NYSE:NJR New Jersey Resources (NJR) Stock Forecast, Price & News $48.72 -0.24 (-0.49%) (As of 05/30/2023 ET) Add Compare Share Share Today's Range$48.52▼$49.4250-Day Range$48.69▼$55.4652-Week Range$38.07▼$55.84Volume384,939 shsAverage Volume501,178 shsMarket Capitalization$4.72 billionP/E Ratio16.13Dividend Yield3.20%Price Target$48.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media New Jersey Resources MarketRank™ ForecastAnalyst RatingHold1.67 Rating ScoreUpside/Downside0.5% Downside$48.50 Price TargetShort InterestHealthy3.68% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.10Based on 7 Articles This WeekInsider TradingSelling Shares$354,240 Sold Last QuarterProj. Earnings Growth0.37%From $2.71 to $2.72 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.08 out of 5 starsUtilities Sector61st out of 84 stocksNatural Gas Distribution Industry7th out of 11 stocks 0.8 Analyst's Opinion Consensus RatingNew Jersey Resources has received a consensus rating of Hold. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $48.50, New Jersey Resources has a forecasted downside of 0.5% from its current price of $48.72.Amount of Analyst CoverageNew Jersey Resources has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.68% of the outstanding shares of New Jersey Resources have been sold short.Short Interest Ratio / Days to CoverNew Jersey Resources has a short interest ratio ("days to cover") of 7.5.Change versus previous monthShort interest in New Jersey Resources has recently decreased by 1.38%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend YieldNew Jersey Resources pays a meaningful dividend of 3.19%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthNew Jersey Resources has been increasing its dividend for 27 years.Dividend CoverageThe dividend payout ratio of New Jersey Resources is 51.66%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, New Jersey Resources will have a dividend payout ratio of 57.35% next year. This indicates that New Jersey Resources will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NJR. Previous Next 2.8 News and Social Media Coverage News SentimentNew Jersey Resources has a news sentiment score of 1.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.43 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 7 news articles for New Jersey Resources this week, compared to 3 articles on an average week. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, New Jersey Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $354,240.00 in company stock.Percentage Held by InsidersOnly 0.72% of the stock of New Jersey Resources is held by insiders.Percentage Held by Institutions74.09% of the stock of New Jersey Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for New Jersey Resources are expected to grow by 0.37% in the coming year, from $2.71 to $2.72 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Jersey Resources is 16.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.59.Price to Earnings Ratio vs. SectorThe P/E ratio of New Jersey Resources is 16.13, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.13.Price to Earnings Growth RatioNew Jersey Resources has a PEG Ratio of 3.02. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioNew Jersey Resources has a P/B Ratio of 2.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About New Jersey Resources (NYSE:NJR) StockNew Jersey Resources Corp. is a holding company. The firm provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. It operates through the following segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, Storage and Transportation, and Home Services and Other. The Natural Gas Distribution segment regulates natural gas services, off-system sales, capacity, and storage management operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Energy Services segment consists of unregulated wholesale and retail energy operations, as well as energy management services. The Storage and Transportation segment consists of investments in the natural gas storage and transportation market, such as natural gas storage and transportation facilities. The company was founded in 1981 and is headquartered in Wall, NJ.Read More Receive NJR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for New Jersey Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address NJR Stock News HeadlinesMay 30, 2023 | finance.yahoo.comIs New Jersey Resources Corporation (NYSE:NJR) Worth US$49.0 Based On Its Intrinsic Value?May 29, 2023 | msn.comNew Jersey Resources: Unfortunately, The Underperformance ContinuesMay 31, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 29, 2023 | seekingalpha.comNew Jersey Resources: Distribution Growth Creating Margin ExpansionMay 25, 2023 | finance.yahoo.comNew Jersey Resources Corporation: New Jersey Resources: More Confidence in Diversified Business Model; Raising Fair Value EstimateMay 18, 2023 | finance.yahoo.comNew Jersey Resources Corporation: Maintaining BUY and $56 targetMay 18, 2023 | americanbankingnews.comNew Jersey Resources (NYSE:NJR) Earns Sell Rating from Analysts at StockNews.comMay 18, 2023 | americanbankingnews.comInsider Selling: New Jersey Resources Co. (NYSE:NJR) CEO Sells 5,000 Shares of StockMay 31, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 17, 2023 | marketwatch.comNew Jersey Resources $NJR Technical DataMay 16, 2023 | msn.comDown -7.74% in 4 Weeks, Here's Why New Jersey Resources (NJR) Looks Ripe for a TurnaroundMay 16, 2023 | finance.yahoo.comNew Jersey Resources Corporation (NYSE:NJR) is largely controlled by institutional shareholders who own 75% of the companyMay 9, 2023 | finance.yahoo.comIs New Jersey Resources (NJR) a Solid Growth Stock? 3 Reasons to Think "Yes"May 8, 2023 | americanbankingnews.comNew Jersey Resources (NYSE:NJR) Rating Lowered to Sell at StockNews.comMay 7, 2023 | marketwatch.comNew Jersey Resources $NJR Technical Pivots with Risk ControlsMay 4, 2023 | seekingalpha.comNew Jersey Resources Corporation 2023 Q2 - Results - Earnings Call PresentationMay 4, 2023 | finance.yahoo.comNew Jersey Resources Reports Fiscal 2023 Second-Quarter ResultsMay 4, 2023 | finance.yahoo.comStrong Earnings Reports and Improved Guidance Pushed New Jersey Resources Corporation (NJR)May 4, 2023 | finance.yahoo.comNew Jersey Resources (NJR) Q2 Earnings and Revenues Lag EstimatesMay 4, 2023 | finance.yahoo.comUGI (UGI) Q2 Earnings and Revenues Miss EstimatesMay 3, 2023 | finance.yahoo.comChipotle and Kohl's have been highlighted as Zacks Bull and Bear of the DayMay 3, 2023 | americanbankingnews.comNew Jersey Resources (NJR) to Release Earnings on ThursdayMay 2, 2023 | finance.yahoo.comWill Clean Energy Fuels (CLNE) Report Negative Earnings Next Week? What You Should KnowMay 1, 2023 | finance.yahoo.comNew Jersey Resources Names Frank Casey President of NJR Home ServicesApril 27, 2023 | finance.yahoo.comNew Jersey Resources (NJR) Expected to Beat Earnings Estimates: Should You Buy?April 27, 2023 | finance.yahoo.comWill New Jersey Resources (NJR) Beat Estimates Again in Its Next Earnings Report?April 27, 2023 | americanbankingnews.comGuggenheim Raises New Jersey Resources (NYSE:NJR) Price Target to $47.00See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive NJR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for New Jersey Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address NJR Company Calendar Ex-Dividend for 4/3 Dividend3/14/2023Dividend Payable4/03/2023Last Earnings5/04/2023Today5/31/2023Ex-Dividend for 7/3 Dividend6/13/2023Dividend Payable7/03/2023Next Earnings (Estimated)8/03/2023Fiscal Year End9/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Natural gas distribution Sub-IndustryGas Utilities SectorUtilities Current SymbolNYSE:NJR CUSIP64602510 CIK356309 Webwww.njresources.com Phone(732) 938-1000Fax732-938-3154Employees1,288Year FoundedN/APrice Target and Rating Average Stock Price Forecast$48.50 High Stock Price Forecast$51.00 Low Stock Price Forecast$46.00 Forecasted Upside/Downside-0.5%Consensus RatingHold Rating Score (0-4)1.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$3.02 Trailing P/E Ratio16.13 Forward P/E Ratio17.98 P/E Growth3.02Net Income$274.92 million Net Margins10.94% Pretax Margin13.59% Return on Equity14.22% Return on Assets4.22% Debt Debt-to-Equity Ratio1.32 Current Ratio0.87 Quick Ratio0.71 Sales & Book Value Annual Sales$2.91 billion Price / Sales1.63 Cash Flow$3.82 per share Price / Cash Flow12.75 Book Value$18.88 per share Price / Book2.58Miscellaneous Outstanding Shares96,960,000Free Float96,266,000Market Cap$4.72 billion OptionableOptionable Beta0.65 Key ExecutivesStephen D. WesthovenPresident, Chief Executive Officer & DirectorRoberto F. BelSVP, Chief Financial & Accounting OfficerJacqueline K. SheaChief Information Officer & Senior Vice PresidentRichard ReichSenior Vice President & General CounselAmy CradicSVP & COO-Non-Utility Business & StrategyKey CompetitorsNational Fuel GasNYSE:NFGNorthwest NaturalNYSE:NWNAtmos EnergyNYSE:ATOONE GasNYSE:OGSSpireNYSE:SRView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 73,728 shares on 5/26/2023Ownership: 0.933%Ameriprise Financial Inc.Bought 20,276 shares on 5/22/2023Ownership: 0.862%Putnam Investments LLCSold 538 shares on 5/22/2023Ownership: 0.013%JPMorgan Chase & Co.Bought 13,796 shares on 5/18/2023Ownership: 0.856%New York State Common Retirement FundSold 19,500 shares on 5/18/2023Ownership: 0.051%View All Insider TransactionsView All Institutional Transactions NJR Stock - 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 year. There are currently 1 sell rating and 2 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 forecast for 2023? 3 equities research analysts have issued 1 year target prices for New Jersey Resources' shares. Their NJR share price forecasts range from $46.00 to $51.00. On average, they expect the company's stock price to reach $48.50 in the next year. This suggests that the stock has a possible downside of 0.5%. 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 start of the year. Since then, NJR shares have decreased by 1.8% and is now trading at $48.72. 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, August 3rd 2023. 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 Thursday, May, 4th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by $0.04. The utilities provider earned $644 million during the quarter, compared to the consensus estimate of $954.32 million. New Jersey Resources had a net margin of 10.94% and a trailing twelve-month return on equity of 14.22%. New Jersey Resources's quarterly revenue was down 29.4% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. 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 Wednesday, April 5th. Investors of record on Wednesday, June 14th will be given a dividend of $0.39 per share on Monday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Tuesday, June 13th. Read our dividend analysis for NJR. What ETFs hold New Jersey Resources' stock? ETFs with the largest weight of New Jersey Resources (NYSE:NJR) stock in their portfolio include WBI BullBear Value 3000 ETF (WBIF), SPDR S&P Kensho Clean Power ETF (CNRG), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Invesco DWA Utilities Momentum ETF (PUI), Tortoise North American Pipeline Fund (TPYP), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Opus Small Cap Value Plus ETF (OSCV) and Invesco S&P MidCap Low Volatility ETF (XMLV). Is New Jersey Resources a good dividend stock? New Jersey Resources (NYSE:NJR) pays an annual dividend of $1.56 per share and currently has a dividend yield of 3.19%. The company has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NJR will have a dividend payout ratio of 57.35% 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 on Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly created shares were distributed 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 issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $2.62-$2.72 for the period, compared to the consensus estimate of $2.70. 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? 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). What is New Jersey Resources' stock symbol? New Jersey Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "NJR." Who are New Jersey Resources' major shareholders? New Jersey Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.06%), State Street Corp (10.41%), Dimensional Fund Advisors LP (2.79%), Wellington Management Group LLP (1.96%), Geode Capital Management LLC (1.91%) and Bank of New York Mellon Corp (1.54%). 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. What is New Jersey Resources' stock price today? One share of NJR stock can currently be purchased for approximately $48.72. How much money does New Jersey Resources make? New Jersey Resources (NYSE:NJR) has a market capitalization of $4.72 billion and generates $2.91 billion in revenue each year. The utilities provider earns $274.92 million in net income (profit) each year or $3.02 on an earnings per share basis. How many employees does New Jersey Resources have? The company employs 1,288 workers across the globe. How can I contact New Jersey Resources? New Jersey Resources' mailing address is 1415 Wyckoff Road, WALL TOWNSHIP NJ, 07719. The official website for the company is www.njresources.com. The utilities provider can be reached via phone at (732) 938-1000, via email at dpuma@njresources.com, or via fax at 732-938-3154. This page (NYSE:NJR) was last updated on 5/31/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding New Jersey Resources Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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