Citadel Advisors LLC trimmed its position in NewJersey Resources Corporation (NYSE:NJR) by 27.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 510,246 shares of the utilities provider’s stock after selling 189,514 shares during the period. Citadel Advisors LLC owned approximately 0.59% of NewJersey Resources Corporation worth $20,257,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Capstone Asset Management Co. grew its position in NewJersey Resources Corporation by 0.3% in the 2nd quarter. Capstone Asset Management Co. now owns 7,218 shares of the utilities provider’s stock valued at $287,000 after buying an additional 20 shares during the last quarter. FineMark National Bank & Trust grew its position in NewJersey Resources Corporation by 0.4% in the 2nd quarter. FineMark National Bank & Trust now owns 8,178 shares of the utilities provider’s stock valued at $325,000 after buying an additional 34 shares during the last quarter. National Planning Corp boosted its position in shares of NewJersey Resources Corporation by 0.6% during the 2nd quarter. National Planning Corp now owns 8,256 shares of the utilities provider’s stock worth $330,000 after purchasing an additional 51 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of NewJersey Resources Corporation by 0.5% during the 2nd quarter. TD Asset Management Inc. now owns 19,024 shares of the utilities provider’s stock worth $755,000 after purchasing an additional 100 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of NewJersey Resources Corporation by 2.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 5,539 shares of the utilities provider’s stock worth $219,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 64.00% of the company’s stock.

NewJersey Resources Corporation (NYSE:NJR) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.19. The company had revenue of $457.52 million for the quarter, compared to analyst estimates of $410.24 million. NewJersey Resources Corporation had a return on equity of 12.77% and a net margin of 8.81%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 22nd will be paid a dividend of $0.255 per share. The ex-dividend date is Thursday, September 21st. This represents a $1.02 annualized dividend and a yield of 2.45%. NewJersey Resources Corporation’s dividend payout ratio is currently 48.88%.

Several equities research analysts have commented on NJR shares. Zacks Investment Research upgraded shares of NewJersey Resources Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Tuesday, July 11th. Argus boosted their target price on shares of NewJersey Resources Corporation from $46.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. BidaskClub lowered shares of NewJersey Resources Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Bank of America Corporation boosted their target price on shares of NewJersey Resources Corporation from $35.00 to $38.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $40.80.

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NewJersey Resources Corporation Company Profile

New Jersey Resources Corporation is an energy services holding company. The Company’s business is the distribution of natural gas through a regulated utility, which provides other retail and wholesale energy services to customers and investing in clean energy projects and midstream assets. It operates in four business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream.

Institutional Ownership by Quarter for NewJersey Resources Corporation (NYSE:NJR)

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