Energy Income Partners LLC Increases Stake in NewJersey Resources Corporation $NJR

Energy Income Partners LLC raised its stake in NewJersey Resources Corporation (NYSE:NJR) by 145.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 798,661 shares of the utilities provider’s stock after purchasing an additional 473,664 shares during the quarter. Energy Income Partners LLC’s holdings in NewJersey Resources were worth $35,796,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in NewJersey Resources by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,424,736 shares of the utilities provider’s stock valued at $168,019,000 after purchasing an additional 115,570 shares during the period. Geode Capital Management LLC grew its holdings in NewJersey Resources by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 2,545,394 shares of the utilities provider’s stock valued at $114,097,000 after purchasing an additional 16,954 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in NewJersey Resources by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,274,588 shares of the utilities provider’s stock worth $62,531,000 after buying an additional 7,132 shares during the period. Norges Bank purchased a new stake in NewJersey Resources during the 2nd quarter worth $52,671,000. Finally, ProShare Advisors LLC lifted its holdings in NewJersey Resources by 0.4% in the 2nd quarter. ProShare Advisors LLC now owns 831,309 shares of the utilities provider’s stock worth $37,259,000 after buying an additional 3,588 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

NewJersey Resources Stock Performance

Shares of NewJersey Resources stock opened at $45.82 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.40 and a current ratio of 0.73. NewJersey Resources Corporation has a 1 year low of $43.46 and a 1 year high of $50.76. The firm’s 50-day simple moving average is $46.10 and its 200-day simple moving average is $46.15. The firm has a market cap of $4.62 billion, a PE ratio of 13.76 and a beta of 0.61.

NewJersey Resources (NYSE:NJR) last announced its quarterly earnings data on Wednesday, November 19th. The utilities provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. NewJersey Resources had a return on equity of 13.73% and a net margin of 16.48%.The firm had revenue of $336.08 million during the quarter, compared to analyst estimates of $307.30 million. During the same period in the previous year, the company earned $0.89 earnings per share. NewJersey Resources’s quarterly revenue was down 15.1% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.030-3.180 EPS. Equities analysts forecast that NewJersey Resources Corporation will post 3.15 earnings per share for the current fiscal year.

NewJersey Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, December 12th. This represents a $1.90 annualized dividend and a yield of 4.1%. NewJersey Resources’s dividend payout ratio (DPR) is 57.06%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NJR. Raymond James Financial restated an “outperform” rating and set a $53.00 target price on shares of NewJersey Resources in a research note on Thursday, November 20th. Wall Street Zen lowered NewJersey Resources from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings downgraded NewJersey Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, NewJersey Resources has a consensus rating of “Hold” and a consensus target price of $51.86.

NewJersey 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.