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

-0.09 (-0.21%)
(As of 04/23/2024 ET)
Today's Range
50-Day Range
52-Week Range
383,045 shs
Average Volume
509,010 shs
Market Capitalization
$4.27 billion
P/E Ratio
Dividend Yield
Price Target

New Jersey Resources MarketRank™ Stock Analysis

Analyst Rating
2.00 Rating Score
3.6% Upside
$45.00 Price Target
Short Interest
2.66% of Shares Sold Short
Dividend Strength
Based on Four Factors
News Sentiment
0.49mentions of New Jersey Resources in the last 14 days
Based on 10 Articles This Week
Insider Trading
Proj. Earnings Growth
From $2.94 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.

1.92 out of 5 stars

Utilities Sector

71st out of 88 stocks

Natural Gas Distribution Industry

8th out of 11 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

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New Jersey Resources Corporation (NJR)
One trade. One ticker. One week.
Do you want to target weekly income of up to $2k or more… Starting with just $500... With just one trade per week?
NJR Aug 2024 30.000 put
New Jersey Resources Boosts FY24 NFE Outlook; Q1 Profit Declines
New Jersey Resources earnings: here's what Wall Street expects
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Company Calendar

Last Earnings
Ex-Dividend for 4/1 Dividend
Dividend Payable
Next Earnings (Confirmed)
Fiscal Year End

Industry, Sector and Symbol

Natural gas distribution
Gas Utilities
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
3 Analysts


Net Income
$264.72 million
Pretax Margin


Sales & Book Value

Annual Sales
$1.96 billion
Cash Flow
$4.27 per share
Book Value
$20.41 per share


Free Float
Market Cap
$4.28 billion
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Key Executives

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 twelve months. 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 Wall Street research analysts have issued 12-month price objectives for New Jersey Resources' shares. 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 3.6% 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 on January 1st, 2024. Since then, NJR shares have decreased by 2.6% and is now trading at $43.44.
View the best growth stocks for 2024 here

When is New Jersey Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our NJR earnings forecast

How can I listen to New Jersey Resources' earnings call?

New Jersey Resources will be holding an earnings conference call on Tuesday, May 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Co. (NYSE:NJR) announced its quarterly earnings data on Tuesday, February, 6th. The utilities provider reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.89 by $0.15. The utilities provider earned $467.20 million during 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 company's revenue was down 35.4% compared to the same quarter last year. During the same period last year, the firm posted $1.14 earnings per share.

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, April 18th. Investors of record on Wednesday, June 12th will be paid a dividend of $0.42 per share on Monday, July 1st. This represents a $1.68 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Wednesday, June 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 3.87%. 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 on the morning of Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly created 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.

What guidance has New Jersey Resources issued on next quarter's earnings?

New Jersey Resources issued an update on 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 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 many different institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.46%), Hennessy Advisors Inc. (0.12%), Maryland State Retirement & Pension System (0.09%), Cox Capital Mgt LLC (0.08%), Amalgamated Bank (0.05%) and Raymond James Financial Services Advisors Inc. (0.05%). 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.
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This page (NYSE:NJR) was last updated on 4/23/2024 by MarketBeat.com Staff

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