14,586 Shares in New Jersey Resources Co. (NYSE:NJR) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in shares of New Jersey Resources Co. (NYSE:NJR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,586 shares of the utilities provider’s stock, valued at approximately $680,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Roxbury Financial LLC bought a new position in shares of New Jersey Resources in the 4th quarter valued at approximately $25,000. FSA Wealth Management LLC bought a new position in shares of New Jersey Resources in the third quarter valued at approximately $27,000. Versant Capital Management Inc raised its position in shares of New Jersey Resources by 9,400.0% in the fourth quarter. Versant Capital Management Inc now owns 665 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 658 shares during the period. UMB Bank n.a. boosted its holdings in shares of New Jersey Resources by 69.8% during the 4th quarter. UMB Bank n.a. now owns 839 shares of the utilities provider’s stock worth $39,000 after buying an additional 345 shares during the period. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of New Jersey Resources during the 4th quarter worth $42,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

New Jersey Resources Trading Down 0.0 %

Shares of NJR opened at $48.48 on Tuesday. The stock’s 50-day moving average price is $47.46 and its 200 day moving average price is $47.33. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 14.60 and a beta of 0.57. New Jersey Resources Co. has a 12-month low of $40.62 and a 12-month high of $51.95.

New Jersey Resources (NYSE:NJR) last released its quarterly earnings data on Monday, February 3rd. The utilities provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. New Jersey Resources had a return on equity of 15.72% and a net margin of 18.25%. During the same quarter in the previous year, the firm earned $0.74 EPS. As a group, research analysts predict that New Jersey Resources Co. will post 3.15 earnings per share for the current year.

New Jersey Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.80 dividend on an annualized basis and a yield of 3.71%. New Jersey Resources’s payout ratio is currently 54.22%.

Analysts Set New Price Targets

A number of research firms have weighed in on NJR. Guggenheim boosted their target price on shares of New Jersey Resources from $53.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. StockNews.com raised New Jersey Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their target price on New Jersey Resources from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Finally, Wells Fargo & Company upped their price target on New Jersey Resources from $51.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $51.75.

New Jersey Resources Company Profile

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.