NewJersey Resources (NYSE:NJR) Reaches New 12-Month High – What’s Next?

Posted by Brian Himes on May 20th, 2026

NewJersey Resources Corporation (NYSE:NJR – Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $58.57 and last traded at $58.2410, with a volume of 658955 shares. The stock had previously closed at $57.62.

Wall Street Analysts Forecast Growth

NJR has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on shares of NewJersey Resources in a research note on Tuesday, May 12th. They issued an “overweight” rating and a $63.00 target price for the company. Mizuho boosted their target price on shares of NewJersey Resources from $54.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Williams Trading set a $55.00 target price on shares of NewJersey Resources in a research note on Tuesday, February 3rd. Raymond James Financial reaffirmed an “outperform” rating on shares of NewJersey Resources in a research note on Tuesday, February 3rd. Finally, Argus raised shares of NewJersey Resources to a “strong-buy” rating in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $56.17.

Get Our Latest Stock Report on NewJersey Resources

NewJersey Resources Stock Performance

The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 17.28 and a beta of 0.51. The stock’s fifty day moving average is $55.55 and its 200-day moving average is $50.96. 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 issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.31. The firm had revenue of $939.40 million during the quarter, compared to analysts’ expectations of $849.95 million. NewJersey Resources had a net margin of 15.67% and a return on equity of 14.58%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.78 earnings per share. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. On average, analysts forecast that NewJersey Resources Corporation will post 3.5 EPS for the current year.

NewJersey Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, June 10th. NewJersey Resources’s dividend payout ratio is 56.38%.

Insider Activity at NewJersey Resources

In other news, Director Jane M. Kenny sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $56.10, for a total value of $448,800.00. Following the completion of the transaction, the director owned 21,998 shares in the company, valued at $1,234,087.80. This represents a 26.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Patrick J. Migliaccio sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $55.84, for a total transaction of $167,520.00. Following the completion of the transaction, the chief operating officer owned 35,202 shares of the company’s stock, valued at $1,965,679.68. This trade represents a 7.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 22,554 shares of company stock worth $1,241,448 over the last ninety days. 0.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NJR. Norges Bank acquired a new position in shares of NewJersey Resources in the fourth quarter valued at approximately $60,075,000. Millennium Management LLC boosted its holdings in shares of 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 buying an additional 609,323 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of NewJersey Resources by 10.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,934,165 shares of the utilities provider’s stock valued at $181,446,000 after buying an additional 367,844 shares during the period. Qube Research & Technologies Ltd boosted its holdings in shares of NewJersey Resources by 77.1% in the second quarter. Qube Research & Technologies Ltd now owns 730,300 shares of the utilities provider’s stock valued at $32,732,000 after buying an additional 317,932 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of NewJersey Resources in the third quarter valued at approximately $13,351,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

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.