Tudor Investment Corp ET AL Has $2.84 Million Stake in NewJersey Resources Corporation $NJR

Tudor Investment Corp ET AL lowered its position in shares of NewJersey Resources Corporation (NYSE:NJR) by 81.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,974 shares of the utilities provider’s stock after selling 255,349 shares during the quarter. Tudor Investment Corp ET AL owned about 0.06% of NewJersey Resources worth $2,840,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NJR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of NewJersey Resources by 6.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,363 shares of the utilities provider’s stock valued at $2,912,000 after purchasing an additional 3,422 shares during the period. NewEdge Advisors LLC grew its stake in NewJersey Resources by 65.7% during the first quarter. NewEdge Advisors LLC now owns 22,214 shares of the utilities provider’s stock worth $1,090,000 after purchasing an additional 8,808 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in NewJersey Resources by 10.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 320,113 shares of the utilities provider’s stock worth $15,705,000 after purchasing an additional 29,458 shares in the last quarter. Jane Street Group LLC bought a new stake in NewJersey Resources in the first quarter worth approximately $8,907,000. Finally, Creative Planning lifted its stake in NewJersey Resources by 8.5% in the second quarter. Creative Planning now owns 25,583 shares of the utilities provider’s stock valued at $1,147,000 after buying an additional 2,009 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

NewJersey Resources Trading Down 0.2%

Shares of NewJersey Resources stock opened at $54.56 on Friday. The stock has a market capitalization of $5.50 billion, a PE ratio of 16.89 and a beta of 0.57. NewJersey Resources Corporation has a 52 week low of $43.46 and a 52 week high of $55.49. The stock has a 50 day moving average price of $52.62 and a two-hundred day moving average price of $48.58. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.58 and a current ratio of 0.83.

NewJersey Resources (NYSE:NJR) last issued its earnings results on Monday, February 2nd. The utilities provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. NewJersey Resources had a return on equity of 13.06% and a net margin of 15.18%.The company had revenue of $604.85 million for the quarter, compared to analyst estimates of $546.90 million. During the same period in the prior year, the firm earned $1.29 earnings per share. NewJersey Resources’s revenue for the quarter was up 23.8% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.280-3.43 EPS. As a group, equities analysts anticipate that NewJersey Resources Corporation will post 3.15 earnings per share for the current fiscal year.

NewJersey Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, March 11th. NewJersey Resources’s dividend payout ratio (DPR) is 58.82%.

Wall Street Analyst Weigh In

NJR has been the subject of several recent analyst reports. Raymond James Financial reaffirmed an “outperform” rating on shares of NewJersey Resources in a research report on Tuesday, February 3rd. Weiss Ratings upgraded shares of NewJersey Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. Wall Street Zen raised shares of NewJersey Resources from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. New Street Research set a $54.00 price target on shares of NewJersey Resources in a report on Wednesday, December 17th. Finally, Argus raised shares of NewJersey Resources to a “strong-buy” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, NewJersey Resources currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

Insider Transactions at NewJersey Resources

In other news, CFO Roberto Bel sold 6,105 shares of NewJersey Resources stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $55.10, for a total transaction of $336,385.50. Following the completion of the transaction, the chief financial officer directly owned 19,780 shares in the company, valued at $1,089,878. This trade represents a 23.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Richard Reich sold 5,449 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $52.99, for a total transaction of $288,742.51. Following the sale, the senior vice president directly owned 26,975 shares of the company’s stock, valued at approximately $1,429,405.25. The trade was a 16.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.70% of the stock is owned by company insiders.

About NewJersey Resources

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.