NewJersey Resources Corporation $NJR Holdings Trimmed by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in NewJersey Resources Corporation (NYSE:NJR) by 5.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 275,561 shares of the utilities provider’s stock after selling 15,072 shares during the quarter. California Public Employees Retirement System’s holdings in NewJersey Resources were worth $15,134,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in NewJersey Resources by 6.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,363 shares of the utilities provider’s stock valued at $2,912,000 after purchasing an additional 3,422 shares during the period. NewEdge Advisors LLC raised its stake in shares of NewJersey Resources by 65.7% during the 1st quarter. NewEdge Advisors LLC now owns 22,214 shares of the utilities provider’s stock worth $1,090,000 after purchasing an additional 8,808 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in NewJersey Resources by 10.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 320,113 shares of the utilities provider’s stock valued at $15,705,000 after acquiring an additional 29,458 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of NewJersey Resources in the 1st quarter valued at $8,907,000. Finally, Invesco Ltd. boosted its stake in shares of NewJersey Resources by 14.4% during the 2nd quarter. Invesco Ltd. now owns 465,923 shares of the utilities provider’s stock worth $20,883,000 after acquiring an additional 58,795 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

NewJersey Resources Stock Performance

NJR stock opened at $59.38 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 1.24. NewJersey Resources Corporation has a twelve month low of $43.46 and a twelve month high of $60.69. The company has a market cap of $5.99 billion, a P/E ratio of 17.62 and a beta of 0.50. The business’s fifty day moving average is $56.60 and its 200-day moving average is $54.37.

NewJersey Resources (NYSE:NJR) last announced its quarterly 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 net margin of 15.67% and a return on equity of 14.58%. The company had revenue of $939.40 million during the quarter, compared to analyst estimates of $849.95 million. During the same quarter in the previous year, the business earned $1.78 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. Equities research analysts forecast that NewJersey Resources Corporation will post 3.58 EPS for the current year.

Insider Buying and Selling

In other NewJersey Resources news, insider Christopher T. D’antuono sold 1,150 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $57.34, for a total transaction of $65,941.00. Following the transaction, the insider owned 2,985 shares of the company’s stock, valued at $171,159.90. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jane M. Kenny sold 8,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $56.10, for a total transaction of $448,800.00. Following the completion of the transaction, the director directly owned 21,998 shares in the company, valued at $1,234,087.80. The trade was a 26.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 12,150 shares of company stock worth $682,261. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.