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

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$49.51 +0.31 (+0.63 %)
(As of 04/26/2019 06:25 AM ET)
Previous Close$49.20
Today's Range$48.91 - $49.73
52-Week Range$40.28 - $51.83
Volume249,357 shs
Average Volume425,673 shs
Market Capitalization$4.40 billion
P/E Ratio18.07
Dividend Yield2.38%
Beta0.34
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.

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Industry, Sector and Symbol

Industry Natural gas distribution
Sub-IndustryGas Utilities
SectorUtilities
CUSIP64602510
Phone732-938-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.92 billion
Cash Flow$3.7593 per share
Book Value$16.07 per share

Profitability

Net Income$233.43 million

Miscellaneous

Employees1,068
Market Cap$4.40 billion
Next Earnings Date5/3/2019 (Confirmed)
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 announced a quarterly dividend on Tuesday, January 22nd. Stockholders of record on Friday, March 15th will be given a dividend of $0.2925 per share on Monday, April 1st. This represents a $1.17 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, March 14th. View New Jersey Resources' Dividend History.

When did New Jersey Resources' stock split? How did New Jersey Resources' stock split work?

New Jersey Resources shares split on Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly issued 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) released its earnings results on Wednesday, February, 6th. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.69 by $0.08. The utilities provider earned $811.77 million during the quarter, compared to the consensus estimate of $712 million. New Jersey Resources had a return on equity of 10.92% and a net margin of 6.49%. The business's revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.56 EPS. View New Jersey Resources' Earnings History.

When is New Jersey Resources' next earnings date?

New Jersey Resources is scheduled to release their next quarterly earnings announcement on Friday, May 3rd 2019. View Earnings Estimates for New Jersey Resources.

How can I listen to New Jersey Resources' earnings call?

New Jersey Resources will be holding an earnings conference call on Friday, May 3rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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

New Jersey Resources updated its FY19 earnings guidance on Wednesday, February, 6th. The company provided EPS guidance of $1.95 to $2.05 for the period, compared to the Thomson Reuters consensus estimate of $2.12. New Jersey Resources also updated its FY 2019 guidance to $1.95-2.05 EPS.

What price target have analysts set for NJR?

4 brokerages have issued 12 month target prices for New Jersey Resources' stock. Their forecasts range from $47.00 to $49.00. On average, they expect New Jersey Resources' stock price to reach $48.00 in the next year. This suggests that the stock has a possible downside of 3.0%. 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 2 sell ratings, 1 hold rating 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?

Headlines about NJR stock have been trending somewhat negative on Friday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. New Jersey Resources earned a daily sentiment score of -1.5 on InfoTrie's scale. They also assigned headlines about the utilities provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near term.

Who are some of New Jersey Resources' key competitors?

What other stocks do shareholders of New Jersey Resources own?

Who are New Jersey Resources' key executives?

New Jersey Resources' management team includes the folowing people:
  • Mr. Laurence M. Downes, Chairman & CEO (Age 62)
  • Mr. Stephen D. Westhoven, Pres, COO & Director (Age 51)
  • Mr. Patrick J. Migliaccio, Sr. VP & CFO (Age 45)
  • Ms. Nancy A. Washington, Sr. VP & Gen. Counsel (Age 55)
  • Ms. Amanda E. Mullan, Sr. VP & Chief HR Officer (Age 53)

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 BTIM Corp. (0.52%), Confluence Investment Management LLC (0.50%), Retirement Systems of Alabama (0.38%), Clear Harbor Asset Management LLC (0.16%), BNP Paribas Arbitrage SA (0.05%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own New Jersey Resources stock include Amanda Mullan, David A Trice, Jane M Kenny, Lawrence R Codey, M William Howard Jr, M William Howard, Jr and Patrick J Migliaccio. View Institutional Ownership Trends for New Jersey Resources.

Which institutional investors are selling New Jersey Resources stock?

NJR stock was sold by a variety of institutional investors in the last quarter, including Pennsylvania Trust Co, Los Angeles Capital Management & Equity Research Inc., Eqis Capital Management Inc., Meeder Asset Management Inc., Strs Ohio, Ingalls & Snyder LLC, 6 Meridian and Murphy Capital Management Inc.. Company insiders that have sold New Jersey Resources company stock in the last year include David A Trice, Jane M Kenny, M William Howard Jr, M William Howard, Jr and Patrick J Migliaccio. View Insider Buying and Selling for New Jersey Resources.

Which institutional investors are buying New Jersey Resources stock?

NJR stock was acquired by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, Confluence Investment Management LLC, Gateway Advisory LLC, Wedbush Securities Inc., BTIM Corp., Clear Harbor Asset Management LLC, Retirement Systems of Alabama and CX Institutional. 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 $49.51.

How big of a company is New Jersey Resources?

New Jersey Resources has a market capitalization of $4.40 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?

The official website for New Jersey Resources is http://www.njresources.com.

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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  237 (Vote Outperform)
Underperform Votes:  280 (Vote Underperform)
Total Votes:  517
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.
This page was last updated on 4/26/2019 by MarketBeat.com Staff

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