NewJersey Resources (NYSE:NJR) Price Target Raised to $61.00

24 Apr 2026, 01:44 by Renee Jackson · The Cerbat Gem

NewJersey Resources (NYSE:NJR – Free Report) had its target price boosted by Mizuho from $54.00 to $61.00 in a research note issued to investors on Tuesday morning, MarketBeat.com reports. Mizuho currently has an outperform rating on the utilities provider’s stock.

NJR has been the topic of several other reports. Wall Street Zen raised shares of NewJersey Resources from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Raymond James Financial reaffirmed an “outperform” rating on shares of NewJersey Resources in a report on Tuesday, February 3rd. Williams Trading set a $55.00 target price on NewJersey Resources in a research report on Tuesday, February 3rd. Argus upgraded NewJersey Resources to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings upgraded NewJersey Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $54.50.

Read Our Latest Stock Report on NewJersey Resources

NewJersey Resources Trading Up 2.4%

NYSE NJR opened at $56.52 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.83 and a quick ratio of 0.58. The firm’s fifty day moving average price is $54.78 and its 200 day moving average price is $49.74. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 17.50 and a beta of 0.55. NewJersey Resources has a 12 month low of $43.46 and a 12 month high of $57.70.

NewJersey Resources (NYSE:NJR – Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The utilities provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.22. NewJersey Resources had a net margin of 15.18% and a return on equity of 13.06%. The company had revenue of $604.85 million for the quarter, compared to the consensus estimate of $546.90 million. During the same period last year, the firm posted $1.29 EPS. NewJersey Resources’s revenue for the quarter was up 23.8% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.280-3.43 EPS. On average, sell-side analysts expect that NewJersey Resources will post 3.37 earnings per share for the current fiscal year.

NewJersey Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.90 dividend on an annualized basis and a yield of 3.4%. NewJersey Resources’s payout ratio is currently 58.82%.

Insider Transactions at NewJersey Resources

In related news, CFO Roberto Bel sold 6,105 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $55.10, for a total transaction of $336,385.50. Following the sale, the chief financial officer owned 19,780 shares of the company’s stock, valued at approximately $1,089,878. The trade was a 23.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Richard Reich sold 5,449 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $52.99, for a total transaction of $288,742.51. Following the sale, the senior vice president directly owned 26,975 shares in the company, valued at approximately $1,429,405.25. This represents a 16.81% decrease in their position. The SEC filing for this sale provides additional information. 0.70% of the stock is currently owned by insiders.

Institutional Trading of NewJersey Resources

Institutional investors have recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC purchased a new stake in NewJersey Resources during the third quarter worth about $28,000. Bessemer Group Inc. boosted its holdings in NewJersey Resources by 60.1% during the third quarter. Bessemer Group Inc. now owns 613 shares of the utilities provider’s stock worth $29,000 after buying an additional 230 shares in the last quarter. Tradewinds Capital Management LLC purchased a new stake in NewJersey Resources during the third quarter worth about $30,000. Torren Management LLC purchased a new stake in NewJersey Resources during the fourth quarter worth about $35,000. Finally, CENTRAL TRUST Co boosted its holdings in NewJersey Resources by 172.7% during the first quarter. CENTRAL TRUST Co now owns 818 shares of the utilities provider’s stock worth $45,000 after buying an additional 518 shares in the last quarter. Hedge funds and other institutional investors 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.