According to the most recent Form 13F filing that SG Americas Securities LLC submitted to the Securities and Exchange Commission, the company increased its holdings of New Jersey Resources Co. (NYSE: NJR) during the third quarter by 78.6%. As a result of the company’s purchase of an additional 11,153 shares of the utility services provider’s stock during the period, it now has 25,341 shares of the utility services provider’s stock in its possession. The most recent disclosure that SG Americas Securities LLC made to the Securities and Exchange Commission indicated that the value of the company’s holdings in New Jersey Resources was $980,000. This information was provided to the SEC by the company.
Several well-known investors have recently made modifications to the number of shares of the company’s stock they own. During the third quarter, Moody’s National Bank’s Trust Division made an additional investment in New Jersey Resources by purchasing a share, bringing the bank’s total investment to approximately $388,000.During the third quarter, Strategy Asset Managers LLC increased its stake in New Jersey Resources by purchasing additional shares, bringing the total value of the company’s investments to approximately $339,000. During the second quarter of 2018, Alps Advisors Inc. made a new investment in New Jersey Resources. The value of this investment was approximately $350,000. During the second quarter, BNP Paribas Arbitrage SA acquired an additional 38.9% of New Jersey Resources, bringing the total percentage of the company it owns to 100%. Following the acquisition of a further 15,829 shares throughout the period above, BNP Paribas Arbitrage SA now holds a total of 56,473 shares of the utility service provider’s stock. Each share of this stock has a current market value of $2,515,000. Confluence Investment Management LLC increased the proportion of its holdings in New Jersey Resources by 1.3% during the third quarter and added this investment to its portfolio. Confluence Investment Management LLC now has a total of 434,538 shares of the utility provider’s stock, worth a combined total of $16,817,000, after purchasing an additional 5,462 shares during the quarter. This brings the total number of shares owned by the company to a total of 434,538. Most of the company’s shares are owned by institutional investors and hedge funds, which account for 74.09% of the total.
Recent comments contain the viewpoints of several equity analysts who were asked about the company. You can read their responses here. StockNews.com changed its previous recommendation for New Jersey Resources from “sell” to “hold” in a report made public on Friday, January 13th. The report was made available to the general public. Guggenheim lowered their price target on New Jersey Resources from $41.00 to $40.00 in a report issued on October 24th and published on October 24th. In a report that was made public on January 10th, Wells Fargo & Company lowered its “equal weight” rating on New Jersey Resources to $50.00 and l