Energy Income Partners LLC Sells 430,223 Shares of NewJersey Resources Corporation $NJR

Energy Income Partners LLC decreased its holdings in shares of NewJersey Resources Corporation (NYSE:NJR) by 23.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,416,001 shares of the utilities provider’s stock after selling 430,223 shares during the quarter. NewJersey Resources makes up about 1.3% of Energy Income Partners LLC’s investment portfolio, making the stock its 29th biggest holding. Energy Income Partners LLC’s holdings in NewJersey Resources were worth $77,767,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NJR. Root Financial Partners LLC increased its stake in NewJersey Resources by 56.5% in the 1st quarter. Root Financial Partners LLC now owns 526 shares of the utilities provider’s stock valued at $29,000 after buying an additional 190 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of NewJersey Resources during the 3rd quarter worth about $28,000. Torren Management LLC acquired a new position in shares of NewJersey Resources during the 4th quarter worth about $35,000. CENTRAL TRUST Co grew its holdings in shares of NewJersey Resources by 172.7% in the 1st quarter. CENTRAL TRUST Co now owns 818 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 518 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of NewJersey Resources by 118.0% in the 4th 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. Institutional investors own 70.98% of the company’s stock.

NewJersey Resources Stock Performance

Shares of NJR stock opened at $59.51 on Tuesday. The stock has a market cap of $6.01 billion, a P/E ratio of 17.66 and a beta of 0.50. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.80. The company has a fifty day moving average price of $56.69 and a two-hundred day moving average price of $54.57. NewJersey Resources Corporation has a one year low of $43.46 and a one year high of $60.69.

NewJersey Resources (NYSE:NJR) last announced its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.31. The company had revenue of $939.40 million during the quarter, compared to the consensus estimate of $849.95 million. NewJersey Resources had a net margin of 15.67% and a return on equity of 14.58%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 EPS. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. As a group, equities analysts predict that NewJersey Resources Corporation will post 3.58 EPS for the current year.

Insider Activity at NewJersey Resources

In other NewJersey Resources news, Director Jane M. Kenny sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $56.10, for a total transaction of $448,800.00. Following the transaction, the director owned 21,998 shares of the company’s stock, valued at $1,234,087.80. The trade was a 26.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher T. D’antuono sold 1,150 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $57.34, for a total value of $65,941.00. Following the completion of the sale, the insider owned 2,985 shares in the company, valued at $171,159.90. This represents a 27.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 12,150 shares of company stock worth $682,261. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

NJR has been the topic of several analyst reports. Weiss Ratings upgraded NewJersey Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 27th. Argus set a $63.00 price target on NewJersey Resources in a research note on Wednesday, May 20th. Mizuho raised their price target on NewJersey Resources from $54.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company started coverage on NewJersey Resources in a research report on Tuesday, May 12th. They set an “overweight” rating and a $63.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $58.17.

NewJersey Resources 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.