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S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
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Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
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DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
NYSE:NJR

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

$42.22
+0.45 (+1.08%)
(As of 03/4/2024 ET)
Today's Range
$41.39
$42.33
50-Day Range
$39.48
$45.32
52-Week Range
$38.92
$55.84
Volume
546,505 shs
Average Volume
608,222 shs
Market Capitalization
$4.15 billion
P/E Ratio
17.30
Dividend Yield
3.98%
Price Target
$45.00

New Jersey Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
6.6% Upside
$45.00 Price Target
Short Interest
Bearish
2.16% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.06mentions of New Jersey Resources in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$158,514 Sold Last Quarter
Proj. Earnings Growth
-2.37%
From $2.95 to $2.88 Per Share

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.

2.22 out of 5 stars

Utilities Sector

69th out of 88 stocks

Natural Gas Distribution Industry

9th out of 12 stocks


NJR stock logo

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.

NJR Stock Price History

NJR Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
New Jersey Resources Boosts FY24 NFE Outlook; Q1 Profit Declines
New Jersey Resources earnings: here's what Wall Street expects
New Jersey Resources Hosts 71st Annual Meeting
See More Headlines
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Company Calendar

Ex-Dividend for 1/2 Dividend
12/12/2023
Dividend Payable
1/02/2024
Last Earnings
2/06/2024
Today
3/05/2024
Ex-Dividend for 4/1 Dividend
3/12/2024
Dividend Payable
4/01/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Natural gas distribution
Sub-Industry
Gas Utilities
CUSIP
64602510
Employees
1,350
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$45.00
High Stock Price Target
$47.00
Low Stock Price Target
$42.00
Potential Upside/Downside
+6.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$264.72 million
Pretax Margin
15.98%

Debt

Sales & Book Value

Annual Sales
$1.96 billion
Cash Flow
$4.30 per share
Book Value
$20.41 per share

Miscellaneous

Free Float
97,567,000
Market Cap
$4.15 billion
Optionable
Optionable
Beta
0.63
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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 year. 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 brokers 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 stock price to reach $45.00 in the next year. This suggests a possible upside of 6.6% 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 stock has decreased by 5.3% and is now trading at $42.22.
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 days-to-cover ratio is presently 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) posted its quarterly earnings data on Tuesday, February, 6th. The utilities provider reported $0.74 EPS for the quarter, missing analysts' consensus estimates of $0.89 by $0.15. The utilities provider had revenue of $467.20 million for the quarter, compared to analysts' expectations 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 company's revenue was down 35.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Investors 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 dividend on an annualized basis and a dividend yield of 3.98%. 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 4.02%. 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 58.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NJR.

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 issued shares were payable 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 earnings per share guidance of $2.85-3.00 for the period, compared to the consensus EPS 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?
Who are New Jersey Resources' major shareholders?

New Jersey Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.10%), Dimensional Fund Advisors LP (2.73%), Wells Fargo & Company MN (2.48%), First Trust Advisors LP (1.59%), Northern Trust Corp (1.21%) and Charles Schwab Investment Management Inc. (1.12%). 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 3/5/2024 by MarketBeat.com Staff