5,433 Shares in New Jersey Resources Corp (NJR) Acquired by American Economic Planning Group Inc. ADV

American Economic Planning Group Inc. ADV purchased a new stake in shares of New Jersey Resources Corp (NYSE:NJR) during the first quarter, Holdings Channel reports. The fund purchased 5,433 shares of the utilities provider’s stock, valued at approximately $215,000.

Other hedge funds also recently bought and sold shares of the company. LS Investment Advisors LLC boosted its stake in New Jersey Resources Corp by 7.1% in the third quarter. LS Investment Advisors LLC now owns 5,494 shares of the utilities provider’s stock valued at $181,000 after buying an additional 364 shares in the last quarter. Rhumbline Advisers boosted its stake in New Jersey Resources Corp by 2.0% in the third quarter. Rhumbline Advisers now owns 187,616 shares of the utilities provider’s stock valued at $6,165,000 after buying an additional 3,740 shares in the last quarter. Teachers Advisors LLC boosted its stake in New Jersey Resources Corp by 0.6% in the third quarter. Teachers Advisors LLC now owns 150,051 shares of the utilities provider’s stock valued at $4,931,000 after buying an additional 880 shares in the last quarter. New York State Common Retirement Fund boosted its stake in New Jersey Resources Corp by 3.2% in the third quarter. New York State Common Retirement Fund now owns 154,614 shares of the utilities provider’s stock valued at $5,081,000 after buying an additional 4,800 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in New Jersey Resources Corp by 0.7% in the third quarter. BlackRock Inc. now owns 249,449 shares of the utilities provider’s stock valued at $8,197,000 after buying an additional 1,761 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for New Jersey Resources Corp (NYSE:NJR)

Shares of New Jersey Resources Corp (NYSE:NJR) remained flat at $40.05 during mid-day trading on Thursday. The company’s stock had a trading volume of 353,217 shares. New Jersey Resources Corp has a one year low of $30.46 and a one year high of $42.65. The stock has a 50 day moving average price of $39.38 and a 200 day moving average price of $36.20. The company has a market capitalization of $3.46 billion, a P/E ratio of 29.89 and a beta of 0.43.

New Jersey Resources Corp (NYSE:NJR) last announced its earnings results on Wednesday, February 8th. The utilities provider reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.14. New Jersey Resources Corp had a net margin of 5.88% and a return on equity of 10.71%. The business earned $541.03 million during the quarter, compared to analyst estimates of $470.13 million. During the same quarter last year, the business posted $0.60 earnings per share. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities research analysts expect that New Jersey Resources Corp will post $1.70 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th were paid a $0.255 dividend. The ex-dividend date was Monday, March 13th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.55%. New Jersey Resources Corp’s dividend payout ratio (DPR) is presently 76.69%.

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Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of New Jersey Resources Corp from a “sell” rating to a “hold” rating in a report on Saturday, February 11th. Seaport Global Securities initiated coverage on shares of New Jersey Resources Corp in a report on Wednesday, December 21st. They issued a “neutral” rating and a $36.00 price target on the stock. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $38.25.

In other news, Director Jane M. Kenny sold 3,000 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $39.43, for a total value of $118,290.00. Following the completion of the sale, the director now directly owns 12,031 shares in the company, valued at $474,382.33. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

About New Jersey Resources Corp

New Jersey Resources Corporation is an energy services holding company. The Company’s business is the distribution of natural gas through a regulated utility, which provides other retail and wholesale energy services to customers and investing in clean energy projects and midstream assets. It operates in four business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream.

5 Day Chart for NYSE:NJR

Want to see what other hedge funds are holding NJR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Jersey Resources Corp (NYSE:NJR).

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