Capstone Investment Advisors LLC Invests $852,000 in NewJersey Resources Corporation $NJR

Capstone Investment Advisors LLC bought a new stake in NewJersey Resources Corporation (NYSE:NJR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,195 shares of the utilities provider’s stock, valued at approximately $852,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Measured Wealth Private Client Group LLC acquired a new position in NewJersey Resources during the third quarter worth about $28,000. Root Financial Partners LLC raised its holdings in NewJersey Resources by 56.5% in the 1st quarter. Root Financial Partners LLC now owns 526 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 190 shares during the last quarter. Torren Management LLC acquired a new stake in NewJersey Resources in the 4th quarter valued at about $35,000. Essential Partners LLC lifted its stake in NewJersey Resources by 67.3% in the 2nd quarter. Essential Partners LLC now owns 686 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 276 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in NewJersey Resources by 118.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 933 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 505 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered NewJersey Resources from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $63.00 to $61.00 in a research report on Wednesday, August 5th. Argus set a $63.00 price objective on NewJersey Resources in a research report on Wednesday, May 20th. Finally, Weiss Ratings lowered NewJersey Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $57.83.

NewJersey Resources Price Performance

Shares of NJR stock opened at $53.49 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.66 and a quick ratio of 0.45. The company has a market capitalization of $5.43 billion, a PE ratio of 14.78 and a beta of 0.50. The firm’s 50-day moving average is $56.73 and its two-hundred day moving average is $55.69. NewJersey Resources Corporation has a 12 month low of $43.46 and a 12 month high of $60.86.

NewJersey Resources (NYSE:NJR) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The business had revenue of $349.18 million during the quarter, compared to analysts’ expectations of $342.13 million. NewJersey Resources had a net margin of 16.42% and a return on equity of 14.46%. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.15) EPS. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. Analysts predict that NewJersey Resources Corporation will post 3.59 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Patrick J. Migliaccio sold 3,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $55.63, for a total value of $166,890.00. Following the completion of the transaction, the chief operating officer directly owned 32,202 shares in the company, valued at approximately $1,791,397.26. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

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.