equal weight” and cut its target to $61.
• The company exceeded quarterly expectations, reporting $0.11 in EPS versus the $0.06 consensus and $349.18 million in revenue, up 16.8% year over year. NewJersey Resources guided to fiscal 2026 EPS of $3.52–$3.62.

Shares of NewJersey Resources Corporation (NYSE:NJR - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $55.41 and traded as high as $56.03. NewJersey Resources shares last traded at $55.5360, with a volume of 433,369 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on NJR shares. Mizuho lifted their price target on NewJersey Resources from $54.00 to $61.00 and gave the company an "outperform" rating in a report on Tuesday, April 21st. Weiss Ratings downgraded shares of NewJersey Resources from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Wells Fargo & Company cut shares of NewJersey Resources from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $63.00 to $61.00 in a research note on Wednesday, August 5th. Finally, Argus set a $63.00 target price on NewJersey Resources in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $57.83.

NewJersey Resources Trading Up 0.3%

The company has a debt-to-equity ratio of 1.21, a current ratio of 0.66 and a quick ratio of 0.45. The company has a market capitalization of $5.64 billion, a P/E ratio of 15.34 and a beta of 0.50. The business's 50-day moving average price is $56.82 and its two-hundred day moving average price is $55.41.

NewJersey Resources (NYSE:NJR - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. NewJersey Resources had a return on equity of 14.46% and a net margin of 16.42%.The company had revenue of $349.18 million for the quarter, compared to analyst estimates of $342.13 million. During the same quarter last year, the firm posted ($0.15) earnings per share. NewJersey Resources's revenue 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. As a group, analysts forecast that NewJersey Resources Corporation will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other NewJersey Resources news, insider Christopher T. D'antuono sold 1,150 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $57.34, for a total transaction of $65,941.00. Following the completion of the transaction, the insider owned 2,985 shares in the company, valued at approximately $171,159.90. This represents a 27.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company's stock.

Hedge Funds Weigh In On NewJersey Resources

A number of large investors have recently bought and sold shares of NJR. Root Financial Partners LLC grew its position in NewJersey Resources by 56.5% in the first quarter. Root Financial Partners LLC now owns 526 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 190 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in NewJersey Resources during the 3rd quarter worth about $28,000. Essential Partners LLC lifted its position in NewJersey Resources by 67.3% during the 2nd quarter. Essential Partners LLC now owns 686 shares of the utilities provider's stock worth $38,000 after buying an additional 276 shares in the last quarter. Torren Management LLC acquired a new position in shares of NewJersey Resources during the 4th quarter worth about $35,000. Finally, CENTRAL TRUST Co boosted its stake in shares of NewJersey Resources by 172.7% during the 1st quarter. CENTRAL TRUST Co now owns 818 shares of the utilities provider's stock worth $45,000 after buying an additional 518 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

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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