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

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.

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.

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.

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

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.

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.

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.

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).

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.

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.

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' 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.

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.