New 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 Midstream segments. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 538,700 residential and commercial customers in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in commercial and residential solar projects located in New Jersey; and onshore wind projects. The Energy Services segment provides 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 storage and transportation contracts in the United States and Canada. The Midstream segment invests in natural gas transportation and storage facilities. The company offers heating, ventilation, and cooling services; holds commercial real estate properties; and provides solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. New Jersey Resources Corporation was founded in 1922 and is based in Wall, New Jersey.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Natural gas distribution
Sub-IndustryGas Utilities
SectorUtilities
Current SymbolNYSE:NJR
Previous Symbol
CUSIP64602510
Phone732-938-1000
Debt
Debt-to-Equity Ratio0.83
Current Ratio1.03
Quick Ratio0.76
Price-To-Earnings
Trailing P/E Ratio18.32
Forward P/E Ratio24.73
P/E Growth3.54
Sales & Book Value
Annual Sales$2.92 billion
Price / Sales1.53
Cash Flow$3.6946 per share
Price / Cash Flow13.59
Book Value$16.07 per share
Price / Book3.12
Profitability
EPS (Most Recent Fiscal Year)$2.74
Net Income$233.43 million
Net Margins8.01%
Return on Equity16.92%
Return on Assets5.91%
Miscellaneous
Employees1,068
Outstanding Shares88,590,000
Market Cap$4.45 billion
OptionableOptionable
New Jersey Resources (NYSE:NJR) Frequently Asked Questions
What is New Jersey Resources' stock symbol?
New Jersey Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "NJR."
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 Tuesday, November 13th. Investors of record on Friday, December 14th will be paid a dividend of $0.2925 per share on Wednesday, January 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Thursday, December 13th. This is an increase from New Jersey Resources's previous quarterly dividend of $0.27. View New Jersey Resources' Dividend History.
When did New Jersey Resources' stock split? How did New Jersey Resources' stock split work?
Shares of New Jersey Resources split 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 market closes on Tuesday, March 3rd 2015. An investor that had 100 shares of New Jersey Resources stock prior to the split would have 200 shares after the split.
How were New Jersey Resources' earnings last quarter?
New Jersey Resources Corp (NYSE:NJR) issued its quarterly earnings data on Tuesday, November, 20th. The utilities provider reported ($0.33) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.44) by $0.11. The utilities provider had revenue of $647.30 million for the quarter, compared to the consensus estimate of $549.59 million. New Jersey Resources had a return on equity of 16.92% and a net margin of 8.01%. The business's quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.14) earnings per share. View New Jersey Resources' Earnings History.
When is New Jersey Resources' next earnings date?
What guidance has New Jersey Resources issued on next quarter's earnings?
New Jersey Resources updated its FY 2019 earnings guidance on Tuesday, November, 20th. The company provided earnings per share (EPS) guidance of $1.95-2.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.64.
What price target have analysts set for NJR?
4 brokers have issued 1 year price objectives for New Jersey Resources' shares. Their forecasts range from $42.00 to $49.00. On average, they anticipate New Jersey Resources' stock price to reach $46.00 in the next year. This suggests that the stock has a possible downside of 8.4%. View Analyst Price Targets for New Jersey Resources.
What is the consensus analysts' recommendation for New Jersey Resources?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Jersey Resources in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for New Jersey Resources.
Has New Jersey Resources been receiving favorable news coverage?
Media stories about NJR stock have trended somewhat positive on Monday, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. New Jersey Resources earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave media stories about the utilities provider a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are some of New Jersey Resources' key competitors?
Who are New Jersey Resources' key executives?
New Jersey Resources' management team includes the folowing people:
- Mr. Laurence M. Downes, Chairman & CEO (Age 61)
- Mr. Stephen D. Westhoven, Pres, COO & Director (Age 50)
- Mr. Patrick J. Migliaccio, Sr. VP & CFO (Age 44)
- Ms. Amanda E. Mullan, Sr. VP & Chief HR Officer (Age 52)
- Ms. Jaqueline K. Shea, VP & Chief Information Officer (Age 54)
Who are New Jersey Resources' major shareholders?
New Jersey Resources' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.60%), Vanguard Group Inc (10.32%), Vanguard Group Inc. (10.32%), Dimensional Fund Advisors LP (2.09%), Bank of New York Mellon Corp (1.43%) and Wells Fargo & Company MN (1.25%). Company insiders that own New Jersey Resources stock include Amanda Mullan, Jane M Kenny, Lawrence R Codey, M William Howard, Jr and Patrick J Migliaccio. View Institutional Ownership Trends for New Jersey Resources.
Which major investors are selling New Jersey Resources stock?
NJR stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, WINTON GROUP Ltd, Federated Investors Inc. PA, Deutsche Bank AG, Prudential Financial Inc., EULAV Asset Management, James Investment Research Inc. and TIAA CREF Investment Management LLC. Company insiders that have sold New Jersey Resources company stock in the last year include M William Howard, Jr and Patrick J Migliaccio. View Insider Buying and Selling for New Jersey Resources.
Which major investors are buying New Jersey Resources stock?
NJR stock was purchased by a variety of institutional investors in the last quarter, including Man Group plc, BlackRock Inc., Cornerstone Wealth Management LLC, Renaissance Technologies LLC, Vanguard Group Inc, Vanguard Group Inc., Massachusetts Financial Services Co. MA and JPMorgan Chase & Co.. View Insider Buying and Selling for New Jersey Resources.
How do I buy shares of New Jersey Resources?
Shares of NJR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is New Jersey Resources' stock price today?
One share of NJR stock can currently be purchased for approximately $50.21.
How big of a company is New Jersey Resources?
New Jersey Resources has a market capitalization of $4.45 billion and generates $2.92 billion in revenue each year. The utilities provider earns $233.43 million in net income (profit) each year or $2.74 on an earnings per share basis. New Jersey Resources employs 1,068 workers across the globe.
What is New Jersey Resources' official website?
How can I contact New Jersey Resources?
New Jersey Resources' mailing address is 1415 Wyckoff Road, WALL TOWNSHIP NJ, 07719. The utilities provider can be reached via phone at 732-938-1000 or via email at [email protected]
MarketBeat Community Rating for New Jersey Resources (NYSE NJR)
MarketBeat's community ratings are surveys of what our community members think about New Jersey Resources and other stocks. Vote "Outperform" if you believe NJR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NJR will underperform the S&P 500 over the long term. You may vote once every thirty days.
