Brokerages Set NewJersey Resources Corporation (NYSE:NJR) PT at $57.83

Posted by Brenda Bartman on Aug 21st, 2026

Shares of NewJersey Resources Corporation (NYSE:NJR – Get Free Report) have received an average rating of “Buy” from the five brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $57.8333.

Several analysts recently weighed in on NJR shares. Wells Fargo & Company cut NewJersey Resources from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $63.00 to $61.00 in a report on Wednesday, August 5th. Weiss Ratings lowered NewJersey Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Finally, Argus set a $63.00 price objective on NewJersey Resources in a research report on Wednesday, May 20th.

View Our Latest Research Report on NJR

NewJersey Resources Stock Down 0.4%

NewJersey Resources stock opened at $54.86 on Friday. The company’s 50-day moving average price is $56.85 and its two-hundred day moving average price is $55.63. The company has a quick ratio of 0.45, a current ratio of 0.66 and a debt-to-equity ratio of 1.21. The stock has a market cap of $5.57 billion, a P/E ratio of 15.15 and a beta of 0.50. NewJersey Resources has a twelve month low of $43.46 and a twelve month high of $60.86.

NewJersey Resources (NYSE:NJR – Get Free Report) last issued its quarterly earnings data 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. NewJersey Resources had a return on equity of 14.46% and a net margin of 16.42%.The company had revenue of $349.18 million during the quarter, compared to analysts’ expectations of $342.13 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The business’s revenue was up 16.8% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. As a group, analysts expect that NewJersey Resources will post 3.59 EPS for the current year.

Insider Activity

In related news, 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 value of $166,890.00. Following the transaction, the chief operating officer directly owned 32,202 shares in the company, 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 SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Institutional Trading of NewJersey Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC lifted its position in NewJersey Resources by 56.5% during the first quarter. Root Financial Partners LLC now owns 526 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 190 shares during the period. Fifth Third Bancorp increased its holdings in NewJersey Resources by 19.1% in the 4th quarter. Fifth Third Bancorp now owns 1,311 shares of the utilities provider’s stock valued at $60,000 after buying an additional 210 shares during the period. US Bancorp DE increased its holdings in NewJersey Resources by 7.9% in the 3rd quarter. US Bancorp DE now owns 3,127 shares of the utilities provider’s stock valued at $151,000 after buying an additional 228 shares during the period. Essential Partners LLC raised its position in shares of NewJersey Resources by 67.3% in the 2nd quarter. Essential Partners LLC now owns 686 shares of the utilities provider’s stock valued at $38,000 after buying an additional 276 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of NewJersey Resources by 25.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,391 shares of the utilities provider’s stock valued at $76,000 after buying an additional 280 shares in the last quarter. 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.