Research Analysts’ Recent Ratings Changes for NewJersey Resources (NJR)

Several analysts have recently updated their ratings and price targets for NewJersey Resources (NYSE: NJR):

• 5/20/2026 – NewJersey Resources was given a new $63.00 price target by Argus.
• 5/13/2026 – NewJersey Resources had its “buy (b-)” rating reaffirmed by Weiss Ratings.
• 5/12/2026 – NewJersey Resources is now covered by Wells Fargo & Company. They set an “overweight” rating and a $63.00 price target on the stock.
• 5/11/2026 – NewJersey Resources was upgraded by Wells Fargo & Company to “strong-buy”.
• 4/21/2026 – NewJersey Resources had its price target raised by Mizuho from $54.00 to $61.00. They now have an “outperform” rating on the stock.

NewJersey Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, June 10th. NewJersey Resources’s dividend payout ratio (DPR) is presently 56.38%.

Insider Activity at NewJersey Resources

In other NewJersey Resources news, SVP Richard Reich sold 5,449 shares of the stock in a transaction dated 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 owned 26,975 shares of the company’s stock, valued at $1,429,405.25. This trade represents a 16.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Patrick J. Migliaccio sold 3,000 shares of NewJersey Resources stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $55.84, for a total transaction of $167,520.00. Following the sale, the chief operating officer owned 35,202 shares of the company’s stock, valued at approximately $1,965,679.68. This represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,554 shares of company stock valued at $1,241,448 in the last quarter. Corporate insiders own 0.70% of the company’s stock.

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.