Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $9.85 Million Stock Holdings in NewJersey Resources Corporation $NJR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in NewJersey Resources Corporation (NYSE:NJR) by 613.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 179,425 shares of the utilities provider’s stock after acquiring an additional 154,288 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NewJersey Resources were worth $9,854,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NJR. PNC Financial Services Group Inc. raised its stake in NewJersey Resources by 29.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 46,535 shares of the utilities provider’s stock worth $2,146,000 after buying an additional 10,666 shares during the period. SG Americas Securities LLC grew its stake in NewJersey Resources by 1,989.9% in the fourth quarter. SG Americas Securities LLC now owns 166,003 shares of the utilities provider’s stock valued at $7,656,000 after acquiring an additional 158,060 shares during the period. World Investment Advisors bought a new stake in shares of NewJersey Resources during the fourth quarter valued at approximately $1,924,000. JPMorgan Chase & Co. increased its holdings in shares of NewJersey Resources by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 687,125 shares of the utilities provider’s stock valued at $33,085,000 after acquiring an additional 17,035 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of NewJersey Resources during the fourth quarter worth approximately $60,075,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NJR shares. Argus set a $63.00 price objective on shares of NewJersey Resources in a research note on Wednesday, May 20th. Weiss Ratings raised shares of NewJersey Resources from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 27th. Mizuho upped their target price on shares of NewJersey Resources from $54.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Finally, Wells Fargo & Company started coverage on shares of NewJersey Resources in a report on Tuesday, May 12th. They issued an “overweight” rating and a $63.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $58.17.

NewJersey Resources Trading Up 1.4%

NYSE NJR opened at $59.18 on Tuesday. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 17.56 and a beta of 0.50. NewJersey Resources Corporation has a one year low of $43.46 and a one year high of $59.46. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.80. The business’s fifty day moving average is $56.20 and its 200-day moving average is $53.67.

NewJersey Resources (NYSE:NJR) last released its earnings results on Monday, May 4th. The utilities provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.31. NewJersey Resources had a net margin of 15.67% and a return on equity of 14.58%. The firm had revenue of $939.40 million during the quarter, compared to the consensus estimate of $849.95 million. During the same period in the prior year, the firm earned $1.78 EPS. The company’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. Equities research analysts predict that NewJersey Resources Corporation will post 3.57 EPS for the current year.

NewJersey Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Wednesday, June 10th. NewJersey Resources’s dividend payout ratio (DPR) is currently 56.38%.

Insiders Place Their Bets

In other news, COO Patrick J. Migliaccio sold 3,000 shares of NewJersey Resources 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 $1,965,679.68. This trade represents a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jane M. Kenny sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $56.10, for a total transaction of $448,800.00. Following the completion of the sale, the director directly owned 21,998 shares in the company, valued at approximately $1,234,087.80. This trade represents a 26.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,150 shares of company stock worth $682,261 over the last quarter. 0.70% of the stock is currently owned by company insiders.

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.