NewJersey Resources Corporation (NJR) To Go Ex-Dividend on September 24th

NewJersey Resources Corporation (NYSE:NJR) announced a quarterly dividend on Thursday, September 10th. Investors of record on Thursday, September 24th will be paid a dividend of 0.50 per share by the utilities provider on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Thursday, September 24th. This is a 5.3% increase from NewJersey Resources’s previous quarterly dividend of $0.47.

NewJersey Resources has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 29 years. NewJersey Resources has a payout ratio of 60.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NewJersey Resources to earn $3.41 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 55.7%.

NewJersey Resources Stock Down 0.4%

NewJersey Resources stock opened at $53.12 on Friday. NewJersey Resources has a 1-year low of $43.46 and a 1-year high of $60.86. The company has a market cap of $5.39 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. The company has a current ratio of 0.66, a quick ratio of 0.45 and a debt-to-equity ratio of 1.21. The company has a fifty day simple moving average of $56.12 and a 200 day simple moving average of $55.71.

NewJersey Resources (NYSE:NJR) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. The firm had revenue of $349.18 million for the quarter, compared to analyst estimates of $342.13 million. NewJersey Resources had a return on equity of 14.46% and a net margin of 16.42%.The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.15) EPS. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. Research analysts anticipate that NewJersey Resources will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NewJersey Resources news, COO Patrick Migliaccio sold 3,000 shares of NewJersey Resources stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $55.63, for a total value of $166,890.00. Following the completion of the sale, the chief operating officer owned 32,202 shares in the company, valued at $1,791,397.26. The trade was a 8.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On NewJersey Resources

Several institutional investors have recently made changes to their positions in NJR. Measured Wealth Private Client Group LLC bought a new position in NewJersey Resources during the 3rd quarter worth $28,000. Root Financial Partners LLC grew its holdings in shares of NewJersey Resources by 56.5% during the 1st quarter. Root Financial Partners LLC now owns 526 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 190 shares in the last quarter. Essential Partners LLC grew its holdings in shares of NewJersey Resources by 67.3% during the 2nd quarter. Essential Partners LLC now owns 686 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 276 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of NewJersey Resources by 118.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 933 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 505 shares during the period. Finally, CENTRAL TRUST Co increased its position in shares of NewJersey Resources by 172.7% in the first quarter. CENTRAL TRUST Co now owns 818 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 518 shares during the period. 70.98% of the stock is currently owned by institutional investors.

About NewJersey Resources

New Jersey Resources Corporation (NYSE: NJR) is an energy services holding company based in Wall, New Jersey. Through its subsidiaries, the company provides regulated natural gas distribution, energy management, wholesale energy services, renewable energy development, and natural gas storage and transportation solutions.

Its principal subsidiary, New Jersey Natural Gas, operates a regulated natural gas utility serving residential, commercial, and industrial customers in central and northern New Jersey.