NYSE:NJR New Jersey Resources (NJR) Stock Price, News & Analysis → AI Cracks Open Largest Untapped Energy Reserve on Earth (From Banyan Hill Publishing) (Ad) Free NJR Stock Alerts $41.26 -0.45 (-1.08%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$41.08▼$41.7250-Day Range$39.48▼$44.0652-Week Range$38.92▼$55.84Volume652,483 shsAverage Volume507,526 shsMarket Capitalization$4.06 billionP/E Ratio16.91Dividend Yield4.07%Price Target$45.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get New Jersey Resources alerts: Email Address New Jersey Resources MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside9.1% Upside$45.00 Price TargetShort InterestBearish2.40% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.39Based on 4 Articles This WeekInsider TradingSelling Shares$158,514 Sold Last QuarterProj. Earnings Growth-3.40%From $2.94 to $2.84 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.64 out of 5 starsUtilities Sector74th out of 92 stocksNatural Gas Distribution Industry9th out of 12 stocks 1.0 Analyst's Opinion Consensus RatingNew Jersey Resources has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $45.00, New Jersey Resources has a forecasted upside of 9.1% from its current price of $41.26.Amount of Analyst CoverageNew Jersey Resources has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.40% of the outstanding shares of New Jersey Resources have been sold short.Short Interest Ratio / Days to CoverNew Jersey Resources has a short interest ratio ("days to cover") of 4.4.Change versus previous monthShort interest in New Jersey Resources has recently increased by 11.32%, indicating that investor sentiment is decreasing significantly. Previous Next 5.0 Dividend Strength Dividend LeadershipNew Jersey Resources is a leading dividend payer. It pays a dividend yield of 4.03%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthNew Jersey Resources has been increasing its dividend for 28 years.Dividend CoverageThe dividend payout ratio of New Jersey Resources is 68.85%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, New Jersey Resources will have a dividend payout ratio of 59.15% next year. This indicates that New Jersey Resources will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NJR. Previous Next 1.9 News and Social Media Coverage News SentimentNew Jersey Resources has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Utilities companies.News Coverage This WeekMarketBeat has tracked 4 news articles for New Jersey Resources this week, compared to 4 articles on an average week.Search InterestOnly 1 people have searched for NJR on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.MarketBeat Follows4 people have added New Jersey Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, New Jersey Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $158,514.00 in company stock.Percentage Held by InsidersOnly 0.75% of the stock of New Jersey Resources is held by insiders.Percentage Held by Institutions73.08% of the stock of New Jersey Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for New Jersey Resources are expected to decrease by -3.40% in the coming year, from $2.94 to $2.84 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Jersey Resources is 16.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.99.Price to Earnings Ratio vs. SectorThe P/E ratio of New Jersey Resources is 16.91, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 81.23.Price to Earnings Growth RatioNew Jersey Resources has a PEG Ratio of 2.36. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioNew Jersey Resources has a P/B Ratio of 2.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyThe world’s greatest investmentI believe this could change your life forever. I’m talking about transforming everything for you, financially. You see, a rare market anomaly has emerged that I believe is going to make some people very wealthy. Almost nobody in the mainstream media or Wall Street has connected the dots on what’s going on, but that ignorance won’t last for long. When they wake up to this situation, billions of dollars will flood in.Click here now to sign up About New Jersey Resources Stock (NYSE:NJR)New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, and Indiana. The Energy Services segment maintains and operates natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services in the United States and Canada. The Storage and Transportation segment invests in invests in energy-related ventures. It provides heating, ventilation, and cooling services; sales and installation of appliances; offers solar equipment installation, and plumbing repair and installation services; and holds commercial real estate properties. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.Read More NJR Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NJR Stock News HeadlinesMarch 18, 2024 | msn.com7 top-tier New Jersey towns for retirees, according to World AtlasMarch 16, 2024 | finance.yahoo.comNJR Aug 2024 30.000 putMarch 19, 2024 | Colonial Metals (Ad)Central Bank Gold Heist In ProgressWhen central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.March 12, 2024 | msn.comDrew Forest among list of North Jersey projects to get federal funds. See full listMarch 11, 2024 | msn.comReport: New Jersey and US were not prepared for COVID-19 and state remains so for the next crisisMarch 7, 2024 | finance.yahoo.comCI RENEWABLES LLC AND NJR CLEAN ENERGY VENTURES FORM SOLAR DEVELOPMENT PARTNERSHIPFebruary 15, 2024 | seekingalpha.comNew Jersey Resources Corporation: Fantastic Dividend Payer Likely To Stay That WayFebruary 8, 2024 | finance.yahoo.comNew Jersey Resources First Quarter 2024 Earnings: EPS Beats Expectations, Revenues LagMarch 19, 2024 | Weiss Ratings (Ad)The ONE AI sSock to own now. (It’s not Nvidia.)Don’t panic — you haven’t missed the boat on AI. In fact, it has barely launched. Sure, the early stages of this boom were big … But I believe the real wealth in AI has yet to be made …February 7, 2024 | msn.comNew Jersey Resources Corporation Hosts Strategic Webcast PresentationFebruary 7, 2024 | markets.businessinsider.comHold Rating on New Jersey Resources Amidst Mixed Financial and Regulatory OutlookFebruary 7, 2024 | finance.yahoo.comNew Jersey Resources Corporation (NYSE:NJR) Q1 2024 Earnings Call TranscriptFebruary 6, 2024 | finance.yahoo.comNew Jersey Resources Corporation: New Jersey Resources Earnings: January Cold Snap Boosts OutlookFebruary 6, 2024 | seekingalpha.comNew Jersey Resources Corporation 2024 Q1 - Results - Earnings Call PresentationFebruary 6, 2024 | msn.comNew Jersey Resources Non-GAAP EPS of $0.74 beats by $0.02, revenue of $467.21MFebruary 6, 2024 | markets.businessinsider.comNew Jersey Resources Boosts FY24 NFE Outlook; Q1 Profit DeclinesFebruary 6, 2024 | finance.yahoo.comNew Jersey Resources Reports Fiscal 2024 First-Quarter Results; Increases Net Financial Earnings Guidance for Fiscal 2024February 6, 2024 | finance.yahoo.comNew Jersey Resources Corp Reports Mixed Fiscal 2024 First-Quarter ResultsFebruary 5, 2024 | markets.businessinsider.comNew Jersey Resources earnings: here's what Wall Street expectsFebruary 2, 2024 | finance.yahoo.comNew Jersey Resources Corporation: New Jersey Resources: Rate Case Will Test Regulatory RelationshipsFebruary 1, 2024 | msn.comNew Jersey Resources Announces Base Rate Case FilingJanuary 31, 2024 | finance.yahoo.comNew Jersey Natural Gas Files Base Rate Case With the New Jersey Board of Public UtilitiesJanuary 30, 2024 | finance.yahoo.comEarnings Preview: New Jersey Resources (NJR) Q1 Earnings Expected to DeclineJanuary 25, 2024 | finance.yahoo.comNews Flash: Analysts Just Made A Sizeable Upgrade To Their New Jersey Resources Corporation (NYSE:NJR) ForecastsJanuary 24, 2024 | msn.comNew Jersey Resources declares $0.42 dividendJanuary 24, 2024 | finance.yahoo.comNew Jersey Resources Hosts 71st Annual MeetingJanuary 24, 2024 | finance.yahoo.comNew Jersey Resources Board of Directors Declares Quarterly DividendSee More Headlines Receive NJR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for New Jersey Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 1/2 Dividend12/12/2023Dividend Payable1/02/2024Last Earnings2/06/2024Ex-Dividend for 4/1 Dividend3/12/2024Today3/19/2024Dividend Payable4/01/2024Next Earnings (Estimated)5/02/2024Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorUtilities Industry Natural gas distribution Sub-IndustryGas Utilities Current SymbolNYSE:NJR CUSIP64602510 CIK356309 Webwww.njresources.com Phone(732) 938-1000Fax732-938-3154Employees1,350Year FoundedN/APrice Target and Rating Average Stock Price Target$45.00 High Stock Price Target$47.00 Low Stock Price Target$42.00 Potential Upside/Downside+9.1%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.44 Trailing P/E Ratio16.91 Forward P/E Ratio14.03 P/E Growth2.37Net Income$264.72 million Net Margins13.96% Pretax Margin15.98% Return on Equity11.13% Return on Assets3.46% Debt Debt-to-Equity Ratio1.33 Current Ratio0.70 Quick Ratio0.47 Sales & Book Value Annual Sales$1.96 billion Price / Sales2.07 Cash Flow$4.20 per share Price / Cash Flow9.82 Book Value$20.41 per share Price / Book2.02Miscellaneous Outstanding Shares98,300,000Free Float97,567,000Market Cap$4.06 billion OptionableOptionable Beta0.63 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Stephen D. Westhoven (Age 56)President, CEO & Director Comp: $2.4MMr. Roberto F. Bel (Age 51)Senior VP, CFO & Principal Financial Officer Comp: $736.39kMs. Lori DelGiudice (Age 49)Senior Vice President of Human Resources Comp: $577kMr. Patrick J. Migliaccio (Age 50)Senior VP & COO of New Jersey Natural Gas Comp: $915.35kMs. Amy Cradic (Age 52)Senior VP and COO of Non-Utility Businesses, Strategy & External Affairs Comp: $793.15kMr. Stephen M. Skrocki (Age 48)Principal Accounting Officer & Corporate Controller Ms. Jacqueline K. Shea (Age 60)Senior VP & Chief Information Officer Mr. Adam PriorDirector of Investor RelationsMr. Richard Reich (Age 50)Senior VP & General Counsel Comp: $640.22kMr. David Johnson (Age 55)Vice President of Corporate Business Development More ExecutivesKey CompetitorsNational Fuel GasNYSE:NFGONE GasNYSE:OGSSpireNYSE:SRPortland General ElectricNYSE:POREnel ChileNYSE:ENICView All CompetitorsInsiders & InstitutionsB. Riley Wealth Advisors Inc.Bought 10,397 shares on 3/15/2024Ownership: 0.011%Hennessy Advisors Inc.Sold 3,300 shares on 3/14/2024Ownership: 0.129%Vanguard Group Inc.Bought 332,420 shares on 3/11/2024Ownership: 12.103%Wellington Management Group LLPBought 92,152 shares on 3/5/2024Ownership: 0.834%Goldman Sachs Group Inc.Sold 45,062 shares on 3/1/2024Ownership: 0.638%View All Insider TransactionsView All Institutional Transactions NJR Stock Analysis - Frequently Asked Questions Should I buy or sell New Jersey Resources stock right now? 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. What is New Jersey Resources' stock price target for 2024? 3 analysts have issued 12-month target prices for New Jersey Resources' stock. Their NJR share price targets range from $42.00 to $47.00. On average, they anticipate the company's share price to reach $45.00 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price. View analysts price targets for NJR or view top-rated stocks among Wall Street analysts. How have NJR shares performed in 2024? New Jersey Resources' stock was trading at $44.58 at the beginning of the year. Since then, NJR shares have decreased by 7.4% and is now trading at $41.26. View the best growth stocks for 2024 here. Are investors shorting New Jersey Resources? New Jersey Resources saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 2,120,000 shares, an increase of 35.0% from the January 31st total of 1,570,000 shares. Based on an average daily trading volume, of 530,200 shares, the short-interest ratio is currently 4.0 days. View New Jersey Resources' Short Interest. When is New Jersey Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our NJR earnings forecast. How were New Jersey Resources' earnings last quarter? New Jersey Resources Co. (NYSE:NJR) released its quarterly earnings results on Tuesday, February, 6th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $0.15. The utilities provider had revenue of $467.20 million for the quarter, compared to the consensus estimate of $812.66 million. New Jersey Resources had a trailing twelve-month return on equity of 11.13% and a net margin of 13.96%. The firm's quarterly revenue was down 35.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 EPS. How often does New Jersey Resources pay dividends? What is the dividend yield for New Jersey Resources? New Jersey Resources announced a quarterly dividend on Wednesday, January 24th. Shareholders of record on Wednesday, March 13th will be paid a dividend of $0.42 per share on Monday, April 1st. This represents a $1.68 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Tuesday, March 12th. Read our dividend analysis for NJR. Is New Jersey Resources a good dividend stock? New Jersey Resources (NYSE:NJR) pays an annual dividend of $1.68 per share and currently has a dividend yield of 4.03%. 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 68.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NJR will have a dividend payout ratio of 59.15% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for NJR. What ETFs hold New Jersey Resources' stock? ETFs with the largest weight of New Jersey Resources (NYSE:NJR) stock in their portfolio include Invesco Dorsey Wright Utilities Momentum ETF (PUI), SPDR 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). When did New Jersey Resources' stock split? 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 issued 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. What guidance has New Jersey Resources issued on next quarter's earnings? New Jersey Resources updated its FY24 earnings guidance on Tuesday, February, 6th. The company provided EPS guidance of $2.85-3.00 for the period, compared to the consensus estimate of $2.79. What is Laurence M. Downes' approval rating as New Jersey Resources' CEO? 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. What other stocks do shareholders of New Jersey Resources own? 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). Who are New Jersey Resources' major shareholders? New Jersey Resources' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.10%), Vanguard Group Inc. (12.10%), Dimensional Fund Advisors LP (2.73%), Wells Fargo & Company MN (2.48%), First Trust Advisors LP (1.59%) and Northern Trust Corp (1.21%). 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. How do I buy shares of New Jersey Resources? Shares of NJR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:NJR) was last updated on 3/19/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial MetalsLike Tiny Crypto Retirement FundsCrypto 101 MediaThe world’s greatest investmentPorter & CompanyBiden out June 13?Paradigm PressMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceSHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academytop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders Agency Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding New Jersey Resources Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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