New Jersey Resources (NJR) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Jersey Resources in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NJR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NJR, but not buy additional shares or sell existing shares.
View NJR analyst ratings or view top-rated stocks.

3 brokers have issued 12 month target prices for New Jersey Resources' shares. Their NJR share price forecasts range from $46.00 to $49.00. On average, they anticipate the company's share price to reach $47.25 in the next twelve months. This suggests a possible upside of 13.0% from the stock's current price.
View analysts price targets for NJR or view top-rated stocks among Wall Street analysts.

New Jersey Resources' stock was trading at $49.62 at the beginning of 2023. Since then, NJR shares have decreased by 15.7% and is now trading at $41.81.
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New Jersey Resources saw a decrease in short interest in the month of August. As of August 15th, there was short interest totaling 2,600,000 shares, a decrease of 26.1% from the July 31st total of 3,520,000 shares. Based on an average daily trading volume, of 661,000 shares, the short-interest ratio is currently 3.9 days.
View New Jersey Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
View our NJR earnings forecast.

New Jersey Resources Co. (NYSE:NJR) posted its earnings results on Thursday, August, 3rd. The utilities provider reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.13. The utilities provider had revenue of $264.10 million for the quarter, compared to the consensus estimate of $546.21 million. New Jersey Resources had a net margin of 11.77% and a trailing twelve-month return on equity of 14.49%. New Jersey Resources's revenue was down 52.2% on a year-over-year basis. During the same period last year, the firm posted ($0.04) earnings per share.

New Jersey Resources declared a quarterly dividend on Wednesday, July 12th. Shareholders of record on Wednesday, September 20th will be paid a dividend of $0.39 per share on Monday, October 2nd. This represents a $1.56 annualized dividend and a yield of 3.73%. The ex-dividend date is Tuesday, September 19th.
Read our dividend analysis for NJR.

ETFs with the largest weight of New Jersey Resources (NYSE:NJR) stock in their portfolio include Invesco Dorsey Wright Utilities Momentum ETF (PUI), SPDR S&P Kensho Clean Power ETF (CNRG), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Tortoise North American Pipeline Fund (TPYP), KFA Value Line Dynamic Core Equity Index ETF (KVLE), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Opus Small Cap Value Plus ETF (OSCV) and Nuveen ESG Small-Cap ETF (NUSC).

New Jersey Resources (NYSE:NJR) pays an annual dividend of $1.68 per share and currently has a dividend yield of 3.96%. NJR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 28 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NJR will have a dividend payout ratio of 61.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NJR.

Shares of New Jersey Resources split before market open on Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly issued shares were distributed to shareholders after the closing bell on Tuesday, March 3rd 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

New Jersey Resources updated its FY 2023 earnings guidance on Saturday, August, 12th. The company provided earnings per share (EPS) guidance of $2.62-$2.72 for the period, compared to the consensus earnings per share estimate of $2.67. The company issued revenue guidance of -.

10 employees have rated New Jersey Resources Chief Executive Officer Laurence M. Downes on Glassdoor.com. Laurence M. Downes has an approval rating of 100% among the company's employees. This puts Laurence M. Downes in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other New Jersey Resources investors own include Energy Transfer (ET), CBL & Associates Properties (CBL), Ford Motor (F), AT&T (T), Cornerstone Total Return Fund (CRF), SandRidge Permian Trust (PER), Cornerstone Strategic Value Fund (CLM), Martin Midstream Partners (MMLP), NGL Energy Partners (NGL) and SunCoke Energy Partners (SXCP).

New Jersey Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "NJR."

New Jersey Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.74%), State Street Corp (8.77%), Dimensional Fund Advisors LP (2.81%), Wells Fargo & Company MN (2.72%), Geode Capital Management LLC (1.99%) and Bank of New York Mellon Corp (1.50%). Insiders that own company stock include James H Degraffenreidt Jr, M William Howard Jr, Patrick J Migliaccio, Stephen D Westhoven and Timothy F Shea.
View institutional ownership trends.

Shares of NJR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NJR stock can currently be purchased for approximately $41.81.

New Jersey Resources (NYSE:NJR) has a market capitalization of $4.08 billion and generates $2.91 billion in revenue each year. The utilities provider earns $274.92 million in net income (profit) each year or $2.90 on an earnings per share basis.

The company employs 1,288 workers across the globe.

New Jersey Resources' mailing address is 1415 Wyckoff Road, WALL TOWNSHIP NJ, 07719. The official website for the company is www.njresources.com. The utilities provider can be reached via phone at (732) 938-1000, via email at dpuma@njresources.com, or via fax at 732-938-3154.