NewJersey Resources (NYSE:NJR – Get Free Report) updated its FY 2026 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 3.520-3.620 for the period, compared to the consensus earnings per share estimate of 3.500. The company issued revenue guidance of -.
NewJersey Resources Trading Up 0.5%
Shares of NewJersey Resources stock traded up $0.26 on Monday, hitting $58.15. 746,144 shares of the company’s stock traded hands, compared to its average volume of 594,894. The company has a fifty day moving average of $56.80 and a two-hundred day moving average of $54.91. NewJersey Resources has a one year low of $43.46 and a one year high of $60.86. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 17.26 and a beta of 0.50. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.80.
NewJersey Resources (NYSE:NJR – Get Free Report) last issued its earnings results on Monday, August 3rd. The utilities provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. NewJersey Resources had a return on equity of 14.58% and a net margin of 15.67%.NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. As a group, sell-side analysts expect that NewJersey Resources will post 3.58 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on NJR
Insider Buying and Selling
In other NewJersey Resources news, insider Christopher T. D’antuono sold 1,150 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $57.34, for a total transaction 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. The trade was a 27.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jane M. Kenny sold 8,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $56.10, for a total transaction of $448,800.00. Following the transaction, the director owned 21,998 shares in the company, valued at approximately $1,234,087.80. The trade was a 26.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,150 shares of company stock worth $682,261 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.
Hedge Funds Weigh In On NewJersey Resources
Several large investors have recently added to or reduced their stakes in the business. US Bancorp DE increased its holdings in NewJersey Resources by 7.9% during the 3rd quarter. US Bancorp DE now owns 3,127 shares of the utilities provider’s stock worth $151,000 after purchasing an additional 228 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of NewJersey Resources by 2.3% in the third quarter. NewEdge Advisors LLC now owns 13,009 shares of the utilities provider’s stock valued at $626,000 after purchasing an additional 298 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of NewJersey Resources by 56.9% in the third quarter. Parallel Advisors LLC now owns 1,001 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 363 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of NewJersey Resources by 118.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 933 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 505 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its position in shares of NewJersey Resources by 8.8% during the third quarter. Hilltop Holdings Inc. now owns 7,044 shares of the utilities provider’s stock valued at $339,000 after buying an additional 570 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.
About NewJersey Resources
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.
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