NewJersey Resources (NYSE:NJR) Updates FY 2026 Earnings Guidance

NewJersey Resources (NYSE:NJR) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided earnings per share guidance of 3.480-3.630 for the period, compared to the consensus earnings per share estimate of 3.370. The company issued revenue guidance of -.

NewJersey Resources Stock Performance

NJR traded up $0.10 during trading on Tuesday, hitting $56.20. The company’s stock had a trading volume of 167,643 shares, compared to its average volume of 542,320. The company has a quick ratio of 0.58, a current ratio of 0.83 and a debt-to-equity ratio of 1.32. NewJersey Resources has a one year low of $43.46 and a one year high of $57.85. The firm has a market cap of $5.67 billion, a PE ratio of 17.41 and a beta of 0.51. The business’s 50 day simple moving average is $55.01 and its 200-day simple moving average is $50.14.

NewJersey Resources (NYSE:NJR) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.31. NewJersey Resources had a net margin of 15.18% and a return on equity of 13.06%. The business had revenue of $939.40 million for the quarter, compared to the consensus estimate of $849.95 million. During the same period last year, the firm earned $1.78 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. As a group, sell-side analysts predict that NewJersey Resources will post 3.39 EPS for the current fiscal year.

NewJersey Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be given a $0.475 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.90 annualized dividend and a yield of 3.4%. NewJersey Resources’s dividend payout ratio (DPR) is presently 58.82%.

Wall Street Analyst Weigh In

NJR has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of NewJersey Resources from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. 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. Williams Trading set a $55.00 price objective on shares of NewJersey Resources in a research report on Tuesday, February 3rd. Argus upgraded shares of NewJersey Resources to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Raymond James Financial restated an “outperform” rating on shares of NewJersey Resources in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, NewJersey Resources has a consensus rating of “Buy” and an average price target of $54.50.

Insider Buying and Selling at NewJersey Resources

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

Hedge Funds Weigh In On NewJersey Resources

Institutional investors have recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC purchased a new position in NewJersey Resources during the third quarter valued at $28,000. Smartleaf Asset Management LLC grew its stake in NewJersey Resources by 118.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 933 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 505 shares in the last quarter. Parallel Advisors LLC grew its stake in NewJersey Resources by 56.9% during the third quarter. Parallel Advisors LLC now owns 1,001 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 363 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake 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 valued at $54,000 after acquiring an additional 868 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new position in NewJersey Resources during the second quarter valued at $54,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

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.