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MarketBeat Week in Review – 11/27 - 12/1
A Weird Income Tactic So Simple and So Lucrative... (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
A Weird Income Tactic So Simple and So Lucrative... (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
A Weird Income Tactic So Simple and So Lucrative... (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
A Weird Income Tactic So Simple and So Lucrative... (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver

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

$43.00
+0.80 (+1.90%)
(As of 12/1/2023 ET)
Compare
Today's Range
$41.93
$43.09
50-Day Range
$39.34
$43.47
52-Week Range
$38.92
$55.84
Volume
439,691 shs
Average Volume
389,658 shs
Market Capitalization
$4.20 billion
P/E Ratio
15.81
Dividend Yield
3.91%
Price Target
$45.50

New Jersey Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.8% Upside
$45.50 Price Target
Short Interest
Healthy
2.08% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.22mentions of New Jersey Resources in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.27%
From $2.75 to $2.95 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.51 out of 5 stars

Utilities Sector

26th out of 86 stocks

Natural Gas Distribution Industry

3rd 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

All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Q4 2023 New Jersey Resources Corp Earnings Call
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Recap: New Jersey Resources Q4 Earnings
New Jersey Resources's Earnings Outlook
New Jersey Resources: Waiting For That Valuation "HOLD"
See More Headlines
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Company Calendar

Ex-Dividend for 10/2 Dividend
9/19/2023
Dividend Payable
10/02/2023
Last Earnings
11/21/2023
Today
12/02/2023
Ex-Dividend for 1/2 Dividend
12/12/2023
Dividend Payable
1/02/2024
Next Earnings (Estimated)
2/01/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Natural gas distribution
Sub-Industry
Gas Utilities
Sector
Utilities
CUSIP
64602510
Employees
1,350
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$45.50
High Stock Price Target
$47.00
Low Stock Price Target
$42.00
Potential Upside/Downside
+5.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$264.72 million
Pretax Margin
15.80%

Debt

Sales & Book Value

Annual Sales
$1.96 billion
Cash Flow
$4.33 per share
Book Value
$20.37 per share

Miscellaneous

Free Float
97,005,000
Market Cap
$4.20 billion
Optionable
Optionable
Beta
0.63
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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 brokerages have issued 12 month price objectives for New Jersey Resources' stock. Their NJR share price targets range from $42.00 to $47.00. On average, they predict the company's share price to reach $45.50 in the next year. This suggests a possible upside of 5.8% 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 the year. Since then, NJR shares have decreased by 13.3% and is now trading at $43.00.
View the best growth stocks for 2023 here
.

When is New Jersey Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our NJR earnings forecast
.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Co. (NYSE:NJR) issued its quarterly earnings results on Tuesday, November, 21st. The utilities provider reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The utilities provider earned $331.30 million during the quarter, compared to analysts' expectations of $759.99 million. New Jersey Resources had a trailing twelve-month return on equity of 13.24% and a net margin of 13.49%. The firm's revenue for the quarter was down 56.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 EPS.

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, November 16th. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.42 per share on Tuesday, January 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Tuesday, December 12th. This is a boost from the stock's previous quarterly dividend of $0.39.
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 3.98%. 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 61.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NJR will have a dividend payout ratio of 56.95% 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 before market open 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 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 FY23 earnings guidance on Tuesday, November, 21st. The company provided earnings per share guidance of $2.70-2.85 for the period, compared to the consensus earnings per share estimate of $2.70.

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 Bank of New York Mellon Corp (1.49%), Northern Trust Corp (1.24%), Morgan Stanley (1.16%), Charles Schwab Investment Management Inc. (1.10%), Massachusetts Financial Services Co. MA (0.87%) and Invesco Ltd. (0.75%). 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.

This page (NYSE:NJR) was last updated on 12/3/2023 by MarketBeat.com Staff

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