Energy Income Partners LLC Buys New Stake in NewJersey Resources Corporation $NJR

Posted by George Bondi on Aug 19th, 2026

Energy Income Partners LLC purchased a new stake in NewJersey Resources Corporation (NYSE:NJR – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 1,402,434 shares of the utilities provider’s stock, valued at approximately $78,592,000.

Other hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of NewJersey Resources by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,363 shares of the utilities provider’s stock worth $2,912,000 after buying an additional 3,422 shares in the last quarter. NewEdge Advisors LLC grew its holdings in NewJersey Resources by 65.7% during the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in NewJersey Resources by 10.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 320,113 shares of the utilities provider’s stock worth $15,705,000 after acquiring an additional 29,458 shares during the last quarter. Jane Street Group LLC bought a new stake in NewJersey Resources in the 1st quarter worth approximately $8,907,000. Finally, Invesco Ltd. raised its holdings in shares of NewJersey Resources by 14.4% during the 2nd quarter. Invesco Ltd. now owns 465,923 shares of the utilities provider’s stock worth $20,883,000 after acquiring an additional 58,795 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

NewJersey Resources Stock Performance

NYSE NJR opened at $55.59 on Wednesday. The business’s 50 day moving average price is $56.85 and its 200-day moving average price is $55.55. NewJersey Resources Corporation has a fifty-two week low of $43.46 and a fifty-two week high of $60.86. The company has a market cap of $5.64 billion, a P/E ratio of 15.36 and a beta of 0.50. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.45 and a current ratio of 0.66.

NewJersey Resources (NYSE:NJR – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $349.18 million during the quarter, compared to the consensus estimate of $342.13 million. NewJersey Resources had a return on equity of 14.46% and a net margin of 16.42%.NewJersey Resources’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the company earned ($0.15) earnings per share. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. Sell-side analysts predict that NewJersey Resources Corporation will post 3.59 earnings per share for the current year.

Insider Activity

In other news, insider Christopher T. D’antuono sold 1,150 shares of the firm’s stock in a transaction dated 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 approximately $171,159.90. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Patrick J. Migliaccio sold 3,000 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $55.63, for a total transaction of $166,890.00. Following the transaction, the chief operating officer owned 32,202 shares in the company, valued at $1,791,397.26. The trade was a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NJR. Argus set a $63.00 target price on NewJersey Resources in a research report on Wednesday, May 20th. Wells Fargo & Company downgraded shares of NewJersey Resources from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $63.00 to $61.00 in a research note on Wednesday, August 5th. Mizuho increased their price objective on shares of NewJersey Resources from $54.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings cut shares of NewJersey Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, NewJersey Resources currently has an average rating of “Buy” and an average target price of $57.83.

Check Out Our Latest Analysis on NJR

About NewJersey Resources

(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.