NewJersey Resources Corporation $NJR Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lessened its holdings in shares of NewJersey Resources Corporation (NYSE:NJR) by 91.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,180 shares of the utilities provider’s stock after selling 44,947 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in NewJersey Resources were worth $201,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NJR. Dimensional Fund Advisors LP boosted its stake in NewJersey Resources by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,424,736 shares of the utilities provider’s stock valued at $168,019,000 after acquiring an additional 115,570 shares during the period. Geode Capital Management LLC lifted its holdings in shares of NewJersey Resources by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 2,545,394 shares of the utilities provider’s stock worth $114,097,000 after purchasing an additional 16,954 shares during the last quarter. Norges Bank acquired a new position in NewJersey Resources during the 2nd quarter valued at approximately $52,671,000. ProShare Advisors LLC grew its stake in NewJersey Resources by 0.4% during the 2nd quarter. ProShare Advisors LLC now owns 831,309 shares of the utilities provider’s stock worth $37,259,000 after buying an additional 3,588 shares during the last quarter. Finally, Energy Income Partners LLC grew its stake in NewJersey Resources by 145.7% during the 2nd quarter. Energy Income Partners LLC now owns 798,661 shares of the utilities provider’s stock worth $35,796,000 after buying an additional 473,664 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

NewJersey Resources Stock Performance

Shares of NYSE NJR opened at $46.32 on Wednesday. The stock’s fifty day simple moving average is $46.09 and its 200 day simple moving average is $46.16. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 13.91 and a beta of 0.61. The company has a quick ratio of 0.40, a current ratio of 0.73 and a debt-to-equity ratio of 1.36. NewJersey Resources Corporation has a 52-week low of $43.46 and a 52-week high of $50.76.

NewJersey Resources (NYSE:NJR) last released its quarterly earnings results on Wednesday, November 19th. The utilities provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $336.08 million during the quarter, compared to analyst estimates of $307.30 million. NewJersey Resources had a return on equity of 13.73% and a net margin of 16.48%.NewJersey Resources’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. NewJersey Resources has set its FY 2026 guidance at 3.030-3.180 EPS. As a group, sell-side analysts forecast that NewJersey Resources Corporation will post 3.15 earnings per share for the current fiscal year.

NewJersey Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be issued a dividend of $0.475 per share. The ex-dividend date is Friday, December 12th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.1%. NewJersey Resources’s payout ratio is currently 57.06%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NJR. New Street Research set a $54.00 price target on NewJersey Resources in a report on Wednesday. Mizuho upgraded NewJersey Resources from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $51.00 to $54.00 in a report on Wednesday. Weiss Ratings cut NewJersey Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, December 10th. Wall Street Zen cut shares of NewJersey Resources from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Finally, Raymond James Financial restated an “outperform” rating and set a $53.00 price objective on shares of NewJersey Resources in a research report on Thursday, November 20th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NewJersey Resources presently has an average rating of “Hold” and a consensus target price of $52.86.

About NewJersey Resources

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets.