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

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.

3 brokerages have issued 1 year price targets for New Jersey Resources' shares. Their NJR share price forecasts range from $46.00 to $49.00. On average, they predict the company's stock price to reach $47.25 in the next twelve months. This suggests a possible upside of 16.3% from the stock's current price.
View analysts price targets for NJR or view top-rated stocks among Wall Street analysts.

New Jersey Resources' stock was trading at $49.62 at the beginning of 2023. Since then, NJR stock has decreased by 18.1% and is now trading at $40.63.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
View our NJR earnings forecast.

New Jersey Resources Co. (NYSE:NJR) posted its quarterly earnings data on Thursday, August, 3rd. The utilities provider reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.13. The utilities provider earned $264.10 million during the quarter, compared to analyst estimates of $546.21 million. New Jersey Resources had a trailing twelve-month return on equity of 14.49% and a net margin of 11.77%. The firm's revenue was down 52.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) earnings per share.

New Jersey Resources declared a quarterly dividend on Wednesday, July 12th. Shareholders of record on Wednesday, September 20th will be paid a dividend of $0.39 per share on Monday, October 2nd. This represents a $1.56 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Tuesday, September 19th.
Read our dividend analysis for NJR.

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).

New Jersey Resources (NYSE:NJR) pays an annual dividend of $1.68 per share and currently has a dividend yield of 4.13%. 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 57.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NJR will have a dividend payout ratio of 61.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NJR.

Shares of New Jersey Resources split 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 market closes on Tuesday, March 3rd 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

New Jersey Resources updated its FY 2023 earnings guidance on Saturday, August, 12th. The company provided EPS guidance of $2.62-$2.72 for the period, compared to the consensus estimate of $2.67. The company issued revenue guidance of -.

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.

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).

New Jersey Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "NJR."

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.

One share of NJR stock can currently be purchased for approximately $40.63.

New Jersey Resources (NYSE:NJR) has a market capitalization of $3.96 billion and generates $2.91 billion in revenue each year. The utilities provider earns $274.92 million in net income (profit) each year or $2.90 on an earnings per share basis.

The company employs 1,288 workers across the globe.

New Jersey Resources' mailing address is 1415 Wyckoff Road, WALL TOWNSHIP NJ, 07719. The official website for the company is www.njresources.com. The utilities provider can be reached via phone at (732) 938-1000, via email at dpuma@njresources.com, or via fax at 732-938-3154.