11,749 Shares in New Jersey Resources Co. (NYSE:NJR) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in shares of New Jersey Resources Co. (NYSE:NJR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,749 shares of the utilities provider's stock, valued at approximately $548,000.

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

New Jersey Resources Stock Down 0.5 %

Shares of NYSE NJR traded down $0.27 on Friday, reaching $49.11. 76,395 shares of the company's stock traded hands, compared to its average volume of 526,210. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 1.29. The business's 50 day simple moving average is $48.33 and its two-hundred day simple moving average is $47.61. New Jersey Resources Co. has a 12 month low of $41.58 and a 12 month high of $51.95. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 14.79 and a beta of 0.58.

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

New Jersey Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.80 dividend on an annualized basis and a yield of 3.66%. New Jersey Resources's payout ratio is currently 54.22%.

Analyst Upgrades and Downgrades

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

Insider Activity at New Jersey Resources

In other New Jersey Resources news, CFO Roberto Bel sold 1,173 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $50.00, for a total value of $58,650.00. Following the transaction, the chief financial officer now owns 22,649 shares of the company's stock, valued at approximately $1,132,450. This represents a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is currently owned by insiders.

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.