NewJersey Resources (NYSE:NJR) Updates FY 2026 Earnings Guidance

NewJersey Resources (NYSE:NJR) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.030-3.180 for the period, compared to the consensus estimate of 3.120. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Raymond James Financial restated an “outperform” rating and set a $50.00 price target (up from $49.00) on shares of NewJersey Resources in a research report on Friday, August 8th. Wall Street Zen raised shares of NewJersey Resources from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NewJersey Resources in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.43.

NewJersey Resources Stock Performance

Shares of NYSE:NJR traded down $0.30 during mid-day trading on Wednesday, reaching $46.08. 954,944 shares of the company traded hands, compared to its average volume of 613,035. The company’s 50 day moving average price is $46.29 and its 200-day moving average price is $46.16. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.76 and a quick ratio of 0.48. The firm has a market cap of $4.63 billion, a PE ratio of 11.27 and a beta of 0.67. NewJersey Resources has a 52 week low of $43.46 and a 52 week high of $51.94.

NewJersey Resources (NYSE:NJR) last announced its quarterly earnings results on Wednesday, November 19th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). NewJersey Resources had a net margin of 19.64% and a return on equity of 17.08%. NewJersey Resources has set its FY 2026 guidance at 3.030-3.180 EPS. On average, equities analysts expect that NewJersey Resources will post 3.15 EPS for the current fiscal year.

NewJersey Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, December 12th. NewJersey Resources’s dividend payout ratio (DPR) is presently 46.45%.

Institutional Trading of NewJersey Resources

Several hedge funds have recently modified their holdings of NJR. Measured Wealth Private Client Group LLC acquired a new position in shares of NewJersey Resources during the third quarter valued at about $28,000. Parallel Advisors LLC lifted its position 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 period. EverSource Wealth Advisors LLC grew its stake in NewJersey Resources by 259.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 868 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of NewJersey Resources in the second quarter worth about $54,000. Finally, US Bancorp DE boosted its position in NewJersey Resources by 7.9% in the third quarter. US Bancorp DE now owns 3,127 shares of the utilities provider’s stock valued at $151,000 after buying an additional 228 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

About NewJersey Resources

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets.