State of Wisconsin Investment Board maintained its position in New Jersey Resources Corp. (NYSE:NJR) during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 120,320 shares of the company’s stock at the end of the third quarter. State of Wisconsin Investment Board owned about 0.14% of New Jersey Resources Corp. worth $3,954,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in shares of New Jersey Resources Corp. by 92.9% in the second quarter. Janney Montgomery Scott LLC now owns 104,824 shares of the company’s stock valued at $4,040,000 after buying an additional 50,469 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of New Jersey Resources Corp. by 937.1% in the second quarter. BNP Paribas Arbitrage SA now owns 44,718 shares of the company’s stock valued at $1,724,000 after buying an additional 40,406 shares during the last quarter. Channing Capital Management LLC boosted its stake in shares of New Jersey Resources Corp. by 10.1% in the second quarter. Channing Capital Management LLC now owns 145,551 shares of the company’s stock valued at $5,611,000 after buying an additional 13,355 shares during the last quarter. Confluence Investment Management LLC boosted its stake in shares of New Jersey Resources Corp. by 5.8% in the second quarter. Confluence Investment Management LLC now owns 301,618 shares of the company’s stock valued at $11,627,000 after buying an additional 16,583 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of New Jersey Resources Corp. by 7.0% in the second quarter. Mutual of America Capital Management LLC now owns 62,502 shares of the company’s stock valued at $2,409,000 after buying an additional 4,113 shares during the last quarter. Institutional investors and hedge funds own 60.49% of the company’s stock.

Institutional Ownership by Quarter for New Jersey Resources Corp. (NYSE:NJR)

New Jersey Resources Corp. (NYSE:NJR) traded up 0.72% during mid-day trading on Monday, reaching $35.00. The company’s stock had a trading volume of 356,017 shares. The stock has a market capitalization of $3.01 billion, a P/E ratio of 23.03 and a beta of 0.38. New Jersey Resources Corp. has a 1-year low of $28.02 and a 1-year high of $38.92. The stock’s 50 day moving average price is $33.09 and its 200 day moving average price is $34.92.

New Jersey Resources Corp. (NYSE:NJR) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.03. New Jersey Resources Corp. had a net margin of 6.91% and a return on equity of 11.54%. The company had revenue of $469.24 million for the quarter, compared to analysts’ expectations of $449.98 million. During the same period in the prior year, the firm earned $0.05 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that New Jersey Resources Corp. will post $1.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.255 per share. The ex-dividend date is Tuesday, December 13th. This is a boost from New Jersey Resources Corp.’s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a dividend yield of 2.91%. New Jersey Resources Corp.’s payout ratio is currently 64.43%.

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Several brokerages have recently issued reports on NJR. Zacks Investment Research cut New Jersey Resources Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, November 22nd. Guggenheim began coverage on New Jersey Resources Corp. in a research note on Thursday, November 3rd. They issued a “buy” rating and a $36.00 price objective on the stock. Argus reiterated a “buy” rating and issued a $42.00 price objective on shares of New Jersey Resources Corp. in a research note on Friday, September 16th. Finally, TheStreet cut New Jersey Resources Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 31st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. New Jersey Resources Corp. currently has an average rating of “Hold” and a consensus price target of $37.10.

About New Jersey Resources Corp.

New Jersey Resources Corporation (NJR) is an energy services holding company that provides retail and wholesale energy services to customers primarily in the Gulf Coast, Mid-Continent, Appalachian, Northeastern, and Western market areas of the United States, as well as Canada. The Company operates within four reportable business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream (formerly Energy Holdings).

5 Day Chart for NYSE:NJR

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