NewJersey Resources Corporation (NJR) Stake Increased by Aperio Group LLC

Aperio Group LLC lifted its holdings in NewJersey Resources Corporation (NYSE:NJR) by 4.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,323 shares of the utilities provider’s stock after purchasing an additional 2,685 shares during the quarter. Aperio Group LLC owned about 0.07% of NewJersey Resources Corporation worth $2,627,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NJR. Teachers Advisors LLC raised its stake in NewJersey Resources Corporation by 3.1% in the 1st quarter. Teachers Advisors LLC now owns 159,362 shares of the utilities provider’s stock worth $6,311,000 after acquiring an additional 4,762 shares during the last quarter. Renaissance Technologies LLC raised its stake in NewJersey Resources Corporation by 40.0% in the 1st quarter. Renaissance Technologies LLC now owns 184,100 shares of the utilities provider’s stock worth $7,290,000 after acquiring an additional 52,600 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in NewJersey Resources Corporation by 2.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 5,539 shares of the utilities provider’s stock worth $219,000 after acquiring an additional 111 shares during the last quarter. Capstone Asset Management Co. raised its stake in NewJersey Resources Corporation by 0.3% in the 2nd quarter. Capstone Asset Management Co. now owns 7,218 shares of the utilities provider’s stock worth $287,000 after acquiring an additional 20 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in NewJersey Resources Corporation by 0.5% in the 2nd quarter. Bank of Montreal Can now owns 37,774 shares of the utilities provider’s stock worth $1,500,000 after acquiring an additional 202 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.

NJR has been the subject of a number of research analyst reports. Argus raised their target price on NewJersey Resources Corporation from $46.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research lowered NewJersey Resources Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. BidaskClub upgraded NewJersey Resources Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Finally, Bank of America Corporation lifted their price objective on NewJersey Resources Corporation from $35.00 to $38.00 and gave the company an “underperform” rating in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $42.00.

NewJersey Resources Corporation (NYSE:NJR) opened at $43.80 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. NewJersey Resources Corporation has a 52 week low of $32.20 and a 52 week high of $44.85. The firm has a market capitalization of $3,790.39, a PE ratio of 23.80, a P/E/G ratio of 3.91 and a beta of 0.45.

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About NewJersey Resources Corporation

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.

Institutional Ownership by Quarter for NewJersey Resources Corporation (NYSE:NJR)

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