New Jersey Resources (NJR)

• Market cap: $4.72B
• 1 day: -0.17%
• 5 days: 4.69%
• 1 month: -0.40%
• 3 months: 0.68%
• 6 months: 2.67%
• Year to date: 1.94%
• 1 year: 12.50%
• 5 years: 7.45%
• 10 years: 44.21%
• Sector: Utilities
• Industry: Natural Gas Distribution

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

111% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 27

28% more repeat investments, than reductions

Existing positions increased: 137 | Existing positions reduced: 107

9% more capital invested

Capital invested by funds: $3.13B [Q2] → $3.4B (+$276M) [Q3]

8% more funds holding

Funds holding: 333 [Q2] → 359 (+26) [Q3]

0.97% less ownership

Funds ownership: 73.96% [Q2] → 72.99% (-0.97%) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $49 4% upside
• Avg. target: $52 11% upside
• High target: $54 14% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

JP Morgan Richard Sunderland 60% 1-year accuracy 3 / 5 met price target	14% upside $54	Overweight Upgraded	12 Dec 2024
Wells Fargo Sarah Akers 62% 1-year accuracy 8 / 13 met price target	14% upside $54	Equal-Weight Maintained	27 Nov 2024
Guggenheim Shahriar Pourreza 74% 1-year accuracy 14 / 19 met price target	4% upside $49	Neutral Maintained	27 Nov 2024