NewJersey Resources (NYSE:NJR) Updates FY 2026 Earnings Guidance

NewJersey Resources (NYSE:NJR) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided earnings per share guidance of 3.280-3.43 for the period, compared to the consensus earnings per share estimate of 3.130. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NJR. Mizuho raised NewJersey Resources from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $51.00 to $54.00 in a report on Wednesday, December 17th. Raymond James Financial reiterated an “outperform” rating and issued a $53.00 target price on shares of NewJersey Resources in a report on Thursday, November 20th. New Street Research set a $54.00 target price on NewJersey Resources in a report on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NewJersey Resources in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of NewJersey Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $52.86.

NewJersey Resources Stock Performance

NewJersey Resources stock opened at $50.02 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.73 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $5.04 billion, a P/E ratio of 15.02 and a beta of 0.60. NewJersey Resources has a twelve month low of $43.46 and a twelve month high of $50.76. The stock’s 50 day moving average is $46.94 and its 200 day moving average is $46.67.

NewJersey Resources (NYSE:NJR) last released its quarterly earnings data on Monday, February 2nd. The utilities provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.19. NewJersey Resources had a return on equity of 13.73% and a net margin of 16.48%.The business had revenue of $604.85 million for the quarter, compared to analysts’ expectations of $546.90 million. During the same period in the prior year, the firm posted $1.29 EPS. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.280-3.43 EPS. On average, equities research analysts predict that NewJersey Resources will post 3.15 earnings per share for the current fiscal year.

NewJersey Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, March 11th. NewJersey Resources’s dividend payout ratio (DPR) is currently 57.06%.

Insider Buying and Selling

In other NewJersey Resources news, COO Patrick J. Migliaccio sold 4,017 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $46.46, for a total value of $186,629.82. Following the completion of the sale, the chief operating officer owned 38,065 shares in the company, valued at $1,768,499.90. This represents a 9.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of NewJersey Resources

Large investors have recently made changes to their positions in the business. Measured Wealth Private Client Group LLC purchased a new position in NewJersey Resources during the third quarter valued at approximately $28,000. Parallel Advisors LLC boosted its position in shares of NewJersey Resources by 56.9% in the 3rd quarter. Parallel Advisors LLC now owns 1,001 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 363 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in NewJersey Resources by 259.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 868 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in NewJersey Resources during the 2nd quarter worth approximately $54,000. Finally, CIBC Private Wealth Group LLC raised its stake in NewJersey Resources by 164.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,682 shares of the utilities provider’s stock worth $81,000 after acquiring an additional 1,047 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

NewJersey Resources Company Profile

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.