Squarepoint Ops LLC Buys 96,195 Shares of NewJersey Resources Corporation $NJR

Squarepoint Ops LLC increased its stake in shares of NewJersey Resources Corporation (NYSE:NJR) by 348.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,816 shares of the utilities provider’s stock after acquiring an additional 96,195 shares during the period. Squarepoint Ops LLC owned about 0.12% of NewJersey Resources worth $5,549,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. raised its stake in shares of NewJersey Resources by 153.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 754 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 456 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in NewJersey Resources by 259.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the utilities provider’s stock worth $54,000 after buying an additional 868 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in NewJersey Resources during the second quarter worth $54,000. IFP Advisors Inc lifted its stake in NewJersey Resources by 23.1% in the second quarter. IFP Advisors Inc now owns 1,504 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 282 shares during the last quarter. Finally, Brooklyn Investment Group grew its position in shares of NewJersey Resources by 1,715.4% in the 1st quarter. Brooklyn Investment Group now owns 1,416 shares of the utilities provider’s stock valued at $69,000 after acquiring an additional 1,338 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NJR. Raymond James Financial reiterated an “outperform” rating and issued a $53.00 target price on shares of NewJersey Resources in a research note on Thursday, November 20th. Weiss Ratings lowered NewJersey Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Wall Street Zen downgraded NewJersey Resources from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $51.86.

NewJersey Resources Price Performance

Shares of NYSE NJR opened at $45.82 on Monday. The business has a fifty day moving average price of $46.10 and a two-hundred day moving average price of $46.15. The stock has a market capitalization of $4.62 billion, a PE ratio of 13.76 and a beta of 0.61. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.73 and a quick ratio of 0.40. NewJersey Resources Corporation has a fifty-two week low of $43.46 and a fifty-two week high of $50.76.

NewJersey Resources (NYSE:NJR) last posted its quarterly earnings results on Wednesday, November 19th. The utilities provider reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $336.08 million during the quarter, compared to the consensus estimate of $307.30 million. NewJersey Resources had a return on equity of 13.73% and a net margin of 16.48%.NewJersey Resources’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 earnings per share. NewJersey Resources has set its FY 2026 guidance at 3.030-3.180 EPS. As a group, equities analysts predict that NewJersey Resources Corporation will post 3.15 earnings per share for the current fiscal year.

NewJersey Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, December 12th. NewJersey Resources’s dividend payout ratio is currently 57.06%.

NewJersey Resources Profile

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets.