Voya Investment Management LLC Has $7.50 Million Holdings in New Jersey Resources Co. (NYSE:NJR)

Voya Investment Management LLC raised its position in shares of New Jersey Resources Co. (NYSE:NJR - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 160,712 shares of the utilities provider's stock after purchasing an additional 8,768 shares during the quarter. Voya Investment Management LLC owned about 0.16% of New Jersey Resources worth $7,497,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Roxbury Financial LLC purchased a new position in New Jersey Resources during the 4th quarter worth approximately $25,000. Versant Capital Management Inc boosted its stake in shares of New Jersey Resources by 9,400.0% during the 4th quarter. Versant Capital Management Inc now owns 665 shares of the utilities provider's stock worth $31,000 after acquiring an additional 658 shares in the last quarter. UMB Bank n.a. raised its position in shares of New Jersey Resources by 69.8% in the fourth quarter. UMB Bank n.a. now owns 839 shares of the utilities provider's stock valued at $39,000 after purchasing an additional 345 shares during the period. Halbert Hargrove Global Advisors LLC bought a new position in shares of New Jersey Resources in the fourth quarter worth about $42,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of New Jersey Resources during the fourth quarter worth approximately $51,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at New Jersey Resources

In other New Jersey Resources news, CFO Roberto Bel sold 2,346 shares of New Jersey Resources stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $48.58, for a total value of $113,968.68. Following the completion of the sale, the chief financial officer now owns 23,822 shares in the company, valued at $1,157,272.76. The trade was a 8.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.72% of the company's stock.

New Jersey Resources Trading Up 1.2 %

NJR stock traded up $0.59 during midday trading on Friday, reaching $49.50. The company's stock had a trading volume of 424,667 shares, compared to its average volume of 531,416. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 1.29. New Jersey Resources Co. has a 52 week low of $41.58 and a 52 week high of $51.95. The stock has a market cap of $4.96 billion, a PE ratio of 14.91 and a beta of 0.58. The business's 50-day simple moving average is $48.59 and its 200-day simple moving average is $47.76.

New Jersey Resources (NYSE:NJR - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The utilities provider reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.15. New Jersey Resources had a net margin of 18.25% and a return on equity of 15.72%. During the same quarter last year, the business earned $0.74 EPS. As a group, sell-side analysts expect that New Jersey Resources Co. will post 3.15 EPS for the current year.

New Jersey Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Tuesday, June 10th. New Jersey Resources's dividend payout ratio (DPR) is presently 54.22%.

Analyst Ratings Changes

NJR has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of New Jersey Resources from $54.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. New Street Research set a $51.00 price objective on shares of New Jersey Resources in a research note on Tuesday, April 1st. StockNews.com upgraded shares of New Jersey Resources from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Guggenheim raised their price objective on shares of New Jersey Resources from $53.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group initiated coverage on shares of New Jersey Resources in a research report on Tuesday, April 1st. They issued a "hold" rating and a $51.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, New Jersey Resources presently has a consensus rating of "Hold" and a consensus price target of $51.50.

New Jersey Resources 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.