New Jersey Resources Corporation (NYSE: NJR) is 1.46% higher on its value in year-to-date trading and has touched a low of $39.44 and a high of $51.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NJR stock was last observed hovering at around $47.41 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $47.33, the stock is 2.16% and -0.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing -0.17% at the moment leaves the stock 4.06% off its SMA200. NJR registered 12.50% gain for a year compared to 6-month gain of 2.67%. The firm has a 50-day simple moving average (SMA 50) of $47.7798 and a 200-day simple moving average (SMA200) of $45.4836.
The stock witnessed a -0.71% loss in the last 1 month and extending the period to 3 months gives it a -0.65%, and is 4.60% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.82% over the week and 1.91% over the month.
New Jersey Resources Corporation (NJR) has around 1372 employees, a market worth around $4.72B and $1.78B in sales. Current P/E ratio is 16.20 and Fwd P/E is 15.24. Profit margin for the company is 16.24%. Distance from 52-week low is 20.01% and -8.88% from its 52-week high. The company has generated returns on investments over the last 12 months (5.53%).
The EPS is expected to grow by 4.96% this year.
New Jersey Resources Corporation (NJR) Top Institutional Holders
476.0 institutions hold shares in New Jersey Resources Corporation (NJR), with institutional investors hold 75.85% of the company’s shares. The shares outstanding are 99.46M, and float is at 99.20M with Short Float at 2.57%. Institutions hold 75.49% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 16.59 million shares valued at $709.08 million. The investor’s holdings represent 16.8642% of the NJR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.77 million shares valued at $503.25 million to account for 11.9689 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.05 million shares representing 5.1327% and valued at over $217.88 million, while DIMENSIONAL FUND ADVISORS LP holds 3.0056 of the shares totaling 2.96 million with a market value of $126.37 million.
New Jersey Resources Corporation (NJR) Insider Activity
The most recent transaction is an insider sale by Migliaccio Patrick J., the company’s Senior VP and COO, NJNG. SEC filings show that Migliaccio Patrick J. sold 4,983 shares of the company’s common stock on Dec 23 ’24 at a price of $46.00 per share for a total of $0.23 million. Following the sale, the insider now owns 37124.0 shares.
New Jersey Resources Corporation disclosed in a document filed with the SEC on Aug 21 ’24 that Migliaccio Patrick J. (Senior VP and COO, NJNG) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Aug 21 ’24 and was made at $45.88 per share for $0.11 million. Following the transaction, the insider now directly holds 36582.0 shares of the NJR stock.
Still, SEC filings show that on Jul 16 ’24, Westhoven Stephen D (President & CEO) disposed off 26,600 shares at an average price of $45.06 for $1.2 million. The insider now directly holds 168,705 shares of New Jersey Resources Corporation (NJR).
