Mutual of America Capital Management LLC raised its position in New Jersey Resources Corp. (NYSE:NJR) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,819 shares of the company’s stock after buying an additional 2,317 shares during the period. Mutual of America Capital Management LLC’s holdings in New Jersey Resources Corp. were worth $2,130,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NJR. AMP Capital Investors Ltd increased its position in shares of New Jersey Resources Corp. by 3.4% in the first quarter. AMP Capital Investors Ltd now owns 48,292 shares of the company’s stock worth $1,755,000 after buying an additional 1,600 shares in the last quarter. Legal & General Group Plc boosted its position in shares of New Jersey Resources Corp. by 0.4% in the first quarter. Legal & General Group Plc now owns 61,317 shares of the company’s stock worth $2,224,000 after buying an additional 245 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of New Jersey Resources Corp. by 7.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 7,820 shares of the company’s stock worth $285,000 after buying an additional 550 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of New Jersey Resources Corp. by 125.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 135,737 shares of the company’s stock worth $4,945,000 after buying an additional 75,547 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of New Jersey Resources Corp. by 937.1% in the second quarter. BNP Paribas Arbitrage SA now owns 44,718 shares of the company’s stock worth $1,724,000 after buying an additional 40,406 shares during the last quarter. Institutional investors own 60.49% of the company’s stock.

Institutional Ownership by Quarter for New Jersey Resources Corp. (NYSE:NJR)

New Jersey Resources Corp. (NYSE:NJR) traded up 0.86% during midday trading on Tuesday, hitting $35.30. The company had a trading volume of 464,143 shares. The stock’s 50-day moving average price is $33.19 and its 200-day moving average price is $34.88. New Jersey Resources Corp. has a 52-week low of $28.02 and a 52-week high of $38.92. The stock has a market cap of $3.04 billion, a PE ratio of 23.22 and a beta of 0.38.

New Jersey Resources Corp. (NYSE:NJR) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.03. New Jersey Resources Corp. had a net margin of 6.91% and a return on equity of 11.54%. The business earned $469.24 million during the quarter, compared to analysts’ expectations of $449.98 million. During the same period in the prior year, the firm posted $0.05 EPS. New Jersey Resources Corp.’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts expect that New Jersey Resources Corp. will post $1.79 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Tuesday, December 13th. This is a positive change from New Jersey Resources Corp.’s previous quarterly dividend of $0.24. New Jersey Resources Corp.’s payout ratio is currently 64.43%.

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NJR has been the subject of a number of research analyst reports. Zacks Investment Research raised New Jersey Resources Corp. from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Wednesday, November 16th. Guggenheim initiated coverage on New Jersey Resources Corp. in a report on Thursday, November 3rd. They set a “buy” rating and a $36.00 target price for the company. Argus reissued a “buy” rating and set a $42.00 target price on shares of New Jersey Resources Corp. in a report on Friday, September 16th. Finally, TheStreet cut New Jersey Resources Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 31st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $37.10.

About New Jersey Resources Corp.

New Jersey Resources Corporation (NJR) is an energy services holding company that provides retail and wholesale energy services to customers primarily in the Gulf Coast, Mid-Continent, Appalachian, Northeastern, and Western market areas of the United States, as well as Canada. The Company operates within four reportable business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream (formerly Energy Holdings).

5 Day Chart for NYSE:NJR

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