New Jersey Resources Stock Price, News & Analysis (NYSE:NJR) $43.00 +0.80 (+1.90%) (As of 12/1/2023 ET) Add Compare Share Share Today's Range$41.93▼$43.0950-Day Range$39.34▼$43.4752-Week Range$38.92▼$55.84Volume439,691 shsAverage Volume389,658 shsMarket Capitalization$4.20 billionP/E Ratio15.81Dividend Yield3.91%Price Target$45.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media New Jersey Resources MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside5.8% Upside$45.50 Price TargetShort InterestHealthy2.08% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.22Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth7.27%From $2.75 to $2.95 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.51 out of 5 starsUtilities Sector26th out of 86 stocksNatural Gas Distribution Industry3rd out of 11 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 $45.50, New Jersey Resources has a forecasted upside of 5.8% from its current price of $43.00.Amount of Analyst CoverageNew Jersey Resources has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.08% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in New Jersey Resources has recently decreased by 7.73%, indicating that investor sentiment is improving significantly. Previous Next 5.0 Dividend Strength Dividend LeadershipNew Jersey Resources is a leading dividend payer. It pays a dividend yield of 3.98%, 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 61.76%. 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 56.95% 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 2.9 News and Social Media Coverage News SentimentNew Jersey Resources has a news sentiment score of 1.22. 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 is a higher news sentiment than the 0.46 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 2 news articles for New Jersey Resources this week, compared to 4 articles on an average week.MarketBeat Follows4 people have added New Jersey Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, New Jersey Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.72% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for New Jersey Resources are expected to grow by 7.27% in the coming year, from $2.75 to $2.95 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Jersey Resources is 15.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.74.Price to Earnings Ratio vs. SectorThe P/E ratio of New Jersey Resources is 15.81, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 103.07.Price to Earnings Growth RatioNew Jersey Resources has a PEG Ratio of 2.56. 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 2.11. 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 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 HeadlinesNovember 30, 2023 | finance.yahoo.comNew Jersey Resources Corporation: COP28 Highlights U.S. Utilities' Clean Energy Growth PotentialNovember 24, 2023 | stocknews.comIs New Jersey Resources (NJR) Stock a Bargain or a Risk After 14% Decline YTD?December 3, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.November 22, 2023 | finance.yahoo.comAnalysts' Revenue Estimates For New Jersey Resources Corporation (NYSE:NJR) Are Surging HigherNovember 22, 2023 | finance.yahoo.comNew Jersey Resources Corporation: New Jersey Resources Has Growth at Gas Utility and Clean Energy BusinessesNovember 22, 2023 | finance.yahoo.comNew Jersey Resources Corporation (NYSE:NJR) Q4 2023 Earnings Call TranscriptNovember 22, 2023 | finance.yahoo.comQ4 2023 New Jersey Resources Corp Earnings CallNovember 21, 2023 | finance.yahoo.comNew Jersey Resources Corporation: New Jersey Resources Earnings: Core Growth Trending Toward Top of Utilities SectorDecember 3, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.November 21, 2023 | benzinga.comRecap: New Jersey Resources Q4 EarningsNovember 21, 2023 | finance.yahoo.comNew Jersey Resources Reports Fiscal 2023 Fourth-Quarter and Year End ResultsNovember 21, 2023 | finance.yahoo.comNew Jersey Resources Corp Reports Fiscal 2023 Results and Introduces Fiscal 2024 GuidanceNovember 20, 2023 | benzinga.comNew Jersey Resources's Earnings OutlookNovember 14, 2023 | finance.yahoo.comSTATE STREET CORP Adjusts Position in New Jersey Resources CorpNovember 13, 2023 | finance.yahoo.comSouthern (SO) Q3 Earnings Beat as Weather Favors, Costs DeclineNovember 6, 2023 | finance.yahoo.comA Look At The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)November 3, 2023 | seekingalpha.comNew Jersey Resources: Waiting For That Valuation "HOLD"October 31, 2023 | finance.yahoo.comPeter C. Harvey Elected to the Board of Directors of New Jersey ResourcesOctober 25, 2023 | msn.comPhil Murphy signs new NJ law that expands access to reproductive rights resourcesOctober 23, 2023 | finance.yahoo.comWith 74% ownership of the shares, New Jersey Resources Corporation (NYSE:NJR) is heavily dominated by institutional ownersOctober 6, 2023 | finance.yahoo.comInvesting in New Jersey Resources (NYSE:NJR) three years ago would have delivered you a 56% gainOctober 3, 2023 | finance.yahoo.comNew Jersey Resources Corporation: Utilities Finally Feel Heat From Rising Interest Rates; Sector Cheapest Since 2009October 2, 2023 | finance.yahoo.comNew Jersey Natural Gas Names Marissa Travaline Vice President of Customer Service, Marketing and Energy EfficiencySeptember 25, 2023 | msn.comNFG or NJR: Which Is the Better Value Stock Right Now?September 21, 2023 | msn.comNew Jersey Resources raised at J.P. Morgan, foreseeing strong FY 2024 growthSeptember 21, 2023 | marketwatch.com: New Jersey Resources upgraded to neutral from underweight at J.P. MorganSeptember 19, 2023 | finance.yahoo.comUnveiling the Dividend Performance of New Jersey Resources Corp (NJR)See 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 10/2 Dividend9/19/2023Dividend Payable10/02/2023Last Earnings11/21/2023Today12/02/2023Ex-Dividend for 1/2 Dividend12/12/2023Dividend Payable1/02/2024Next Earnings (Estimated)2/01/2024Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Natural gas distribution Sub-IndustryGas Utilities SectorUtilities Current SymbolNYSE:NJR CUSIP64602510 CIK356309 Webwww.njresources.com Phone(732) 938-1000Fax732-938-3154Employees1,350Year FoundedN/APrice Target and Rating Average Stock Price Target$45.50 High Stock Price Target$47.00 Low Stock Price Target$42.00 Potential Upside/Downside+5.8%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.72 Trailing P/E Ratio15.81 Forward P/E Ratio15.64 P/E Growth2.56Net Income$264.72 million Net Margins13.49% Pretax Margin15.80% Return on Equity13.24% Return on Assets4.07% Debt Debt-to-Equity Ratio1.39 Current Ratio0.66 Quick Ratio0.38 Sales & Book Value Annual Sales$1.96 billion Price / Sales2.14 Cash Flow$4.33 per share Price / Cash Flow9.93 Book Value$20.37 per share Price / Book2.11Miscellaneous Outstanding Shares97,710,000Free Float97,005,000Market Cap$4.20 billion OptionableOptionable Beta0.63 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. Stephen D. Westhoven (Age 55)President, CEO & Director Comp: $2.36MMr. Roberto F. Bel (Age 50)Senior VP, CFO & Principal Financial Officer Comp: $685.51kMr. Richard Reich (Age 49)Senior VP & General Counsel Comp: $640.22kMr. Patrick J. Migliaccio (Age 49)Senior VP & COO of New Jersey Natural Gas Comp: $872.79kMs. Amy Cradic (Age 51)Senior VP and COO of Non-Utility Businesses, Strategy & External Affairs Comp: $762.76kMr. Stephen M. Skrocki (Age 47)Principal Accounting Officer & Corporate Controller Ms. Jacqueline K. Shea (Age 59)Senior VP & Chief Information Officer Mr. Adam PriorDirector of Investor RelationsMr. David Johnson (Age 54)Vice President of Corporate Business Development Ms. Marissa Brooks TravalineVice President of Customer Service, Marketing & Energy EfficiencyMore ExecutivesKey CompetitorsNational Fuel GasNYSE:NFGNorthwest NaturalNYSE:NWNONE GasNYSE:OGSSpireNYSE:SRAlgonquin Power & UtilitiesNYSE:AQNView All CompetitorsInsiders & InstitutionsWellington Management Group LLPSold 523,429 shares on 12/1/2023Ownership: 0.745%American Century Companies Inc.Bought 18,713 shares on 11/30/2023Ownership: 0.037%Deutsche Bank AGSold 51,760 shares on 11/24/2023Ownership: 0.139%Graham Capital Management L.P.Bought 35,318 shares on 11/22/2023Ownership: 0.057%Comerica BankBought 49,911 shares on 11/21/2023Ownership: 0.051%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 research analysts have issued "buy," "hold," and "sell" ratings for New Jersey Resources in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research 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 brokerages have issued 12 month price objectives for New Jersey Resources' stock. Their NJR share price targets range from $42.00 to $47.00. On average, they predict the company's share price to reach $45.50 in the next year. This suggests a possible upside of 5.8% 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 2023? New Jersey Resources' stock was trading at $49.62 at the beginning of the year. Since then, NJR shares have decreased by 13.3% and is now trading at $43.00. View the best growth stocks for 2023 here. When is New Jersey Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024. View our NJR earnings forecast. How were New Jersey Resources' earnings last quarter? New Jersey Resources Co. (NYSE:NJR) issued its quarterly earnings results on Tuesday, November, 21st. The utilities provider reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The utilities provider earned $331.30 million during the quarter, compared to analysts' expectations of $759.99 million. New Jersey Resources had a trailing twelve-month return on equity of 13.24% and a net margin of 13.49%. The firm's revenue for the quarter was down 56.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 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 Thursday, November 16th. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.42 per share on Tuesday, January 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Tuesday, December 12th. This is a boost from the stock's previous quarterly dividend of $0.39. 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 3.98%. 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 61.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NJR will have a dividend payout ratio of 56.95% 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 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). When did New Jersey Resources' stock split? New Jersey Resources's stock split before market open on Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly minted 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 FY23 earnings guidance on Tuesday, November, 21st. The company provided earnings per share guidance of $2.70-2.85 for the period, compared to the consensus earnings per share estimate of $2.70. 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 number of institutional and retail investors. Top institutional shareholders include Bank of New York Mellon Corp (1.49%), Northern Trust Corp (1.24%), Morgan Stanley (1.16%), Charles Schwab Investment Management Inc. (1.10%), Massachusetts Financial Services Co. MA (0.87%) and Invesco Ltd. (0.75%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. This page (NYSE:NJR) was last updated on 12/3/2023 by MarketBeat.com Staff 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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