NewJersey Resources Corporation $NJR Shares Sold by UBS Group AG

UBS Group AG lowered its position in shares of NewJersey Resources Corporation (NYSE:NJR) by 12.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 529,169 shares of the utilities provider’s stock after selling 73,211 shares during the quarter. UBS Group AG’s holdings in NewJersey Resources were worth $24,405,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in NewJersey Resources in the third quarter valued at $28,000. Bessemer Group Inc. boosted its stake in NewJersey Resources by 60.1% in the third quarter. Bessemer Group Inc. now owns 613 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 230 shares in the last quarter. Parallel Advisors LLC boosted its stake in NewJersey Resources by 56.9% in the third quarter. Parallel Advisors LLC now owns 1,001 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 363 shares in the last quarter. Neo Ivy Capital Management acquired a new position in NewJersey Resources in the third quarter valued at $48,000. Finally, EverSource Wealth Advisors LLC boosted its stake in NewJersey Resources by 259.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 868 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

NewJersey Resources Price Performance

Shares of NYSE:NJR opened at $55.53 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 1.24. The company has a market cap of $5.60 billion, a P/E ratio of 16.48 and a beta of 0.51. NewJersey Resources Corporation has a 52 week low of $43.46 and a 52 week high of $57.85. The company has a 50-day moving average price of $55.13 and a 200 day moving average price of $50.33.

NewJersey Resources (NYSE:NJR) last announced its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.31. The firm had revenue of $939.40 million during the quarter, compared to the consensus estimate of $849.95 million. NewJersey Resources had a net margin of 15.67% and a return on equity of 14.58%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 earnings per share. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. Research analysts predict that NewJersey Resources Corporation will post 3.5 earnings per share for the current year.

NewJersey Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.90 dividend on an annualized basis and a yield of 3.4%. NewJersey Resources’s dividend payout ratio (DPR) is 56.38%.

Insider Transactions at NewJersey Resources

In other NewJersey Resources news, CFO Roberto Bel sold 6,105 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $55.10, for a total value of $336,385.50. Following the completion of the transaction, the chief financial officer directly owned 19,780 shares of the company’s stock, valued at approximately $1,089,878. This trade represents a 23.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Richard Reich sold 5,449 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $52.99, for a total transaction of $288,742.51. Following the completion of the transaction, the senior vice president directly owned 26,975 shares of the company’s stock, valued at approximately $1,429,405.25. This trade represents a 16.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on NJR shares. Mizuho upped their price objective on shares of NewJersey Resources from $54.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Weiss Ratings upgraded shares of NewJersey Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Williams Trading set a $55.00 target price on shares of NewJersey Resources in a research note on Tuesday, February 3rd. Wall Street Zen upgraded shares of NewJersey Resources from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of NewJersey Resources in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $54.80.

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.