New Jersey Resources Corp Company Profile (NYSE:NJR)

About New Jersey Resources Corp (NYSE:NJR)

New Jersey Resources Corp logoNew Jersey Resources Corporation is an energy services holding company. The Company's business is the distribution of natural gas through a regulated utility, which provides other retail and wholesale energy services to customers and investing in clean energy projects and midstream assets. It operates in four business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream. The Natural Gas Distribution segment consists of regulated natural gas services, off-system sales, capacity and storage management operations. The Energy Services segment consists of unregulated wholesale energy operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Midstream segment consists of investments in the midstream natural gas market, such as natural gas transportation and storage facilities. The Home Services and Other operations consist of heating, cooling and water appliance sales and installations, among others.

Industry, Sector and Symbol:
  • Sector: Utilities
  • Industry: Gas Utilities
  • Sub-Industry: Gas Utilities
  • Symbol: NYSE:NJR
  • CUSIP: 64602510
  • Web: www.njresources.com
Capitalization:
  • Market Cap: $3.61 billion
  • Outstanding Shares: 86,438,000
Average Prices:
  • 50 Day Moving Avg: $40.44
  • 200 Day Moving Avg: $37.71
  • 52 Week Range: $30.46 - $42.65
P/E:
  • Trailing P/E Ratio: 22.91
  • Foreward P/E Ratio: 22.57
  • P/E Growth: 4.03
Sales & Book Value:
  • Annual Revenue: $2.14 billion
  • Price / Sales: 1.69
  • Book Value: $14.89 per share
  • Price / Book: 2.80
Dividend:
  • Annual Dividend: $1.02
  • Dividend Yield: 2.5%
Profitability:
  • EBIDTA: $273.39 million
  • Net Margins: 5.88%
  • Return on Equity: 10.71%
  • Return on Assets: 3.47%
Debt:
  • Debt-to-Equity Ratio: 0.87%
  • Current Ratio: 0.99%
  • Quick Ratio: 0.71%
Misc:
  • Average Volume: 459,249 shs.
  • Beta: 0.43
  • Short Ratio: 10.33
 

Frequently Asked Questions for New Jersey Resources Corp (NYSE:NJR)

What is New Jersey Resources Corp's stock symbol?

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

How often does New Jersey Resources Corp pay dividends? What is the dividend yield for New Jersey Resources Corp?

New Jersey Resources Corp declared a quarterly dividend on Tuesday, May 9th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.255 per share on Monday, July 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, June 13th. View New Jersey Resources Corp's Dividend History.

When did New Jersey Resources Corp's stock split? How did New Jersey Resources Corp's stock split work?

Shares of New Jersey Resources Corp split on the morning of 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 New Jersey Resources Corp stock prior to the split would have 200 shares after the split.

How were New Jersey Resources Corp's earnings last quarter?

New Jersey Resources Corp (NYSE:NJR) posted its quarterly earnings data on Friday, May, 5th. The company reported $1.21 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.00 by $0.21. The firm earned $733.55 million during the quarter, compared to analyst estimates of $617.10 million. New Jersey Resources Corp had a return on equity of 10.71% and a net margin of 5.88%. The business's quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. View New Jersey Resources Corp's Earnings History.

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

New Jersey Resources Corp issued an update on its FY17 earnings guidance on Friday, May, 5th. The company provided earnings per share (EPS) guidance of $1.65-1.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.70.

Where is New Jersey Resources Corp's stock going? Where will New Jersey Resources Corp's stock price be in 2017?

5 brokerages have issued 12-month price targets for New Jersey Resources Corp's stock. Their predictions range from $35.00 to $42.00. On average, they anticipate New Jersey Resources Corp's share price to reach $37.25 in the next twelve months. View Analyst Ratings for New Jersey Resources Corp.

Who are some of New Jersey Resources Corp's key competitors?

Who owns New Jersey Resources Corp stock?

New Jersey Resources Corp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.51%), Vanguard Group Inc. (9.57%), State Street Corp (8.51%), Goldman Sachs Group Inc. (3.59%), Dimensional Fund Advisors LP (1.97%) and FMR LLC (1.47%). Company insiders that own New Jersey Resources Corp stock include George R Zoffinger, Jane M Kenny, M William Howard Jr, M William Howard, Jr, Mariellen Dugan and Patrick J Migliaccio. View Institutional Ownership Trends for New Jersey Resources Corp.

Who sold New Jersey Resources Corp stock? Who is selling New Jersey Resources Corp stock?

New Jersey Resources Corp's stock was sold by a variety of institutional investors in the last quarter, including Robecosam AG, Morgan Stanley, JPMorgan Chase & Co., BTIM Corp., KCG Holdings Inc., FMR LLC, Asset Management One Co. Ltd. and State of New Jersey Common Pension Fund D. Company insiders that have sold New Jersey Resources Corp stock in the last year include Jane M Kenny, M William Howard, Jr and Patrick J Migliaccio. View Insider Buying and Selling for New Jersey Resources Corp.

Who bought New Jersey Resources Corp stock? Who is buying New Jersey Resources Corp stock?

New Jersey Resources Corp's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., State Street Corp, Goldman Sachs Group Inc., Citadel Advisors LLC, Vanguard Group Inc., ProShare Advisors LLC, Thrivent Financial For Lutherans and Kennedy Capital Management Inc.. View Insider Buying and Selling for New Jersey Resources Corp.

How do I buy New Jersey Resources Corp stock?

Shares of New Jersey Resources Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of New Jersey Resources Corp stock cost?

One share of New Jersey Resources Corp stock can currently be purchased for approximately $41.75.

Analyst Ratings

Consensus Ratings for New Jersey Resources Corp (NYSE:NJR) (?)
Ratings Breakdown: 1 Sell Rating, 2 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.20)
Consensus Price Target: $37.25 (10.78% downside)

Analysts' Ratings History for New Jersey Resources Corp (NYSE:NJR)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/19/2017Bank of America CorpReiterated RatingUnderperform$32.00 -> $35.00LowView Rating Details
12/21/2016Seaport Global SecuritiesInitiated CoverageNeutral$36.00N/AView Rating Details
11/3/2016GuggenheimInitiated CoverageBuy$36.00N/AView Rating Details
9/16/2016ArgusReiterated RatingBuy$42.00N/AView Rating Details
6/1/2016Wells Fargo & CoInitiated CoverageMarket PerformN/AView Rating Details
3/31/2016Janney Montgomery ScottDowngradeBuy -> NeutralN/AView Rating Details
3/30/2016BB&T Co.Initiated CoverageHoldN/AView Rating Details
1/13/2016Ladenburg Thalmann Financial ServicesInitiated CoverageNeutral$33.50N/AView Rating Details
(Data available from 5/27/2015 forward)

Earnings

Earnings History for New Jersey Resources Corp (NYSE:NJR)
Earnings by Quarter for New Jersey Resources Corp (NYSE:NJR)
Earnings History by Quarter for New Jersey Resources Corp (NYSE:NJR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/5/2017Q2 2017$1.00$1.21$617.10 million$733.55 millionViewN/AView Earnings Details
2/8/2017Q117$0.61$0.47$470.13 million$541.03 millionViewListenView Earnings Details
11/17/2016Q416$0.01($0.02)$449.98 million$469.24 millionViewN/AView Earnings Details
8/2/2016Q316$0.14$0.13$425.99 million$393.21 millionViewN/AView Earnings Details
5/4/2016Q216$0.91$0.91$1.08 billion$574.19 millionViewN/AView Earnings Details
2/3/2016Q116$0.56$0.58$858.22 million$444.30 millionViewN/AView Earnings Details
11/24/2015Q415($0.08)($0.06)$611.33 million$438.30 millionViewListenView Earnings Details
7/31/2015Q315$0.05$0.03$678.42 million$458.50 millionViewListenView Earnings Details
5/7/2015Q215$0.95$1.16$1.15 billion$1.01 billionViewN/AView Earnings Details
2/4/2015Q115$1.00$1.30$943.50 million$824.12 millionViewN/AView Earnings Details
11/25/2014Q414($0.53)($0.46)$561.30 million$591.90 millionViewN/AView Earnings Details
7/31/2014Q314($0.10)$0.11$780.00 million$560.63 millionViewListenView Earnings Details
5/7/2014Q214$2.72$3.61$1.01 billion$1.05 billionViewListenView Earnings Details
2/6/2014Q114$0.94$0.95$769.77 million$878.41 millionViewListenView Earnings Details
11/25/2013Q4($0.02)($0.01)$580.21 million$615.50 millionViewListenView Earnings Details
8/7/2013Q3 2013$0.22$0.23$436.21 million$767.50 millionViewN/AView Earnings Details
5/2/2013Q2 2013$1.63$1.64$559.93 million$960.90 millionViewN/AView Earnings Details
2/7/2013Q1 2013$0.99$0.85$563.27 million$736.00 millionViewN/AView Earnings Details
11/29/2012-0.27($0.27)$451.36 millionViewN/AView Earnings Details
8/9/2012$0.12$0.10ViewN/AView Earnings Details
5/3/2012$1.59$1.79ViewN/AView Earnings Details
2/7/2012$0.73$1.09ViewN/AView Earnings Details
11/23/2011$0.05$0.02ViewN/AView Earnings Details
8/3/2011$0.23$0.49ViewN/AView Earnings Details
5/4/2011$1.66$1.62ViewN/AView Earnings Details
2/2/2011$0.91$0.71ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for New Jersey Resources Corp (NYSE:NJR)
2017 EPS Consensus Estimate: $1.66
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.60$0.60$0.60
Q2 20171$0.99$0.99$0.99
Q3 20171($0.16)($0.16)($0.16)
Q4 20171$0.23$0.23$0.23
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for New Jersey Resources Corp (NYSE:NJR)
Next Dividend:7/3/2017
Annual Dividend:$1.02
Dividend Yield:2.44%
Dividend Growth:16.90% (3 Year Average)
Payout Ratio:76.69% (Trailing 12 Months of Earnings)
58.96% (Based on This Year's Estimates)
55.14% (Based on Next Year's Estimates)
Track Record:21 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for New Jersey Resources Corp (NYSE:NJR)

Dividend History by Quarter for New Jersey Resources Corp (NYSE:NJR)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/9/2017quarterly$0.262.55%6/13/20176/15/20177/3/2017
1/24/2017quarterly$0.262.79%3/13/20173/15/20174/3/2017
11/16/2016quarterly$0.263.12%12/13/201612/15/20161/3/2017
7/13/2016quarterly$0.242.56%9/21/20169/23/201610/3/2016
5/11/2016quarterly$0.242.64%6/13/20166/15/20167/1/2016
1/19/2016quarterly$0.242.86%3/11/20163/15/20164/1/2016
11/11/2015quarterly$0.243.22%12/11/201512/15/20151/4/2016
7/14/2015quarterly$0.233.15%9/11/20159/15/201510/1/2015
5/13/2015quarterly$0.232.94%6/11/20156/15/20157/1/2015
1/21/2015quarterly$0.231.36%3/11/20153/13/20154/1/2015
11/12/2014quarterly$0.453.1%12/11/201412/15/20141/2/2015
7/16/2014quarterly$0.423.01%9/11/20149/15/201410/1/2014
5/14/2014quarterly$0.423.29%6/11/20146/13/20147/1/2014
1/21/2014quarterly$0.423.63%3/12/20143/14/20144/1/2014
11/13/2013quarterly$0.423.7%12/11/201312/13/20131/2/2014
7/10/2013quarterly$0.403.74%9/12/20139/16/201310/1/2013
5/15/2013quarterly$0.403.47%6/12/20136/14/20137/1/2013
1/24/2013quarterly$0.403.82%3/13/20133/15/20134/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for New Jersey Resources Corp (NYSE:NJR)
Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 60.26%
Insider Trades by Quarter for New Jersey Resources Corp (NYSE:NJR)
Institutional Ownership by Quarter for New Jersey Resources Corp (NYSE:NJR)
Insider Trades by Quarter for New Jersey Resources Corp (NYSE:NJR)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/24/2017Jane M KennyDirectorSell3,000$39.43$118,290.00View SEC Filing  
12/23/2016Patrick J MigliaccioVPSell1,366$36.22$49,476.52View SEC Filing  
12/20/2016M William Howard, Jr.DirectorSell1,000$36.93$36,930.00View SEC Filing  
5/17/2016George R ZoffingerDirectorSell9,743$34.77$338,764.11View SEC Filing  
3/23/2016Mariellen DuganVPSell9,511$35.60$338,591.60View SEC Filing  
3/16/2016Jane M KennyDirectorSell4,500$35.00$157,500.00View SEC Filing  
3/14/2016Patrick J MigliaccioCFOSell1,800$34.45$62,010.00View SEC Filing  
3/8/2016M William Howard JrDirectorSell2,000$35.00$70,000.00View SEC Filing  
12/15/2014Mariellen DuganVPSell4,500$57.92$260,640.00View SEC Filing  
12/11/2014Stephen D WesthovenVPSell5,125$60.00$307,500.00View SEC Filing  
5/20/2014Deborah ZilaiVPSell3,375$52.54$177,322.50View SEC Filing  
3/19/2014Mariellen DuganVPSell4,500$48.87$219,915.00View SEC Filing  
6/10/2013Mariellen DuganVPSell4,500$45.37$204,165.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for New Jersey Resources Corp (NYSE:NJR)
Latest Headlines for New Jersey Resources Corp (NYSE:NJR)
Source:
DateHeadline
americanbankingnews.com logoNew Jersey Resources Corp (NJR) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - May 26 at 2:32 PM
americanbankingnews.com logoBank of America Corp Reaffirms "Underperform" Rating for New Jersey Resources Corp (NJR)
www.americanbankingnews.com - May 20 at 8:18 AM
americanbankingnews.com logoZacks: Analysts Anticipate New Jersey Resources Corp (NJR) Will Post Quarterly Sales of $421.65 Million
www.americanbankingnews.com - May 13 at 8:24 AM
prnewswire.com logoGHR Acquisition, LLC Acquires General Healthcare Resources
www.prnewswire.com - May 12 at 12:19 AM
americanbankingnews.com logo-$0.03 EPS Expected for New Jersey Resources Corp (NJR) This Quarter
www.americanbankingnews.com - May 11 at 2:14 PM
americanbankingnews.com logoSeaport Global Securities Research Analysts Lower Earnings Estimates for New Jersey Resources Corp (NJR)
www.americanbankingnews.com - May 11 at 9:52 AM
finance.yahoo.com logoEdited Transcript of NJR earnings conference call or presentation 5-May-17 2:00pm GMT
finance.yahoo.com - May 10 at 12:04 PM
finance.yahoo.com logoNew Jersey Resources Board of Directors Declares Quarterly Dividend
finance.yahoo.com - May 9 at 6:28 PM
americanbankingnews.com logoNew Jersey Resources Corp Declares Quarterly Dividend of $0.26 (NJR)
www.americanbankingnews.com - May 9 at 4:22 PM
americanbankingnews.com logoNew Jersey Resources Corp (NJR) Receiving Favorable Media Coverage, Study Shows
www.americanbankingnews.com - May 9 at 12:31 AM
finance.yahoo.com logoNew Jersey Natural Gas Appoints Mark G. Kahrer Vice President of Regulatory Affairs
finance.yahoo.com - May 8 at 6:19 PM
finance.yahoo.com logoNew Jersey Resources Corp. – Value Analysis (NYSE:NJR) : May 5, 2017
finance.yahoo.com - May 5 at 7:06 PM
americanbankingnews.com logoNew Jersey Resources Corp (NJR) Releases Quarterly Earnings Results, Beats Expectations By $0.22 EPS
www.americanbankingnews.com - May 5 at 4:19 PM
americanbankingnews.com logoNew Jersey Resources Corp (NJR) Updates FY17 Earnings Guidance
www.americanbankingnews.com - May 5 at 10:18 AM
finance.yahoo.com logoNew Jersey Resources Reports Fiscal 2017 Second-Quarter Results
finance.yahoo.com - May 5 at 9:16 AM
marketbeat.com logoNew Jersey Resources beats 2Q profit forecasts
marketbeat.com - May 5 at 6:54 AM
finance.yahoo.com logoUtility Stock Q1 Earnings Reports Due on May 5: CNP, NJR, HE
finance.yahoo.com - May 4 at 11:22 AM
finance.yahoo.com logoNew Jersey Resources Corp. breached its 50 day moving average in a Bearish Manner : NJR-US : May 4, 2017
finance.yahoo.com - May 4 at 11:22 AM
americanbankingnews.com logoNew Jersey Resources Corp (NJR) Set to Announce Quarterly Earnings on Friday
www.americanbankingnews.com - May 3 at 9:58 AM
americanbankingnews.com logoNew Jersey Resources Corp (NJR) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - May 1 at 6:18 PM
americanbankingnews.com logoNew Jersey Resources Corp (NJR) Receives Daily News Sentiment Score of 0.31
www.americanbankingnews.com - April 29 at 11:59 AM
americanbankingnews.com logoNew Jersey Resources Corp (NJR) Given News Impact Rating of 0.38
www.americanbankingnews.com - April 26 at 8:52 PM
finance.yahoo.com logoPourreza: Investors will continue to look for utilities i...
finance.yahoo.com - April 26 at 6:25 PM
americanbankingnews.com logoNew Jersey Resources Corp (NJR) Earning Favorable Press Coverage, Analysis Finds
www.americanbankingnews.com - April 23 at 9:55 AM
americanbankingnews.com logo$625.65 Million in Sales Expected for New Jersey Resources Corp (NJR) This Quarter
www.americanbankingnews.com - April 22 at 8:10 AM
bizjournals.com logoTechnical Reports on Utilities Equities -- CenterPoint Energy, American Water Works, National Grid, and New Jersey Resources
www.bizjournals.com - April 21 at 9:33 AM
americanbankingnews.com logo$0.99 EPS Expected for New Jersey Resources Corp (NJR) This Quarter
www.americanbankingnews.com - April 20 at 8:28 PM
finance.yahoo.com logoNew Jersey Resources Schedules Second-Quarter Fiscal 2017 Earnings Call
finance.yahoo.com - April 10 at 6:24 PM
finance.yahoo.com logo[$$] Utilities New Jersey Resources, South Jersey Industries Hold Merger Talks
finance.yahoo.com - April 7 at 11:30 AM
finance.yahoo.com logoNew Jersey Resources, South Jersey Industries hold merger talks-WSJ
finance.yahoo.com - April 7 at 11:30 AM
finance.yahoo.com logoNew Jersey Resources Corp. : NJR-US: Dividend Analysis : March 15th, 2017 (record date) : By the numbers : April 6, 2017
finance.yahoo.com - April 7 at 11:30 AM
americanbankingnews.com logoNew Jersey Resources Corp (NJR) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - April 4 at 2:01 PM
finance.yahoo.com logoNew Jersey Natural Gas Files with Board of Public Utilities for Recovery of Costs Associated with NJ Rise and Safe II Programs
finance.yahoo.com - March 31 at 6:55 PM
finance.yahoo.com logoNew Jersey Resources Appoints Nancy A. Washington Senior Vice President and General Counsel
finance.yahoo.com - March 27 at 10:06 AM
thestreet.com logoInteresting NJR Put And Call Options For November 17th
www.thestreet.com - March 21 at 6:43 PM
biz.yahoo.com logoNEW JERSEY RESOURCES CORP Files SEC form 8-K, Change in Directors or Principal Officers
us.rd.yahoo.com - March 13 at 6:31 PM
bizjournals.com logoResearch Reports Coverage on Utilities Stocks -- Brookfield Infrastructure Partners, New Jersey Resources, Atmos Energy, and South Jersey Industries
www.bizjournals.com - March 10 at 9:31 AM
foxnews.com logoPaterson, New Jersey mayor facing corruption charges
www.foxnews.com - March 7 at 6:40 PM
finance.yahoo.com logoNJR : Summary for NewJersey Resources Corporation - Yahoo Finance
finance.yahoo.com - February 14 at 1:03 AM
finance.yahoo.com logoEdited Transcript of NJR earnings conference call or presentation 8-Feb-17 3:00pm GMT
finance.yahoo.com - February 9 at 12:45 AM
rttnews.com logoNew Jersey Resources Corp. Q1 Profit Declines 31%
www.rttnews.com - February 8 at 7:45 PM
us.rd.yahoo.com logoNew Jersey Resources Reports Fiscal 2017 First-Quarter Results and Reaffirms Earnings Guidance
us.rd.yahoo.com - February 8 at 7:45 PM
biz.yahoo.com logoQ1 2017 New Jersey Resources Corp Earnings Release - Before Market Open
us.rd.yahoo.com - February 8 at 7:45 PM
biz.yahoo.com logoNEW JERSEY RESOURCES CORP Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure
biz.yahoo.com - February 8 at 7:45 PM
capitalcube.com logoNew Jersey Resources Corp. : NJR-US: Dividend Analysis : December 15th, 2016 (record date) : By the numbers : February 1, 2017
us.rd.yahoo.com - February 1 at 7:56 PM
finance.yahoo.com logoShareholders Voice Strong Opposition to PennEast Pipeline Investment at NJR Annual Meeting
finance.yahoo.com - January 30 at 9:03 AM
biz.yahoo.com logoNEW JERSEY RESOURCES CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exh
biz.yahoo.com - January 26 at 11:21 PM
finance.yahoo.com logoNew Jersey Resources Announces Alfred C. Koeppe Service Award
finance.yahoo.com - January 25 at 9:08 PM
finance.yahoo.com logoNew Jersey Resources’ Shareowners Re-Elect Kenny, Taylor and Trice to Board of Directors at Annual Shareowners Meeting
finance.yahoo.com - January 25 at 9:08 PM
seekingalpha.com logoNew Jersey Resources Corp declares $0.255 dividend
seekingalpha.com - January 24 at 7:35 PM

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Chart

New Jersey Resources Corp (NJR) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff