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NYSE:NJR

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

$42.46
-1.28 (-2.93%)
(As of 05/23/2024 ET)
Today's Range
$42.37
$43.40
50-Day Range
$41.26
$44.87
52-Week Range
$38.92
$50.72
Volume
459,588 shs
Average Volume
451,604 shs
Market Capitalization
$4.20 billion
P/E Ratio
16.78
Dividend Yield
3.96%
Price Target
$45.00

New Jersey Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
6.0% Upside
$45.00 Price Target
Short Interest
Healthy
2.16% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.26mentions of New Jersey Resources in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-2.04%
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.

2.41 out of 5 stars

Utilities Sector

68th out of 92 stocks

Natural Gas Distribution Industry

9th out of 13 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

New Jersey Resources (NYSE:NJR) Upgraded at StockNews.com
Q2 2024 New Jersey Resources Corp Earnings Call
Earthquake rattles New Jersey
New Jersey Resources Corporation (NJR)
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Today
5/23/2024
Ex-Dividend for 7/1 Dividend
6/12/2024
Ex-Dividend for 7/1 Dividend
6/12/2024
Dividend Payable
7/01/2024
Dividend Payable
7/01/2024
Next Earnings (Estimated)
8/01/2024
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
+6.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$264.72 million
Pretax Margin
16.69%

Debt

Sales & Book Value

Annual Sales
$1.96 billion
Cash Flow
$4.05 per share
Book Value
$22.05 per share

Miscellaneous

Free Float
98,081,000
Market Cap
$4.20 billion
Optionable
Optionable
Beta
0.62
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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 research 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 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 analysts have issued 1 year price targets for New Jersey Resources' stock. Their NJR share price targets range from $42.00 to $47.00. On average, they expect the company's share price to reach $45.00 in the next year. This suggests a possible upside of 6.0% 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 2024?

New Jersey Resources' stock was trading at $44.58 at the beginning of 2024. Since then, NJR shares have decreased by 4.8% and is now trading at $42.46.
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 Thursday, August 1st 2024.
View our NJR earnings forecast
.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Co. (NYSE:NJR) released its earnings results on Tuesday, February, 6th. The utilities provider reported $0.74 EPS 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 analysts' expectations of $812.66 million. New Jersey Resources had a trailing twelve-month return on equity of 12.16% and a net margin of 14.46%. The company's revenue was down 35.4% compared to the same quarter last year. During the same period in the previous year, the company earned $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 declared a quarterly dividend on Thursday, April 18th. Stockholders of record on Wednesday, June 12th will be given a dividend of $0.42 per share on Monday, July 1st. This represents a $1.68 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend 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 3.77%. 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 66.40%. 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 shares 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 payable 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.

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

New Jersey Resources updated its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of 2.850-3.000 for the period, compared to the consensus estimate of 2.930. 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?
Who are New Jersey Resources' major shareholders?

New Jersey Resources' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.94%), ProShare Advisors LLC (0.93%), Energy Income Partners LLC (0.54%), Confluence Investment Management LLC (0.46%), Principal Financial Group Inc. (0.38%) and Swiss National Bank (0.20%). 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 5/24/2024 by MarketBeat.com Staff

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