Alchemi Wealth LLC Purchases New Stake in NewJersey Resources Corporation $NJR

Alchemi Wealth LLC purchased a new stake in NewJersey Resources Corporation (NYSE:NJR) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,514 shares of the utilities provider’s stock, valued at approximately $992,000.

Several other institutional investors have also recently bought and sold shares of the business. Measured Wealth Private Client Group LLC bought a new stake in shares of NewJersey Resources during the third quarter worth about $28,000. Bessemer Group Inc. grew its holdings in NewJersey Resources by 60.1% during the 3rd quarter. Bessemer Group Inc. now owns 613 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 230 shares during the last quarter. Torren Management LLC bought a new stake in NewJersey Resources during the 4th quarter worth approximately $35,000. Parallel Advisors LLC grew its holdings in NewJersey Resources by 56.9% during the 3rd quarter. Parallel Advisors LLC now owns 1,001 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 363 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in NewJersey Resources during the 3rd quarter worth approximately $48,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

NewJersey Resources Trading Up 1.1%

Shares of NewJersey Resources stock opened at $55.07 on Friday. NewJersey Resources Corporation has a 1 year low of $43.46 and a 1 year high of $58.57. The firm has a market cap of $5.56 billion, a PE ratio of 16.34 and a beta of 0.50. The stock has a fifty day moving average price of $56.01 and a 200-day moving average price of $52.15. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.80.

NewJersey Resources (NYSE:NJR) last announced its earnings results on Monday, May 4th. The utilities provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.31. NewJersey Resources had a return on equity of 14.58% and a net margin of 15.67%.The firm had revenue of $939.40 million during the quarter, compared to analyst estimates of $849.95 million. During the same period last year, the firm posted $1.78 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. Equities research analysts anticipate that NewJersey Resources Corporation will post 3.52 EPS for the current year.

NewJersey Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, June 10th. NewJersey Resources’s dividend payout ratio (DPR) is 56.38%.

Analysts Set New Price Targets

NJR has been the topic of a number of research reports. Mizuho boosted their target price on shares of NewJersey Resources from $54.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Wells Fargo & Company started coverage on NewJersey Resources in a report on Tuesday, May 12th. They issued an “overweight” rating and a $63.00 target price on the stock. Weiss Ratings upgraded NewJersey Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 27th. Finally, Argus set a $63.00 target price on NewJersey Resources in a report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $58.17.

Insider Buying and Selling

In other news, SVP Richard Reich sold 5,449 shares of NewJersey Resources stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $52.99, for a total transaction of $288,742.51. Following the completion of the sale, the senior vice president owned 26,975 shares in the company, valued at approximately $1,429,405.25. This trade represents a 16.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Roberto Bel sold 6,105 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $55.10, for a total value of $336,385.50. Following the transaction, the chief financial officer directly owned 19,780 shares in the company, valued at approximately $1,089,878. This represents a 23.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 23,704 shares of company stock valued at $1,307,389 in the last three months. Insiders own 0.70% of the company’s stock.

NewJersey Resources 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.