NYSE:NJR - Free Report ) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 19,885 shares of the utilities provider's stock, valued at approximately $886,000.
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Other large investors also recently modified their holdings of the company. Jackson Creek Investment Advisors LLC bought a new position in New Jersey Resources during the 4th quarter worth about $935,000. Vanguard Group Inc. raised its holdings in shares of New Jersey Resources by 3.3% in the third quarter. Vanguard Group Inc. now owns 11,564,868 shares of the utilities provider's stock valued at $469,881,000 after purchasing an additional 373,802 shares during the last quarter. Inspire Investing LLC increased its stake in New Jersey Resources by 13.6% in the 3rd quarter. Inspire Investing LLC now owns 7,555 shares of the utilities provider's stock valued at $307,000 after buying an additional 906 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in New Jersey Resources by 83,963.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 136,182 shares of the utilities provider's stock worth $6,071,000 after buying an additional 136,020 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of New Jersey Resources by 56.3% during the 3rd quarter. HighTower Advisors LLC now owns 24,112 shares of the utilities provider's stock worth $980,000 after buying an additional 8,681 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.
New Jersey Resources Stock Performance Shares of NJR stock traded down $0.65 during midday trading on Wednesday, hitting $44.20. 519,547 shares of the company were exchanged, compared to its average volume of 508,981. New Jersey Resources Co. has a 52 week low of $38.92 and a 52 week high of $50.72. The firm has a market capitalization of $4.35 billion, a P/E ratio of 18.11 and a beta of 0.62. The firm's 50 day moving average price is $42.72 and its two-hundred day moving average price is $42.65. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.47 and a current ratio of 0.70.
New Jersey Resources (NYSE:NJR - Get Free Report ) last issued its quarterly earnings data on Tuesday, February 6th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.15). The company had revenue of $467.20 million for the quarter, compared to analyst estimates of $812.66 million. New Jersey Resources had a return on equity of 11.13% and a net margin of 13.96%. The company's revenue was down 35.4% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share. As a group, equities research analysts anticipate that New Jersey Resources Co. will post 2.94 earnings per share for the current year.
New Jersey Resources Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Wednesday, June 12th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $1.68 annualized dividend and a yield of 3.80%. New Jersey Resources's dividend payout ratio (DPR) is presently 68.85%.
Analyst Ratings Changes Several analysts recently issued reports on the company. Mizuho dropped their target price on New Jersey Resources from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, February 5th. StockNews.com upgraded shares of New Jersey Resources from a "sell" rating to a "hold" rating in a research note on Wednesday, February 7th.
Read Our Latest Research Report on NJR
About New Jersey Resources (
Free Report )
New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets.
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