NewJersey Resources (NYSE:NJR) Posts Earnings Results, Beats Estimates By $0.22 EPS

NewJersey Resources (NYSE:NJR) issued its earnings results on Monday. The utilities provider reported $1.17 EPS for the quarter, beating the consensus estimate of $0.95 by $0.22, FiscalAI reports. NewJersey Resources had a return on equity of 13.12% and a net margin of 15.18%.The company had revenue of $604.85 million during the quarter, compared to the consensus estimate of $546.90 million. During the same period last year, the business posted $1.29 EPS. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. NewJersey Resources updated its FY 2026 guidance to 3.280-3.43 EPS.

NewJersey Resources Stock Performance

Shares of NJR stock opened at $51.69 on Wednesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.73 and a quick ratio of 0.40. The firm has a 50-day moving average of $47.02 and a 200-day moving average of $46.72. NewJersey Resources has a one year low of $43.46 and a one year high of $52.31. The company has a market cap of $5.21 billion, a P/E ratio of 16.00 and a beta of 0.60.

NewJersey Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.475 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $1.90 annualized dividend and a dividend yield of 3.7%. NewJersey Resources’s dividend payout ratio is currently 57.06%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Mizuho raised NewJersey Resources from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $51.00 to $54.00 in a research note on Wednesday, December 17th. Wall Street Zen downgraded shares of NewJersey Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. Argus upgraded shares of NewJersey Resources to a “strong-buy” rating in a research note on Thursday, January 22nd. New Street Research set a $54.00 price objective on shares of NewJersey Resources in a research note on Wednesday, December 17th. Finally, Williams Trading set a $55.00 price objective on shares of NewJersey Resources in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.13.

Insider Transactions at NewJersey Resources

In other NewJersey Resources news, COO Patrick J. Migliaccio sold 4,017 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $46.46, for a total value of $186,629.82. Following the completion of the sale, the chief operating officer owned 38,065 shares in the company, valued at approximately $1,768,499.90. This trade represents a 9.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On NewJersey Resources

A number of hedge funds have recently modified their holdings of the stock. Northern Trust Corp grew its holdings in NewJersey Resources by 1.1% during the third quarter. Northern Trust Corp now owns 1,335,344 shares of the utilities provider’s stock valued at $64,297,000 after purchasing an additional 14,512 shares during the period. Energy Income Partners LLC grew its stake in shares of NewJersey Resources by 19.1% during the 3rd quarter. Energy Income Partners LLC now owns 951,527 shares of the utilities provider’s stock worth $45,816,000 after acquiring an additional 152,866 shares during the period. Qube Research & Technologies Ltd raised its stake in NewJersey Resources by 77.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 730,300 shares of the utilities provider’s stock valued at $32,732,000 after acquiring an additional 317,932 shares during the period. Millennium Management LLC lifted its holdings 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 during the last quarter. Finally, Invesco Ltd. boosted its position in NewJersey Resources by 4.7% during the third quarter. Invesco Ltd. now owns 487,825 shares of the utilities provider’s stock worth $23,489,000 after purchasing an additional 21,902 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.