World Investment Advisors Makes New Investment in NewJersey Resources Corporation $NJR

World Investment Advisors purchased a new position in NewJersey Resources Corporation (NYSE:NJR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,715 shares of the utilities provider’s stock, valued at approximately $1,924,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fifth Third Bancorp boosted its stake in NewJersey Resources by 19.1% in the 4th quarter. Fifth Third Bancorp now owns 1,311 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 210 shares during the period. US Bancorp DE boosted its stake in NewJersey Resources by 7.9% in the 3rd quarter. US Bancorp DE now owns 3,127 shares of the utilities provider’s stock worth $151,000 after purchasing an additional 228 shares during the period. Bessemer Group Inc. boosted its stake in NewJersey Resources by 60.1% in the 3rd quarter. Bessemer Group Inc. now owns 613 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 230 shares during the period. Horizon Investment Services LLC boosted its stake in NewJersey Resources by 4.7% in the 3rd quarter. Horizon Investment Services LLC now owns 6,057 shares of the utilities provider’s stock worth $292,000 after purchasing an additional 273 shares during the period. Finally, UMB Bank n.a. increased its stake in NewJersey Resources by 19.7% in the 3rd quarter. UMB Bank n.a. now owns 1,680 shares of the utilities provider’s stock worth $81,000 after acquiring an additional 277 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NJR. Raymond James Financial reaffirmed an “outperform” rating on shares of NewJersey Resources in a research note on Tuesday, February 3rd. Argus raised NewJersey Resources to a “strong-buy” rating in a research note on Thursday, January 22nd. Mizuho lifted their price objective on NewJersey Resources from $54.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NewJersey Resources in a research note on Wednesday. Finally, Wells Fargo & Company began coverage on NewJersey Resources in a research note on Tuesday. They issued an “overweight” rating and a $63.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $56.17.

NewJersey Resources Stock Performance

NYSE:NJR opened at $57.25 on Friday. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 16.99 and a beta of 0.51. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.80. The stock’s 50 day simple moving average is $55.42 and its two-hundred day simple moving average is $50.74. NewJersey Resources Corporation has a 1 year low of $43.46 and a 1 year high of $57.91.

NewJersey Resources (NYSE:NJR) last announced its earnings results on Monday, May 4th. The utilities provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.31. The firm had revenue of $939.40 million during the quarter, compared to analysts’ expectations of $849.95 million. NewJersey Resources had a return on equity of 14.58% and a net margin of 15.67%.The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 EPS. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. As a group, equities analysts anticipate that NewJersey Resources Corporation will post 3.5 earnings per share for the current fiscal year.

NewJersey Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be issued a $0.475 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.3%. NewJersey Resources’s payout ratio is 56.38%.

Insider Buying and Selling

In other news, CFO Roberto Bel sold 6,105 shares of NewJersey Resources stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $55.10, for a total value of $336,385.50. Following the completion of the transaction, the chief financial officer owned 19,780 shares in the company, valued at approximately $1,089,878. The trade was a 23.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Patrick J. Migliaccio sold 3,000 shares of NewJersey Resources stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $55.84, for a total value of $167,520.00. Following the completion of the transaction, the chief operating officer owned 35,202 shares of the company’s stock, valued at approximately $1,965,679.68. This trade represents a 7.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,554 shares of company stock worth $1,241,448 in the last 90 days. Company insiders own 0.70% of the company’s stock.

About NewJersey Resources

New Jersey Resources Corporation is a publicly traded energy services holding company headquartered in Wall Township, New Jersey. The firm’s primary focus is on the safe and reliable distribution of natural gas, along with complementary energy services and renewable energy investments. Its operations center on delivering cost-effective solutions to residential, commercial and industrial customers throughout the state.

The company’s principal subsidiary, New Jersey Natural Gas, owns and operates an extensive pipeline network that spans northern, central and southern New Jersey.