Jupiter Topco LLC Takes $2.54 Million Position in NewJersey Resources Corporation $NJR

Jupiter Topco LLC purchased a new position in NewJersey Resources Corporation (NYSE:NJR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 45,299 shares of the utilities provider’s stock, valued at approximately $2,540,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NewJersey Resources by 6.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,363 shares of the utilities provider’s stock valued at $2,912,000 after buying an additional 3,422 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of NewJersey Resources by 65.7% in the first quarter. NewEdge Advisors LLC now owns 22,214 shares of the utilities provider’s stock valued at $1,090,000 after buying an additional 8,808 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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 in the last quarter. Jane Street Group LLC acquired a new stake in NewJersey Resources during the first quarter worth about $8,907,000. Finally, Invesco Ltd. increased its stake in NewJersey Resources by 14.4% during 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 during the period. Institutional investors own 70.98% of the company’s stock.

NewJersey Resources Trading Down 0.8%

Shares of NJR stock opened at $53.66 on Thursday. The firm has a fifty day moving average of $56.60 and a 200-day moving average of $55.73. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 3.01 and a beta of 0.50. NewJersey Resources Corporation has a 52-week low of $43.46 and a 52-week high of $60.86. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.45 and a current ratio of 0.66.

NewJersey Resources (NYSE:NJR) last issued its 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 for the quarter, compared to analyst estimates of $342.13 million. NewJersey Resources had a net margin of 16.42% and a return on equity of 14.46%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.15) EPS. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. On average, equities research analysts forecast that NewJersey Resources Corporation will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling at NewJersey Resources

In other 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 of the company’s stock, valued at approximately $1,791,397.26. This represents a 8.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on NJR shares. Argus set a $63.00 price target on NewJersey Resources in a report on Wednesday, May 20th. Weiss Ratings lowered NewJersey Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company cut NewJersey Resources from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $63.00 to $61.00 in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, NewJersey Resources has a consensus rating of “Buy” and a consensus price target of $57.83.

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.