NewJersey Resources (NJR) – Analysts’ Weekly Ratings Updates

NewJersey Resources (NYSE: NJR) recently received a number of ratings updates from brokerages and research firms:

• 9/14/2026 – NewJersey Resources was given a new $68.00 price target by New Street Research.
• 9/14/2026 – NewJersey Resources is now covered by Huntington. They set an “outperform” rating and a $68.00 price target on the stock.
• 9/12/2026 – NewJersey Resources was downgraded by Wall Street Zen from “hold” to “sell”.
• 9/11/2026 – NewJersey Resources had its price target lowered by JPMorgan Chase & Co. from $64.00 to $63.00. They now have an “overweight” rating on the stock.
• 8/6/2026 – NewJersey Resources was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.
• 8/5/2026 – NewJersey Resources was downgraded by Wells Fargo & Company from “overweight” to “equal weight”. They now have a $61.00 price target on the stock, down from $63.00.

NewJersey Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 24th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. This is a positive change from NewJersey Resources’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, September 24th. NewJersey Resources’s payout ratio is presently 52.49%.

Insider Activity at NewJersey Resources

In other news, COO Patrick Migliaccio sold 3,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $55.63, for a total transaction of $166,890.00. Following the sale, the chief operating officer owned 32,202 shares of the company’s stock, valued at approximately $1,791,397.26. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by company insiders.

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.