Leuthold Group LLC Decreases Holdings in NewJersey Resources Corporation $NJR

Leuthold Group LLC lowered its stake in NewJersey Resources Corporation (NYSE:NJR) by 92.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,314 shares of the utilities provider’s stock after selling 64,321 shares during the period. Leuthold Group LLC’s holdings in NewJersey Resources were worth $256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 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 last quarter. NewEdge Advisors LLC lifted its position in NewJersey Resources by 65.7% in the first quarter. NewEdge Advisors LLC now owns 22,214 shares of the utilities provider’s stock worth $1,090,000 after buying an additional 8,808 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 buying an additional 29,458 shares during the last quarter. Jane Street Group LLC purchased a new position in NewJersey Resources during the first quarter worth $8,907,000. Finally, IFP Advisors Inc increased its position in NewJersey Resources by 23.1% during the second quarter. IFP Advisors Inc now owns 1,504 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 282 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NewJersey Resources

In related news, COO Patrick J. Migliaccio sold 4,017 shares of the company’s 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 directly owned 38,065 shares of the company’s stock, valued at $1,768,499.90. This represents a 9.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by insiders.

NewJersey Resources Stock Performance

NewJersey Resources stock opened at $53.82 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.58 and a current ratio of 0.83. The company has a market capitalization of $5.43 billion, a PE ratio of 16.66 and a beta of 0.60. The company has a 50 day moving average price of $47.81 and a 200-day moving average price of $47.02. NewJersey Resources Corporation has a fifty-two week low of $43.46 and a fifty-two week high of $54.18.

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

NewJersey Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, March 11th. NewJersey Resources’s payout ratio is presently 58.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of NewJersey Resources from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings restated a “hold (c+)” rating on shares of NewJersey Resources in a research report on Monday, December 29th. New Street Research set a $54.00 target price on NewJersey Resources in a research note on Wednesday, December 17th. Raymond James Financial reissued an “outperform” rating on shares of NewJersey Resources in a research note on Tuesday, February 3rd. Finally, Argus upgraded NewJersey Resources to a “strong-buy” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NewJersey Resources presently has an average rating of “Moderate Buy” and an average target price of $53.00.

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.