Fieldview Capital Management LLC Invests $1.23 Million in NewJersey Resources Corporation $NJR

Posted by Brian Himes on Jun 15th, 2026

Fieldview Capital Management LLC bought a new position in shares of NewJersey Resources Corporation (NYSE:NJR – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,733 shares of the utilities provider’s stock, valued at approximately $1,233,000.

Several other hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in shares of NewJersey Resources by 10.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,934,165 shares of the utilities provider’s stock worth $181,446,000 after purchasing an additional 367,844 shares during the period. Geode Capital Management LLC increased its holdings in shares of NewJersey Resources by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,629,373 shares of the utilities provider’s stock worth $121,285,000 after purchasing an additional 10,448 shares during the period. Northern Trust Corp increased its holdings in shares of NewJersey Resources by 1.1% during the third quarter. Northern Trust Corp now owns 1,335,344 shares of the utilities provider’s stock worth $64,297,000 after purchasing an additional 14,512 shares during the period. Norges Bank bought a new position in shares of NewJersey Resources during the fourth quarter worth approximately $60,075,000. Finally, Morgan Stanley increased its holdings in shares of NewJersey Resources by 19.4% during the fourth quarter. Morgan Stanley now owns 1,283,533 shares of the utilities provider’s stock worth $59,197,000 after purchasing an additional 208,388 shares during the period. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on NewJersey Resources

Insider Activity at NewJersey Resources

In other NewJersey Resources news, insider Christopher T. D’antuono sold 1,150 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $57.34, for a total value of $65,941.00. Following the sale, the insider owned 2,985 shares in the company, valued at $171,159.90. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Patrick J. Migliaccio sold 3,000 shares of the firm’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 sale, the chief operating officer owned 35,202 shares in the company, valued at $1,965,679.68. This represents a 7.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 17,599 shares of company stock worth $971,004. Corporate insiders own 0.70% of the company’s stock.

NewJersey Resources Stock Performance

Shares of NewJersey Resources stock opened at $55.07 on Monday. NewJersey Resources Corporation has a fifty-two week low of $43.46 and a fifty-two week high of $58.57. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.80. The firm has a market capitalization of $5.56 billion, a P/E ratio of 16.34 and a beta of 0.50. The company’s 50 day moving average price is $56.01 and its two-hundred day moving average price is $52.17.

NewJersey Resources (NYSE:NJR – Get Free Report) last issued its earnings results on Monday, May 4th. The utilities provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $849.95 million. During the same quarter last year, the business posted $1.78 earnings per share. The company’s quarterly 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, equities analysts forecast that NewJersey Resources Corporation will post 3.52 earnings per share for the current fiscal year.

NewJersey Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be given a $0.475 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.90 dividend on an annualized basis and a yield of 3.5%. NewJersey Resources’s dividend payout ratio (DPR) is currently 56.38%.

NewJersey Resources 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.