Were Analysts Bearish New Jersey Resources Corporation (NYSE:NJR) This Week?

April 23, 2018 - By Migdalia James

Investors sentiment decreased to 1.22 in 2017 Q4. Its down 0.06, from 1.28 in 2017Q3. It is negative, as 18 investors sold New Jersey Resources Corporation shares while 69 reduced holdings. 38 funds opened positions while 68 raised stakes. 55.00 million shares or 1.03% more from 54.44 million shares in 2017Q3 were reported.
Northern Tru Corporation reported 1.29M shares. Mutual Of America Mngmt Limited Liability reported 70,301 shares. Peak6 Investments Lp has 0% invested in New Jersey Resources Corporation (NYSE:NJR) for 1,538 shares. Pennsylvania-based Federated Pa has invested 0% in New Jersey Resources Corporation (NYSE:NJR). Wellington Mngmt Gru Llp holds 844,743 shares. Kbc Gru Nv holds 0% of its portfolio in New Jersey Resources Corporation (NYSE:NJR) for 8,812 shares. Louisiana State Employees Retirement Systems reported 0.04% stake. Ingalls & Snyder Ltd has invested 0.03% in New Jersey Resources Corporation (NYSE:NJR). Northwestern Mutual Wealth has invested 0% in New Jersey Resources Corporation (NYSE:NJR). Eaton Vance Mgmt reported 38,987 shares stake. Goldman Sachs Gp holds 2.27 million shares. State Street accumulated 5.97 million shares or 0.02% of the stock. Pnc Financial Group has invested 0% in New Jersey Resources Corporation (NYSE:NJR). Principal Gru stated it has 367,285 shares or 0.01% of all its holdings. Bnp Paribas Arbitrage reported 101,715 shares.

Since February 14, 2018, it had 0 insider purchases, and 1 sale for $99,222 activity.

New Jersey Resources Corporation (NYSE:NJR) Ratings Coverage

Among 2 analysts covering New Jersey Resources (NYSE:NJR), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. New Jersey Resources had 2 analyst reports since November 22, 2017 according to SRatingsIntel. The company was maintained on Tuesday, January 2 by Guggenheim. The stock has “Buy” rating by Janney Capital on Wednesday, November 22. Below is a list of New Jersey Resources Corporation (NYSE:NJR) latest ratings and price target changes.

02/01/2018 Broker: Guggenheim Rating: Buy New Target: $44.0 Maintain
22/11/2017 Broker: Janney Capital Old Rating: Neutral New Rating: Buy Upgrade

The stock increased 0.62% or $0.25 during the last trading session, reaching $40.6. About 324,622 shares traded. New Jersey Resources Corporation (NYSE:NJR) has declined 0.63% since April 23, 2017 and is downtrending. It has underperformed by 12.18% the S&P500.

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company has market cap of $3.56 billion. The firm operates through Natural Gas Distribution, Clean Energy Ventures, Energy Services, Midstream, and Home Services and Other divisions. It has a 15.98 P/E ratio. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 521,200 residential and commercial clients in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets.

New Jersey Resources Corporation (NYSE:NJR) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.