World Investment Advisors Purchases Shares of 41,715 NewJersey Resources Corporation $NJR

World Investment Advisors purchased a new position in NewJersey Resources Corporation (NYSE:NJR) in the fourth quarter, HoldingsChannel reports. The firm purchased 41,715 shares of the utilities provider’s stock, valued at approximately $1,924,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 increased its stake in NewJersey Resources by 65.7% in the 1st quarter. NewEdge Advisors LLC now owns 22,214 shares of the utilities provider’s stock worth $1,090,000 after buying an additional 8,808 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in NewJersey Resources by 10.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 320,113 shares of the utilities provider’s stock worth $15,705,000 after buying an additional 29,458 shares in the last quarter. Jane Street Group LLC bought a new stake in NewJersey Resources during the first quarter valued at about $8,907,000. Finally, Invesco Ltd. lifted its position in shares of NewJersey Resources by 14.4% in the second quarter. Invesco Ltd. now owns 465,923 shares of the utilities provider’s stock valued at $20,883,000 after acquiring an additional 58,795 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

NewJersey Resources Price Performance

NJR stock opened at $54.74 on Friday. NewJersey Resources Corporation has a 52 week low of $43.46 and a 52 week high of $58.57. The firm has a market capitalization of $5.52 billion, a P/E ratio of 16.24 and a beta of 0.50. The company has a fifty day simple moving average of $55.86 and a two-hundred day simple moving average of $52.38. 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 (NYSE:NJR) last posted its earnings results on Monday, May 4th. The utilities provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.31. The firm had revenue of $939.40 million for the quarter, compared to the consensus estimate of $849.95 million. NewJersey Resources had a net margin of 15.67% and a return on equity of 14.58%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 EPS. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. Analysts anticipate that NewJersey Resources Corporation will post 3.57 earnings per share for the current fiscal year.

NewJersey Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, June 10th. NewJersey Resources’s payout ratio is presently 56.38%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at NewJersey Resources

In other news, 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 in the company, valued at approximately $1,965,679.68. The trade was a 7.85% 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, insider Christopher T. D’antuono sold 1,150 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $57.34, for a total value of $65,941.00. Following the transaction, the insider directly owned 2,985 shares in the company, valued at approximately $171,159.90. This represents a 27.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,150 shares of company stock worth $682,261 over the last ninety 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.