NewJersey Resources (NYSE:NJR) Sets New 1-Year High – What’s Next?

Posted by Francis Steltz on Jul 30th, 2026

NewJersey Resources Corporation (NYSE:NJR – Get Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $60.75 and last traded at $60.5970, with a volume of 9716 shares changing hands. The stock had previously closed at $59.52.

Analysts Set New Price Targets

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

View Our Latest Research Report on NewJersey Resources

NewJersey Resources Trading Down 0.9%

The stock’s fifty day simple moving average is $56.76 and its two-hundred day simple moving average is $54.75. The firm has a market cap of $5.99 billion, a PE ratio of 17.60 and a beta of 0.50. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 1.24.

NewJersey Resources (NYSE:NJR – Get Free Report) last released its earnings results on Monday, May 4th. The utilities provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.31. NewJersey Resources had a net margin of 15.67% and a return on equity of 14.58%. The firm had revenue of $939.40 million during the quarter, compared to analyst estimates of $849.95 million. During the same period last year, the business earned $1.78 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. On average, sell-side analysts forecast that NewJersey Resources Corporation will post 3.58 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of NewJersey Resources by 11.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,146 shares of the utilities provider’s stock worth $513,000 after buying an additional 916 shares in the last quarter. GAMMA Investing LLC increased its position in shares of NewJersey Resources by 19.6% during the second quarter. GAMMA Investing LLC now owns 4,534 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 742 shares in the last quarter. Roxbury Financial LLC raised its holdings in NewJersey Resources by 72.9% in the 2nd quarter. Roxbury Financial LLC now owns 885 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 373 shares during the last quarter. Empowered Funds LLC purchased a new position in NewJersey Resources in the 1st quarter worth approximately $222,000. Finally, Parallel Advisors LLC lifted its position in NewJersey Resources by 42.3% in the 1st quarter. Parallel Advisors LLC now owns 985 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 293 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

NewJersey Resources Company Profile

(Get Free Report)

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.