New Jersey Resources (NJR) EPS Estimated At $0.59; Eaton Vance Tax-managed Buy-write Opportunities Fund (ETV)’s Sentiment Is 1.5

January 14, 2018 - By Stephen Andrade

Analysts expect New Jersey Resources Corporation (NYSE:NJR) to report $0.59 EPS on February, 14.They anticipate $0.13 EPS change or 28.26% from last quarter’s $0.46 EPS. NJR’s profit would be $51.28M giving it 16.72 P/E if the $0.59 EPS is correct. After having $-0.14 EPS previously, New Jersey Resources Corporation’s analysts see -521.43% EPS growth. The stock decreased 0.25% or $0.1 during the last trading session, reaching $39.45. About 672,703 shares traded or 31.98% up from the average. New Jersey Resources Corporation (NYSE:NJR) has risen 17.31% since January 14, 2017 and is uptrending. It has outperformed by 0.61% the S&P500.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The company has market cap of $1.03 billion. It is co-managed by Parametric Portfolio Associates LLC. It has a 8.84 P/E ratio. The fund invests in the public equity markets of the United States.

Among 8 analysts covering New Jersey Resources Corp (NYSE:NJR), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. New Jersey Resources Corp had 13 analyst reports since August 18, 2015 according to SRatingsIntel. On Tuesday, January 2 the stock rating was maintained by Guggenheim with “Buy”. Janney Capital upgraded the shares of NJR in report on Wednesday, November 22 to “Buy” rating. Zacks downgraded the shares of NJR in report on Tuesday, August 18 to “Buy” rating. The firm has “Buy” rating given on Monday, January 4 by Argus Research. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, January 6. The company was downgraded on Thursday, March 31 by Janney Capital. As per Monday, September 7, the company rating was upgraded by Zacks. The firm has “Hold” rating given on Wednesday, March 30 by BB&T Capital. The rating was maintained by Bank of America with “Underperform” on Wednesday, August 23. The company was maintained on Monday, August 28 by Argus Research.

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 $3.43 billion. The firm operates through Natural Gas Distribution, Clean Energy Ventures, Energy Services, Midstream, and Home Services and Other divisions. It has a 25.95 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.

Investors sentiment decreased to 1.28 in Q3 2017. Its down 0.17, from 1.45 in 2017Q2. It is negative, as 19 investors sold New Jersey Resources Corporation shares while 56 reduced holdings. 30 funds opened positions while 66 raised stakes. 54.44 million shares or 0.16% less from 54.53 million shares in 2017Q2 were reported. Franklin Resource, a California-based fund reported 9,855 shares. 39,926 were accumulated by Voya Invest Mngmt Limited Liability. Yorktown Management And Commerce has invested 0.1% in New Jersey Resources Corporation (NYSE:NJR). Fulton Bank & Trust Na stated it has 5,400 shares. 822,545 were accumulated by Wellington Gru Llp. Louisiana State Employees Retirement accumulated 23,100 shares or 0.05% of the stock. Proshare Advisors Limited Co holds 410,322 shares. Comerica Bancshares holds 78,742 shares. 8,010 were accumulated by Westwood Holdg Group. New York State Teachers Retirement System stated it has 172,564 shares or 0.02% of all its holdings. 26,952 are owned by Silvercrest Asset Management Gp Ltd Limited Liability Company. Hightower Advisors Limited Company holds 0% or 5,248 shares in its portfolio. Kistler holds 0.05% or 2,900 shares. Americafirst Cap Mngmt Llc has 10,514 shares. Opus Investment Mgmt Incorporated has 28,000 shares for 0.27% of their portfolio.

Athena Capital Advisors Llc holds 1.42% of its portfolio in Eaton Vance Tax-Managed Buy-Write Opportunities Fund for 359,192 shares. Naples Global Advisors Llc owns 187,753 shares or 0.96% of their US portfolio. Moreover, Jacobus Wealth Management Inc. has 0.79% invested in the company for 197,954 shares. The California-based Strategic Wealth Advisors Group Llc has invested 0.66% in the stock. Kistler, a Alabama-based fund reported 42,781 shares.

The stock decreased 0.06% or $0.01 during the last trading session, reaching $15.48. About 134,302 shares traded. Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) has risen 4.64% since January 14, 2017 and is uptrending. It has underperformed by 12.06% the S&P500.

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