Swiss National Bank Sells 20,900 Shares of New Jersey Resources Co. (NYSE:NJR)

Swiss National Bank trimmed its position in shares of New Jersey Resources Co. (NYSE:NJR - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,300 shares of the utilities provider's stock after selling 20,900 shares during the quarter. Swiss National Bank owned 0.20% of New Jersey Resources worth $8,573,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NJR. Vanguard Group Inc. raised its holdings in shares of New Jersey Resources by 3.3% during the third quarter. Vanguard Group Inc. now owns 11,564,868 shares of the utilities provider's stock worth $469,881,000 after acquiring an additional 373,802 shares during the period. California Public Employees Retirement System raised its stake in shares of New Jersey Resources by 1.8% during the 4th quarter. California Public Employees Retirement System now owns 489,779 shares of the utilities provider's stock worth $21,834,000 after purchasing an additional 8,589 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of New Jersey Resources by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 387,114 shares of the utilities provider's stock valued at $15,728,000 after acquiring an additional 4,619 shares during the period. Rhumbline Advisers lifted its stake in New Jersey Resources by 1.3% in the 3rd quarter. Rhumbline Advisers now owns 347,681 shares of the utilities provider's stock valued at $14,126,000 after purchasing an additional 4,591 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of New Jersey Resources by 4.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 205,477 shares of the utilities provider's stock worth $9,160,000 after acquiring an additional 8,808 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

New Jersey Resources Trading Down 0.3 %

NYSE NJR traded down $0.15 during trading hours on Tuesday, reaching $43.97. The company's stock had a trading volume of 409,350 shares, compared to its average volume of 505,730. New Jersey Resources Co. has a 52 week low of $38.92 and a 52 week high of $50.72. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.70 and a quick ratio of 0.56. The stock has a market cap of $4.35 billion, a P/E ratio of 17.39 and a beta of 0.62. The firm has a fifty day simple moving average of $42.87 and a 200-day simple moving average of $42.71.

New Jersey Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Wednesday, June 12th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $1.68 dividend on an annualized basis and a yield of 3.82%. New Jersey Resources's payout ratio is 66.40%.

Analyst Ratings Changes

Several analysts recently weighed in on NJR shares. Mizuho dropped their price target on New Jersey Resources from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, February 5th. StockNews.com cut shares of New Jersey Resources from a "hold" rating to a "sell" rating in a research report on Wednesday, May 8th.

New Jersey Resources Company Profile

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.