Dimensional Fund Advisors LP Has $227.45 Million Stock Holdings in NewJersey Resources Corporation $NJR

Dimensional Fund Advisors LP lifted its position in NewJersey Resources Corporation (NYSE:NJR) by 5.3% during the 1st quarter, Holdings Channel reports. The firm owned 4,141,330 shares of the utilities provider’s stock after buying an additional 207,165 shares during the quarter. Dimensional Fund Advisors LP’s holdings in NewJersey Resources were worth $227,447,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 last quarter. NewEdge Advisors LLC grew its stake in NewJersey Resources by 65.7% during the first 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in NewJersey Resources by 10.1% during 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 worth $15,705,000 after buying an additional 29,458 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of NewJersey Resources during the first quarter worth approximately $8,907,000. Finally, Invesco Ltd. increased its holdings in shares of NewJersey Resources by 14.4% during the second quarter. Invesco Ltd. now owns 465,923 shares of the utilities provider’s stock worth $20,883,000 after buying an additional 58,795 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

NewJersey Resources Trading Up 0.9%

Shares of NYSE NJR opened at $59.38 on Friday. NewJersey Resources Corporation has a 1-year low of $43.46 and a 1-year high of $60.69. The company has a 50-day moving average of $56.60 and a two-hundred day moving average of $54.37. The company has a market cap of $5.99 billion, a PE ratio of 17.62 and a beta of 0.50. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 1.24.

NewJersey Resources (NYSE:NJR) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.20 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 business had revenue of $939.40 million for the quarter, compared to analysts’ expectations of $849.95 million. During the same period in the prior year, the firm earned $1.78 earnings per share. NewJersey Resources’s revenue was up 2.9% compared to the same quarter last year. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. As a group, equities analysts expect that NewJersey Resources Corporation will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling at NewJersey Resources

In other news, insider Christopher T. D’antuono sold 1,150 shares of the company’s stock in a transaction 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. This represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Patrick J. Migliaccio sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were 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. This represents a 7.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 12,150 shares of company stock worth $682,261. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

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