About NewJersey Resources Corporation (NYSE:NJR)
New Jersey Resources Corporation is an energy services holding company. The Company's business is the distribution of natural gas through a regulated utility, which provides other retail and wholesale energy services to customers and investing in clean energy projects and midstream assets. It operates in four business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream. The Natural Gas Distribution segment consists of regulated natural gas services, off-system sales, capacity and storage management operations. The Energy Services segment consists of unregulated wholesale energy operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Midstream segment consists of investments in the midstream natural gas market, such as natural gas transportation and storage facilities. The Home Services and Other operations consist of heating, cooling and water appliance sales and installations, among others.
Industry, Sector and Symbol:
- Sector: Utilities
- Industry: Natural Gas Distribution
- Sub-Industry: Gas Utilities
- Symbol: NYSE:NJR
- CUSIP: 64602510
- Web: www.njresources.com
- Market Cap: $3.78608 billion
- Outstanding Shares: 86,539,000
- 50 Day Moving Avg: $42.94
- 200 Day Moving Avg: $41.84
- 52 Week Range: $32.05 - $44.30
Sales & Book Value:
- Trailing P/E Ratio: 19.61
- Foreward P/E Ratio: 23.40
- P/E Growth: 4.20
- Annual Revenue: $2.2 billion
- Price / Sales: 1.72
- Book Value: $14.86 per share
- Price / Book: 2.94
- Annual Dividend: $1.09
- Dividend Yield: 2.5%
- EBITDA: $321.77 million
- Net Margins: 8.81%
- Return on Equity: 12.77%
- Return on Assets: 4.10%
- Debt-to-Equity Ratio: 0.70%
- Current Ratio: 0.82%
- Quick Ratio: 0.55%
- Average Volume: 329,658 shs.
- Beta: 0.46
- Short Ratio: 8.71
Frequently Asked Questions for NewJersey Resources Corporation (NYSE:NJR)
What is NewJersey Resources Corporation's stock symbol?
NewJersey Resources Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "NJR."
How often does NewJersey Resources Corporation pay dividends? What is the dividend yield for NewJersey Resources Corporation?
NewJersey Resources Corporation declared a quarterly dividend on Tuesday, July 11th. Investors of record on Friday, September 22nd will be given a dividend of $0.255 per share on Monday, October 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Thursday, September 21st. View NewJersey Resources Corporation's Dividend History.
When did NewJersey Resources Corporation's stock split? How did NewJersey Resources Corporation's stock split work?
Shares of NewJersey Resources Corporation split before market open on Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly created shares were payable to shareholders after the closing bell on Tuesday, March 3rd 2015. An investor that had 100 shares of NewJersey Resources Corporation stock prior to the split would have 200 shares after the split.
How were NewJersey Resources Corporation's earnings last quarter?
NewJersey Resources Corporation (NYSE:NJR) released its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.20 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.01 by $0.19. The company had revenue of $457.52 million for the quarter, compared to analyst estimates of $410.24 million. NewJersey Resources Corporation had a net margin of 8.81% and a return on equity of 12.77%. The company's revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 earnings per share. View NewJersey Resources Corporation's Earnings History.
When will NewJersey Resources Corporation make its next earnings announcement?
What guidance has NewJersey Resources Corporation issued on next quarter's earnings?
NewJersey Resources Corporation issued an update on its FY17 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $1.65-1.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.73.
Where is NewJersey Resources Corporation's stock going? Where will NewJersey Resources Corporation's stock price be in 2017?
4 brokers have issued twelve-month price objectives for NewJersey Resources Corporation's shares. Their predictions range from $36.00 to $49.00. On average, they anticipate NewJersey Resources Corporation's share price to reach $39.75 in the next year. View Analyst Ratings for NewJersey Resources Corporation.
Who are some of NewJersey Resources Corporation's key competitors?
Who are NewJersey Resources Corporation's key executives?
NewJersey Resources Corporation's management team includes the folowing people:
- Laurence M. Downes, Non Independent Chairman of the Board, President, Chief Executive Officer
- Patrick J. Migliaccio, Chief Financial Officer, Senior Vice President
- Amanda E. Mullan, Chief Human Resource Officer, Vice President
- Kathleen T. Ellis, Executive Vice President - Policy and Strategic Development
- Glenn C. Lockwood, Executive Vice President
- Jacqueline K. Shea, Chief Information Officer, Vice President
- Stephen D. Westhoven, Senior Vice President and Chief Operating Officer, NJRES and NJR Clean Energy Ventures
- Lawrence R. Codey, Lead Independent Director
- Maureen A. Borkowski, Director
- Thomas C. O'Connor, Director
Who owns NewJersey Resources Corporation stock?
NewJersey Resources Corporation's stock is owned by a number of of institutional and retail investors. Top institutional investors include Mutual of America Capital Management LLC (0.08%), APG Asset Management N.V. (0.04%), State Treasurer State of Michigan (0.04%), Eqis Capital Management Inc. (0.02%) and Meeder Asset Management Inc. (0.01%). Company insiders that own NewJersey Resources Corporation stock include George R Zoffinger, Jane M Kenny, M William Howard Jr, M William Howard, Jr, Mariellen Dugan and Patrick J Migliaccio. View Institutional Ownership Trends for NewJersey Resources Corporation.
Who sold NewJersey Resources Corporation stock? Who is selling NewJersey Resources Corporation stock?
NewJersey Resources Corporation's stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan. Company insiders that have sold NewJersey Resources Corporation stock in the last year include Jane M Kenny, M William Howard, Jr and Patrick J Migliaccio. View Insider Buying and Selling for NewJersey Resources Corporation.
Who bought NewJersey Resources Corporation stock? Who is buying NewJersey Resources Corporation stock?
How do I buy NewJersey Resources Corporation stock?
Shares of NewJersey Resources Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is NewJersey Resources Corporation's stock price today?
MarketBeat Community Rating for NewJersey Resources Corporation (NYSE NJR)MarketBeat's community ratings are surveys of what our community members think about NewJersey Resources Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of NewJersey Resources Corporation stock can currently be purchased for approximately $43.75.
Consensus Ratings for NewJersey Resources Corporation (NYSE:NJR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 1 Hold Rating, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.25)|
|Consensus Price Target: ||$39.75 (9.14% downside)|Consensus Price Target History for NewJersey Resources Corporation (NYSE:NJR)
Analysts' Ratings History for NewJersey Resources Corporation (NYSE:NJR)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/28/2017||Argus||Boost Price Target||Buy||$46.00 -> $49.00||Low|
|8/23/2017||Bank of America Corporation||Boost Price Target||Underperform||$35.00 -> $38.00||Low|
|12/21/2016||Seaport Global Securities||Initiated Coverage||Neutral||$36.00||N/A|
|6/1/2016||Wells Fargo & Company||Initiated Coverage||Market Perform||N/A|
|3/31/2016||Janney Montgomery Scott||Downgrade||Buy -> Neutral||N/A|
|3/30/2016||BB&T Corporation||Initiated Coverage||Hold||N/A|
|1/13/2016||Ladenburg Thalmann Financial Services||Initiated Coverage||Neutral||$33.50||N/A|
Earnings History for NewJersey Resources Corporation (NYSE:NJR)Earnings History by Quarter for NewJersey Resources Corporation (NYSE NJR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q3 2017||$0.01||$0.20||$410.24 million||$457.52 million||View||Listen|
|5/5/2017||Q2 2017||$1.00||$1.21||$617.10 million||$733.55 million||View||N/A|
|2/8/2017||Q117||$0.61||$0.47||$470.13 million||$541.03 million||View||Listen|
|11/17/2016||Q416||$0.01||($0.02)||$449.98 million||$469.24 million||View||N/A|
|8/2/2016||Q316||$0.14||$0.13||$425.99 million||$393.21 million||View||N/A|
|5/4/2016||Q216||$0.91||$0.91||$1.08 billion||$574.19 million||View||N/A|
|2/3/2016||Q116||$0.56||$0.58||$858.22 million||$444.30 million||View||N/A|
|11/24/2015||Q415||($0.08)||($0.06)||$611.33 million||$438.30 million||View||Listen|
|7/31/2015||Q315||$0.05||$0.03||$678.42 million||$458.50 million||View||Listen|
|5/7/2015||Q215||$0.95||$1.16||$1.15 billion||$1.01 billion||View||N/A|
|2/4/2015||Q115||$1.00||$1.30||$943.50 million||$824.12 million||View||N/A|
|11/25/2014||Q414||($0.53)||($0.46)||$561.30 million||$591.90 million||View||N/A|
|7/31/2014||Q314||($0.10)||$0.11||$780.00 million||$560.63 million||View||Listen|
|5/7/2014||Q214||$2.72||$3.61||$1.01 billion||$1.05 billion||View||Listen|
|2/6/2014||Q114||$0.94||$0.95||$769.77 million||$878.41 million||View||Listen|
|11/25/2013||Q4||($0.02)||($0.01)||$580.21 million||$615.50 million||View||Listen|
|8/7/2013||Q3 2013||$0.22||$0.23||$436.21 million||$767.50 million||View||N/A|
|5/2/2013||Q2 2013||$1.63||$1.64||$559.93 million||$960.90 million||View||N/A|
|2/7/2013||Q1 2013||$0.99||$0.85||$563.27 million||$736.00 million||View||N/A|
Earnings Estimates for NewJersey Resources Corporation (NYSE:NJR)
2017 EPS Consensus Estimate: $1.32
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for NewJersey Resources Corporation (NYSE:NJR)
|Most Recent Dividend:||10/2/2017|
|Dividend Growth:||16.90% (3 Year Average)|
|Payout Ratio:||48.88% (Trailing 12 Months of Earnings) |
62.64% (Based on This Year's Estimates)
58.29% (Based on Next Year's Estimates)
|Track Record:||21 Years of Consecutive Dividend Growth|
Dividend History by Quarter for NewJersey Resources Corporation (NYSE NJR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for NewJersey Resources Corporation (NYSE:NJR)
Insider Ownership Percentage: 1.50%Insider Trades by Quarter for NewJersey Resources Corporation (NYSE:NJR)
Institutional Ownership Percentage: 64.00%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/24/2017||Jane M Kenny||Director||Sell||3,000||$39.43||$118,290.00|| |
|12/23/2016||Patrick J Migliaccio||VP||Sell||1,366||$36.22||$49,476.52|| |
|12/20/2016||M William Howard, Jr.||Director||Sell||1,000||$36.93||$36,930.00|| |
|5/17/2016||George R Zoffinger||Director||Sell||9,743||$34.77||$338,764.11|| |
|3/23/2016||Mariellen Dugan||VP||Sell||9,511||$35.60||$338,591.60|| |
|3/16/2016||Jane M Kenny||Director||Sell||4,500||$35.00||$157,500.00|| |
|3/14/2016||Patrick J Migliaccio||CFO||Sell||1,800||$34.45||$62,010.00|| |
|3/8/2016||M William Howard Jr||Director||Sell||2,000||$35.00||$70,000.00|| |
|12/15/2014||Mariellen Dugan||VP||Sell||4,500||$57.92||$260,640.00|| |
|12/11/2014||Stephen D Westhoven||VP||Sell||5,125||$60.00||$307,500.00|| |
|5/20/2014||Deborah Zilai||VP||Sell||3,375||$52.54||$177,322.50|| |
|3/19/2014||Mariellen Dugan||VP||Sell||4,500||$48.87||$219,915.00|| |
|6/10/2013||Mariellen Dugan||VP||Sell||4,500||$45.37||$204,165.00|| |
Headline Trends for NewJersey Resources Corporation (NYSE:NJR)
Latest Headlines for NewJersey Resources Corporation (NYSE:NJR)
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NewJersey Resources Corporation (NJR) Chart for Sunday, October, 22, 2017