NYSE:NJR New Jersey Resources (NJR) Stock Forecast, Price & News $41.35 -1.02 (-2.41%) (As of 09/26/2023 ET) Add Compare Share Share Today's Range$41.28▼$42.2050-Day Range$41.34▼$46.6652-Week Range$38.07▼$55.84Volume848,084 shsAverage Volume568,768 shsMarket Capitalization$4.03 billionP/E Ratio14.26Dividend Yield4.06%Price Target$47.25 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media New Jersey Resources MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside14.3% Upside$47.25 Price TargetShort InterestHealthy2.53% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.90Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth1.49%From $2.69 to $2.73 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.2.63 out of 5 starsUtilities Sector33rd out of 84 stocksNatural Gas Distribution Industry4th out of 10 stocks 2.0 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 $47.25, New Jersey Resources has a forecasted upside of 14.3% from its current price of $41.35.Amount of Analyst CoverageNew Jersey Resources has only been the subject of 2 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.53% 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 5.00%, indicating that investor sentiment is improving. Previous Next 5.0 Dividend Strength Dividend LeadershipNew Jersey Resources is a leading dividend payer. It pays a dividend yield of 3.96%, 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 57.93%. 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 61.54% 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 3.3 News and Social Media Coverage News SentimentNew Jersey Resources has a news sentiment score of 0.90. 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 0.58 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 7 news articles for New Jersey Resources this week, compared to 4 articles on an average week.Search Interest3 people have searched for NJR on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added New Jersey Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for New Jersey Resources are expected to grow by 1.49% in the coming year, from $2.69 to $2.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Jersey Resources is 14.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.15.Price to Earnings Ratio vs. SectorThe P/E ratio of New Jersey Resources is 14.26, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 93.88.Price to Earnings Growth RatioNew Jersey Resources has a PEG Ratio of 2.63. 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 2.19. 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 (NYSE:NJR) StockNew Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. 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 569,300 residential and commercial customers throughout 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 commercial and residential solar installation situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas transportation and storage contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.Read More NJR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NJR Stock News HeadlinesSeptember 25, 2023 | msn.comNFG or NJR: Which Is the Better Value Stock Right Now?September 24, 2023 | americanbankingnews.comNew Jersey Resources (NYSE:NJR) Raised to "Neutral" at JPMorgan Chase & Co.September 27, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.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)September 14, 2023 | finance.yahoo.comImplied Volatility Surging for New Jersey Resources (NJR) Stock OptionsSeptember 12, 2023 | finance.yahoo.comNew Jersey Resources (NYSE:NJR) Is Increasing Its Dividend To $0.42September 27, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.September 5, 2023 | technews.tmcnet.comMount Olive Landfill-to-Solar Project Receives Top Renewable Energy Plant of the Year AwardAugust 29, 2023 | finance.yahoo.comZacks Industry Outlook Highlights Atmos Energy, MDU Resources Group, Sempra Energy and NewJersey ResourcesAugust 28, 2023 | finance.yahoo.comNew Jersey Resources (NYSE:NJR) Is Paying Out A Dividend Of $0.39August 23, 2023 | seekingalpha.comNew Jersey Resources Corporation: Solid Business But PriceyAugust 16, 2023 | msn.comNew Jersey Resources: Rate Base Expansion Key To Sustained DividendAugust 11, 2023 | finance.yahoo.comNew Jersey Resources Corporation (NYSE:NJR) Q3 2023 Earnings Call TranscriptAugust 10, 2023 | seekingalpha.comNew Jersey Resources Corporation 2023 Q3 - Results - Earnings Call PresentationAugust 8, 2023 | finance.yahoo.comWhat's in Store for Southwest Gas (SWX) in Q2 Earnings?August 8, 2023 | markets.businessinsider.comMizuho Securities Reaffirms Their Hold Rating on New Jersey Resources (NJR)August 5, 2023 | finance.yahoo.comNew Jersey Resources (NYSE:NJR) Has Announced A Dividend Of $0.39August 5, 2023 | seekingalpha.comNew Jersey Resources Q3 2023 Earnings PreviewAugust 3, 2023 | finance.yahoo.comNew Jersey Resources Corporation: New Jersey Resources Earnings: Well-Positioned To Benefit From Clean Energy Policies, RegulationsAugust 3, 2023 | markets.businessinsider.comNew Jersey Resources Reports Net Financial Profit In Q3; Re-affirms FY23 Net Financial EPS GuidanceAugust 3, 2023 | finance.yahoo.comNew Jersey Resources (NJR) Q3 Earnings Top EstimatesAugust 3, 2023 | finance.yahoo.comNew Jersey Resources Reports Fiscal 2023 Third-Quarter ResultsAugust 3, 2023 | markets.businessinsider.comNew Jersey Resources earnings preview: what Wall Street is expectingAugust 3, 2023 | finance.yahoo.comUGI (UGI) Reports Break-Even Earnings for Q3August 1, 2023 | finance.yahoo.comONE Gas (OGS) Lags Q2 Earnings and Revenue EstimatesSee 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 NJR Company Calendar Ex-Dividend for 7/3 Dividend6/13/2023Dividend Payable7/03/2023Last Earnings8/03/2023Ex-Dividend for 10/2 Dividend9/19/2023Today9/26/2023Fiscal Year End9/30/2023Dividend Payable10/02/2023Next Earnings (Estimated)11/16/2023Get 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) 938-1000Fax732-938-3154Employees1,288Year FoundedN/APrice Target and Rating Average Stock Price Forecast$47.25 High Stock Price Forecast$49.00 Low Stock Price Forecast$46.00 Forecasted Upside/Downside+13.0%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.90 Trailing P/E Ratio14.42 Forward P/E Ratio15.54 P/E Growth2.63Net Income$274.92 million Net Margins11.77% Pretax Margin13.88% Return on Equity14.49% Return on Assets4.40% Debt Debt-to-Equity Ratio1.37 Current Ratio0.78 Quick Ratio0.50 Sales & Book Value Annual Sales$2.91 billion Price / Sales1.40 Cash Flow$3.78 per share Price / Cash Flow11.05 Book Value$18.88 per share Price / Book2.21Miscellaneous Outstanding Shares97,560,000Free Float96,860,000Market Cap$4.08 billion OptionableOptionable Beta0.63 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Stephen D. Westhoven (Age 55)Pres, CEO & Director Comp: $2.36MMr. Roberto F. Bel (Age 50)Sr. VP, CFO & Principal Financial Officer Comp: $685.51kMr. Richard Reich (Age 49)Sr. VP & Gen. Counsel Comp: $640.22kMr. Patrick J. Migliaccio (Age 49)Sr. VP & COO of New Jersey Natural Gas Comp: $872.79kMs. Amy Cradic (Age 51)Sr. VP and COO of Non-Utility Bus.es, Strategy & External Affairs Comp: $762.76kMr. Stephen Skrocki (Age 47)Principal Accounting Officer Ms. Jacqueline K. Shea (Age 59)Sr. VP & Chief Information Officer Mr. Adam PriorDirector of Investor RelationsMr. David Johnson (Age 54)VP of Corp. Bus. Devel. Ms. Lori DelGiudiceSr. VP of HRMore ExecutivesKey CompetitorsNational Fuel GasNYSE:NFGNorthwest NaturalNYSE:NWNONE GasNYSE:OGSSpireNYSE:SRBrookfield InfrastructureNASDAQ:BIPCView All CompetitorsInsiders & InstitutionsBaystate Wealth Management LLCBought 18,415 shares on 9/21/2023Ownership: 0.019%Virginia Retirement Systems ET ALBought 22,600 shares on 8/22/2023Ownership: 0.023%John G Ullman & Associates Inc.Sold 1,500 shares on 8/21/2023Ownership: 0.139%California State Teachers Retirement SystemSold 2,885 shares on 8/21/2023Ownership: 0.121%Teachers Retirement System of The State of KentuckyBought 1,585 shares on 8/21/2023Ownership: 0.017%View All Insider TransactionsView All Institutional Transactions NJR Stock - 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 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. What is New Jersey Resources' stock price forecast for 2023? 3 brokers have issued 12 month target prices for New Jersey Resources' shares. Their NJR share price forecasts range from $46.00 to $49.00. On average, they anticipate the company's share price to reach $47.25 in the next twelve months. This suggests a possible upside of 13.0% 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 2023. Since then, NJR shares have decreased by 15.7% and is now trading at $41.81. View the best growth stocks for 2023 here. Are investors shorting New Jersey Resources? New Jersey Resources saw a decrease in short interest in the month of August. As of August 15th, there was short interest totaling 2,600,000 shares, a decrease of 26.1% from the July 31st total of 3,520,000 shares. Based on an average daily trading volume, of 661,000 shares, the short-interest ratio is currently 3.9 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, November 16th 2023. View our NJR earnings forecast. How were New Jersey Resources' earnings last quarter? New Jersey Resources Co. (NYSE:NJR) posted its earnings results on Thursday, August, 3rd. The utilities provider reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.13. The utilities provider had revenue of $264.10 million for the quarter, compared to the consensus estimate of $546.21 million. New Jersey Resources had a net margin of 11.77% and a trailing twelve-month return on equity of 14.49%. New Jersey Resources's revenue was down 52.2% on a year-over-year basis. During the same period last year, the firm posted ($0.04) earnings per share. How often does New Jersey Resources pay dividends? What is the dividend yield for New Jersey Resources? 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 yield of 3.73%. The ex-dividend date is Tuesday, September 19th. 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). 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 3.96%. 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. When did New Jersey Resources' stock split? Shares of New Jersey Resources 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 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 updated its FY 2023 earnings guidance on Saturday, August, 12th. The company provided earnings per share (EPS) guidance of $2.62-$2.72 for the period, compared to the consensus earnings per share estimate of $2.67. The company issued revenue guidance of -. 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). What is New Jersey Resources' stock symbol? New Jersey Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "NJR." 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 BlackRock Inc. (16.74%), State Street Corp (8.77%), Dimensional Fund Advisors LP (2.81%), Wells Fargo & Company MN (2.72%), Geode Capital Management LLC (1.99%) and Bank of New York Mellon Corp (1.50%). 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. What is New Jersey Resources' stock price today? One share of NJR stock can currently be purchased for approximately $41.81. How much money does New Jersey Resources make? New Jersey Resources (NYSE:NJR) has a market capitalization of $4.08 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. How many employees does New Jersey Resources have? The company employs 1,288 workers across the globe. How can I contact New Jersey Resources? 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. This page (NYSE:NJR) was last updated on 9/27/2023 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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