NewJersey Resources (NYSE:NJR) SVP Richard Reich Sells 5,449 Shares

Key Points

• Richard Reich, an SVP at NewJersey Resources, sold 5,449 shares at an average price of $52.99 for $288,742.51, trimming his stake by 16.81% to 26,975 shares valued at about $1.43M.
• NewJersey Resources beat estimates with Q earnings of $1.17 EPS (vs. $0.95 expected) and revenue of $604.85M, and set FY2026 guidance of 3.28–3.43 EPS (analysts expect ~3.15).
• The company declared a quarterly dividend of $0.475 (annualized $1.90, yield ~3.6%), with an ex-dividend date of March 11 and payment on April 1.

NewJersey Resources Corporation (NYSE:NJR - Get Free Report) SVP Richard Reich sold 5,449 shares of the company's stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $52.99, for a total transaction of $288,742.51. Following the transaction, the senior vice president owned 26,975 shares of the company's stock, valued at $1,429,405.25. This trade represents a 16.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

NewJersey Resources Price Performance

Shares of NJR traded down $0.90 during trading hours on Friday, reaching $52.89. The stock had a trading volume of 127,962 shares, compared to its average volume of 528,177. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.58 and a current ratio of 0.83. NewJersey Resources Corporation has a 12 month low of $43.46 and a 12 month high of $55.49. The stock has a market capitalization of $5.33 billion, a PE ratio of 16.38 and a beta of 0.57. The company's 50-day moving average is $51.80 and its two-hundred day moving average is $48.28.

NewJersey Resources (NYSE:NJR - Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The utilities provider reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.22. The business had revenue of $604.85 million for the quarter, compared to analyst estimates of $546.90 million. NewJersey Resources had a return on equity of 13.06% and a net margin of 15.18%.NewJersey Resources's quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS. NewJersey Resources has set its FY 2026 guidance at 3.280-3.43 EPS. Research analysts expect that NewJersey Resources Corporation will post 3.15 EPS for the current year.

NewJersey Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, March 11th. NewJersey Resources's dividend payout ratio (DPR) is 58.82%.

Institutional Investors Weigh In On NewJersey Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. Measured Wealth Private Client Group LLC acquired a new position in NewJersey Resources during the 3rd quarter valued at about $28,000. Bessemer Group Inc. raised its stake in shares of NewJersey Resources by 60.1% in the third quarter. Bessemer Group Inc. now owns 613 shares of the utilities provider's stock worth $29,000 after purchasing an additional 230 shares during the last quarter. Tradewinds Capital Management LLC bought a new position in shares of NewJersey Resources in the third quarter valued at approximately $30,000. Torren Management LLC bought a new position in shares of NewJersey Resources in the fourth quarter valued at approximately $35,000. Finally, Smartleaf Asset Management LLC boosted its position 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 buying an additional 505 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on NJR. New Street Research set a $54.00 price target on shares of NewJersey Resources in a research report on Wednesday, December 17th. Argus upgraded shares of NewJersey Resources to a "strong-buy" rating in a report on Thursday, January 22nd. Raymond James Financial reissued an "outperform" rating on shares of NewJersey Resources in a research note on Tuesday, February 3rd. Mizuho upgraded NewJersey Resources from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $51.00 to $54.00 in a report on Wednesday, December 17th. Finally, Wall Street Zen raised NewJersey Resources from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $53.00.

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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