NewJersey Resources (NYSE:NJR) Updates FY 2026 Earnings Guidance
by Teresa Graham · The Cerbat GemNewJersey Resources (NYSE:NJR – Get Free Report) updated its FY 2026 earnings guidance on Monday. The company provided earnings per share guidance of 3.480-3.630 for the period, compared to the consensus earnings per share estimate of 3.370. The company issued revenue guidance of -.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on NJR. Raymond James Financial reiterated an “outperform” rating on shares of NewJersey Resources in a research report on Tuesday, February 3rd. Weiss Ratings upgraded NewJersey Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. Argus upgraded NewJersey Resources to a “strong-buy” rating in a research report on Thursday, January 22nd. Wall Street Zen raised shares of NewJersey Resources from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Mizuho lifted their price target on shares of NewJersey Resources from $54.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $54.50.
Get Our Latest Analysis on NJR
NewJersey Resources Stock Up 0.2%
Shares of NJR traded up $0.13 during trading hours on Monday, hitting $56.13. The company had a trading volume of 574,490 shares, compared to its average volume of 547,129. The company has a market capitalization of $5.66 billion, a PE ratio of 17.38 and a beta of 0.51. The company has a current ratio of 0.83, a quick ratio of 0.58 and a debt-to-equity ratio of 1.32. The company’s fifty day moving average price is $55.01 and its two-hundred day moving average price is $50.14. NewJersey Resources has a one year low of $43.46 and a one year high of $57.70.
NewJersey Resources (NYSE:NJR – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.20 EPS for the quarter, beating the consensus estimate of $1.89 by $0.31. NewJersey Resources had a net margin of 15.18% and a return on equity of 13.06%. The business had revenue of $939.40 million during the quarter, compared to analyst estimates of $849.95 million. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. As a group, equities analysts forecast that NewJersey Resources will post 3.39 earnings per share for the current fiscal year.
NewJersey Resources Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.4%. The ex-dividend date is Wednesday, June 10th. NewJersey Resources’s dividend payout ratio (DPR) is 58.82%.
Insider Buying and Selling at NewJersey Resources
In other NewJersey Resources news, CFO Roberto Bel sold 6,105 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $55.10, for a total value of $336,385.50. Following the completion of the sale, the chief financial officer directly owned 19,780 shares in the company, valued at approximately $1,089,878. This trade represents a 23.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Richard Reich sold 5,449 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $52.99, for a total value of $288,742.51. Following the sale, the senior vice president owned 26,975 shares in the company, valued at $1,429,405.25. The trade was a 16.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.70% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of NJR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NewJersey Resources by 6.1% during 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 in the last quarter. NewEdge Advisors LLC grew its holdings in shares of NewJersey Resources by 65.7% during the first quarter. NewEdge Advisors LLC now owns 22,214 shares of the utilities provider’s stock valued at $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 grew its holdings in shares of NewJersey Resources by 10.1% during 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 valued at $15,705,000 after buying an additional 29,458 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of NewJersey Resources during the first quarter valued at $8,907,000. Finally, Invesco Ltd. grew its holdings in shares of NewJersey Resources by 14.4% during the second quarter. Invesco Ltd. now owns 465,923 shares of the utilities provider’s stock valued at $20,883,000 after buying an additional 58,795 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.
About NewJersey Resources
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.