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

NewJersey Resources (NYSE:NJR) updated its FY 2026 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 3.520-3.620 for the period, compared to the consensus estimate of 3.500. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

NJR has been the subject of several recent research reports. Weiss Ratings upgraded NewJersey Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 27th. Mizuho increased their target price on NewJersey Resources from $54.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Argus set a $63.00 price objective on NewJersey Resources in a report on Wednesday, May 20th. Finally, Wells Fargo & Company assumed coverage on NewJersey Resources in a research report on Tuesday, May 12th. They set an “overweight” rating and a $63.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat, NewJersey Resources currently has an average rating of “Buy” and a consensus price target of $58.17.

NewJersey Resources Stock Performance

Shares of NJR opened at $57.47 on Wednesday. NewJersey Resources has a 52 week low of $43.46 and a 52 week high of $60.86. The stock has a market cap of $5.80 billion, a P/E ratio of 17.05 and a beta of 0.50. The business’s 50 day moving average price is $56.82 and its 200-day moving average price is $55.07. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 1.24.

NewJersey Resources (NYSE:NJR) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. The company had revenue of $349.18 million for the quarter, compared to analysts’ expectations of $342.13 million. NewJersey Resources had a return on equity of 14.66% and a net margin of 16.42%.NewJersey Resources’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.15) earnings per share. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. Equities research analysts anticipate that NewJersey Resources will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Christopher T. D’antuono sold 1,150 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $57.34, for a total transaction of $65,941.00. Following the completion of the sale, the insider directly owned 2,985 shares in the company, valued at approximately $171,159.90. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Patrick J. Migliaccio sold 3,000 shares of NewJersey Resources stock in a transaction on Monday, May 11th. The stock was sold at an average price of $55.84, for a total transaction of $167,520.00. Following the transaction, the chief operating officer owned 35,202 shares in the company, valued at $1,965,679.68. This represents a 7.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 12,150 shares of company stock valued at $682,261 over the last 90 days. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NJR. Millennium Management LLC raised its stake in NewJersey Resources by 895.7% during the third quarter. Millennium Management LLC now owns 677,352 shares of the utilities provider’s stock valued at $32,614,000 after purchasing an additional 609,323 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in NewJersey Resources by 10.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,934,165 shares of the utilities provider’s stock valued at $181,446,000 after buying an additional 367,844 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in NewJersey Resources by 77.1% during the second quarter. Qube Research & Technologies Ltd now owns 730,300 shares of the utilities provider’s stock valued at $32,732,000 after buying an additional 317,932 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in NewJersey Resources during the third quarter worth $13,351,000. Finally, AQR Capital Management LLC increased its holdings in shares of NewJersey Resources by 43.5% in the 4th quarter. AQR Capital Management LLC now owns 787,628 shares of the utilities provider’s stock valued at $36,325,000 after acquiring an additional 238,889 shares during the period. Institutional investors own 70.98% of the company’s stock.

NewJersey Resources Company 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.