$122 Million Quarterly Profit and 7% to 9% Growth Target: Why NJR Stock Is a $34 Million Portfolio Bet
The Motley Fool
by newsfeedback@fool.com (Jonathan Ponciano)February 14, 2026
AI-Generated Deep Dive Summary
Bragg Financial Advisors significantly increased its holdings in New Jersey Resources (NYSE: NJR) by acquiring 205,627 shares during the fourth quarter of 2023, valued at approximately $9.5 million based on quarterly average pricing. This move highlights growing confidence in NJR's stock, as the value of Bragg's position rose by $8.39 million due to both share purchases and favorable price movements. With a focus on regulated gas distribution and renewable energy ventures, NJR has demonstrated strong financial performance, reporting a quarterly profit of $122 million and setting a target for 7% to 9% annual growth.
New Jersey Resources operates as a diversified energy services holding company, serving over 500,000 customers in the Northeast. The company's strategic focus on clean energy initiatives aligns with broader market trends toward sustainability and renewable resources. This positioning appears
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Originally published on The Motley Fool on 2/14/2026