denkapparat Operations GmbH Increases Holdings in NewJersey Resources Corporation $NJR

Posted by Stanley Muller on Sep 4th, 2026

denkapparat Operations GmbH raised its holdings in shares of NewJersey Resources Corporation (NYSE:NJR – Free Report) by 227.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,024 shares of the utilities provider’s stock after acquiring an additional 11,822 shares during the quarter. denkapparat Operations GmbH’s holdings in NewJersey Resources were worth $954,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of NewJersey Resources during the 2nd quarter worth about $1,008,340,000. Energy Income Partners LLC acquired a new position in NewJersey Resources in the second quarter valued at approximately $78,592,000. Norges Bank acquired a new position in NewJersey Resources in the fourth quarter valued at approximately $60,075,000. Bank of New York Mellon Corp purchased a new position in NewJersey Resources in the second quarter valued at approximately $57,722,000. Finally, Millennium Management LLC increased its stake in NewJersey Resources by 895.7% in the third quarter. Millennium Management LLC now owns 677,352 shares of the utilities provider’s stock valued at $32,614,000 after purchasing an additional 609,323 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at NewJersey Resources

In other news, COO Patrick Migliaccio sold 3,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $55.63, for a total value of $166,890.00. Following the completion of the sale, the chief operating officer directly owned 32,202 shares of the company’s stock, valued at approximately $1,791,397.26. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on NJR shares. Argus set a $63.00 price objective on shares of NewJersey Resources in a report on Wednesday, May 20th. Weiss Ratings cut shares of NewJersey Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company downgraded shares of NewJersey Resources from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $63.00 to $61.00 in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, NewJersey Resources currently has a consensus rating of “Buy” and a consensus price target of $57.83.

Read Our Latest Report on NJR

NewJersey Resources Stock Up 0.0%

NewJersey Resources stock opened at $53.65 on Friday. The company has a market capitalization of $5.44 billion, a P/E ratio of 14.82, a PEG ratio of 2.99 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 Corporation has a fifty-two week low of $43.46 and a fifty-two week high of $60.86. The stock has a 50-day simple moving average of $56.54 and a 200-day simple moving average of $55.73.

NewJersey Resources (NYSE:NJR – Get Free Report) last released 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 firm had revenue of $349.18 million for 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%.The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.15) EPS. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. Equities research analysts expect that NewJersey Resources Corporation will post 3.59 earnings per share for the current year.

NewJersey Resources Company Profile

(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.