SCHEDULE 13G/A: Vanguard Group Discloses 11.02% Stake in New Jersey Resources Corp

The Vanguard Group has filed an amended Schedule 13G, revealing an 11.02% beneficial ownership stake in New Jersey Resources Corp as of March 31, 2025.

Summary

• The Vanguard Group beneficially owns 11,059,550 shares of New Jersey Resources Corp common stock.
• This ownership represents 11.02% of the total class of securities.
• The Vanguard Group holds sole dispositive power over 10,886,954 shares and shared dispositive power over 172,596 shares.
• The firm has shared voting power over 65,133 shares and no sole voting power.
• This filing is Amendment No. 17 to Schedule 13G, indicating an update to a previously reported stake.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that directly impacts sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Management Comments

• The Vanguard Group certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by The Vanguard Group may provide a sense of stability and institutional confidence in New Jersey Resources Corp.

Key Dates

Keywords

New Jersey Resources Corp, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, NJR