NewJersey Resources (NYSE:NJR) Announces Earnings Results, Beats Expectations By $0.04 EPS

NewJersey Resources (NYSE:NJR) announced its earnings results on Monday. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04, FiscalAI reports. NewJersey Resources had a return on equity of 14.58% and a net margin of 15.67%. NewJersey Resources updated its FY 2026 guidance to 3.520-3.620 EPS.

NewJersey Resources Trading Up 0.5%

NYSE NJR traded up $0.26 during mid-day trading on Monday, reaching $58.15. 745,744 shares of the stock were exchanged, compared to its average volume of 594,891. The stock has a market cap of $5.87 billion, a P/E ratio of 17.26 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. NewJersey Resources has a one year low of $43.46 and a one year high of $60.86. The stock has a 50 day simple moving average of $56.80 and a 200-day simple moving average of $54.91.

Insider Buying and Selling at NewJersey Resources

In other NewJersey Resources news, COO Patrick J. Migliaccio sold 3,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $55.84, for a total transaction of $167,520.00. Following the completion of the sale, the chief operating officer directly owned 35,202 shares in the company, valued at approximately $1,965,679.68. This trade represents a 7.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jane M. Kenny sold 8,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $56.10, for a total value of $448,800.00. Following the sale, the director owned 21,998 shares of the company’s stock, valued at approximately $1,234,087.80. The trade was a 26.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 12,150 shares of company stock valued at $682,261. 0.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NewJersey Resources

A number of hedge funds have recently added to or reduced their stakes in NJR. US Bancorp DE boosted its holdings in shares of NewJersey Resources by 7.9% during the 3rd quarter. US Bancorp DE now owns 3,127 shares of the utilities provider’s stock worth $151,000 after buying an additional 228 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of NewJersey Resources by 2.3% in the 3rd quarter. NewEdge Advisors LLC now owns 13,009 shares of the utilities provider’s stock valued at $626,000 after acquiring an additional 298 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of NewJersey Resources by 56.9% during the 3rd quarter. Parallel Advisors LLC now owns 1,001 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 363 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of NewJersey Resources by 118.0% during 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 during the period. Finally, Hilltop Holdings Inc. boosted its stake in NewJersey Resources by 8.8% during the third quarter. Hilltop Holdings Inc. now owns 7,044 shares of the utilities provider’s stock worth $339,000 after acquiring an additional 570 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.