NYSE:NJR New Jersey Resources - NJR Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $52.40 -0.73 (-1.37%) (As of 02/6/2023 12:00 AM ET) Add Compare Share Share Today's Range$51.65▼$53.5350-Day Range$48.52▼$53.1352-Week Range$38.07▼$53.53Volume648,793 shsAverage Volume589,825 shsMarket Capitalization$5.08 billionP/E Ratio18.13Dividend Yield2.94%Price Target$45.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media New Jersey Resources MarketRank™ ForecastAnalyst RatingHold1.67 Rating ScoreUpside/Downside13.2% Downside$45.50 Price TargetShort InterestBearish3.46% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.53Based on 12 Articles This WeekInsider TradingSelling Shares$147,480 Sold Last QuarterProj. Earnings Growth0.37%From $2.67 to $2.68 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.1.88 out of 5 starsUtilities Sector73rd out of 83 stocksNatural Gas Distribution Industry11th out of 12 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 $45.50, New Jersey Resources has a forecasted downside of 13.2% from its current price of $52.40.Amount of Analyst CoverageNew Jersey Resources has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.46% of the float of New Jersey Resources has been sold short.Short Interest Ratio / Days to CoverNew Jersey Resources has a short interest ratio ("days to cover") of 5.5.Change versus previous monthShort interest in New Jersey Resources has recently increased by 4.40%, indicating that investor sentiment is decreasing. Previous Next 4.2 Dividend Strength Dividend YieldNew Jersey Resources pays a meaningful dividend of 2.94%, 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 53.98%. 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 58.21% 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 2.0 News and Social Media Coverage News SentimentNew Jersey Resources has a news sentiment score of 0.53. 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 news sentiment score is similar to the average news sentiment of Utilities companies.News Coverage This WeekMarketBeat has tracked 12 news articles for New Jersey Resources this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 5 people have added New Jersey Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -44% compared to the previous 30 days. 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 $147,480.00 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 $2.67 to $2.68 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Jersey Resources is 18.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.06.Price to Earnings Ratio vs. SectorThe P/E ratio of New Jersey Resources is 18.13, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 101.23.Price to Earnings Growth RatioNew Jersey Resources has a PEG Ratio of 3.32. 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 2.78. 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 HeadlinesFebruary 6, 2023 | investing.comNew Jersey Resources PT Raised to $51 at Mizuho SecuritiesFebruary 6, 2023 | americanbankingnews.comNew Jersey Resources (NYSE:NJR) Updates FY 2023 Earnings GuidanceFebruary 6, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. February 4, 2023 | americanbankingnews.comNew Jersey Resources (NYSE:NJR) Hits New 12-Month High Following Better-Than-Expected EarningsFebruary 2, 2023 | finance.yahoo.comNew Jersey Resources Reports Fiscal 2023 First-Quarter Results and Increases Net Financial Earnings Guidance for Fiscal 2023February 1, 2023 | americanbankingnews.comNew Jersey Resources (NYSE:NJR) Upgraded by StockNews.com to HoldFebruary 1, 2023 | americanbankingnews.comNew Jersey Resources (NJR) to Release Earnings on ThursdayJanuary 28, 2023 | finance.yahoo.comWe Ran A Stock Scan For Earnings Growth And New Jersey Resources (NYSE:NJR) Passed With EaseFebruary 6, 2023 | Wall Street Watch Dogs (Ad)The #1 Energy Stock to BuyThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…January 25, 2023 | finance.yahoo.comNew Jersey Resources Hosts 70th Annual Meeting; Shareowners Elect Four DirectorsJanuary 25, 2023 | msn.comNew Jersey Resources declares $0.39 dividendJanuary 25, 2023 | finance.yahoo.comNew Jersey Resources Highlights Expanded Commitment to Environmental Stewardship and Community EngagementJanuary 18, 2023 | finance.yahoo.com25 Biggest New Jersey Companies and StocksJanuary 12, 2023 | finance.yahoo.comNew Jersey Resources Schedules Fiscal 2023 First Quarter Earnings CallJanuary 9, 2023 | finance.yahoo.comCan New Jersey Resources Corporation (NYSE:NJR) Maintain Its Strong Returns?December 21, 2022 | finance.yahoo.comNew Jersey Resources Corporation: Raising target to $53December 12, 2022 | seekingalpha.comNew Jersey Resources: A Compounder, But An Expensive One At This TimeDecember 7, 2022 | finance.yahoo.comWith 75% institutional ownership, New Jersey Resources Corporation (NYSE:NJR) is a favorite amongst the big gunsDecember 7, 2022 | finance.yahoo.comNew Jersey Resources Named One of America’s Most Responsible Companies by NewsweekDecember 5, 2022 | finance.yahoo.comNew Jersey Resources Corporation: NJR's Solar Investments Boost Growth OutlookNovember 23, 2022 | finance.yahoo.comAnalysts Are Betting On New Jersey Resources Corporation (NYSE:NJR) With A Big Upgrade This WeekNovember 19, 2022 | finance.yahoo.comNew Jersey Resources Full Year 2022 Earnings: Beats ExpectationsNovember 18, 2022 | msn.comWhat 4 Analyst Ratings Have To Say About New Jersey ResourcesNovember 18, 2022 | finance.yahoo.comNew Jersey Resources Corporation: New Jersey Resources Closes Fiscal Year With Strong Results; Renewable Investments Still GrowingNovember 18, 2022 | markets.businessinsider.comAnalyst Ratings for New Jersey ResourcesNovember 18, 2022 | markets.businessinsider.comExpert Ratings for New Jersey ResourcesNovember 17, 2022 | markets.businessinsider.comNew Jersey Resources Q4 Profit Tops EstimatesSee 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 1/3 Dividend12/13/2022Dividend Payable1/03/2023Last Earnings2/02/2023Today2/06/2023Ex-Dividend for 4/3 Dividend3/14/2023Dividend Payable4/03/2023Next Earnings (Estimated)5/04/2023Fiscal 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$45.50 High Stock Price Forecast$50.00 Low Stock Price Forecast$40.00 Forecasted Upside/Downside-13.2%Consensus RatingHold Rating Score (0-4)1.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.89 Trailing P/E Ratio18.13 Forward P/E Ratio19.63 P/E Growth3.32Net Income$274.92 million Net Margins9.46% Pretax Margin11.83% Return on Equity15.62% Return on Assets4.57% Debt Debt-to-Equity Ratio1.40 Current Ratio0.95 Quick Ratio0.69 Sales & Book Value Annual Sales$2.91 billion Price / Sales1.75 Cash Flow$3.79 per share Price / Cash Flow13.83 Book Value$18.88 per share Price / Book2.78Miscellaneous Outstanding Shares96,890,000Free Float96,190,000Market Cap$5.08 billion OptionableOptionable Beta0.64 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 CompetitorsSouth Jersey IndustriesNYSE:SJINational Fuel GasNYSE:NFGNorthwest NaturalNYSE:NWNAtmos EnergyNYSE:ATOONE GasNYSE:OGSView All CompetitorsInsiders & InstitutionsMattern Capital Management LLCSold 6,440 shares on 2/6/2023Ownership: 0.133%Retirement Systems of AlabamaBought 849 shares on 2/6/2023Ownership: 0.131%Jackson Creek Investment Advisors LLCBought 1,318 shares on 2/6/2023Ownership: 0.024%Newport Capital Group LLCSold 19,563 shares on 2/6/2023Ownership: 0.020%Brinker Capital Investments LLCSold 3,243 shares on 2/6/2023Ownership: 0.006%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 equities 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 equities 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 Wall Street analysts have issued twelve-month target prices for New Jersey Resources' stock. Their NJR share price forecasts range from $40.00 to $50.00. On average, they expect the company's share price to reach $45.50 in the next year. This suggests that the stock has a possible downside of 13.2%. 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 on January 1st, 2023. Since then, NJR shares have increased by 5.6% and is now trading at $52.40. View the best growth stocks for 2023 here. Are investors shorting New Jersey Resources? New Jersey Resources saw a decrease in short interest during the month of December. As of December 30th, there was short interest totaling 3,180,000 shares, a decrease of 18.0% from the December 15th total of 3,880,000 shares. Based on an average daily trading volume, of 605,800 shares, the days-to-cover ratio is currently 5.2 days. Approximately 3.3% of the shares of the company are sold short. View New Jersey Resources' Short Interest. When is New Jersey Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023. View our NJR earnings forecast. How were New Jersey Resources' earnings last quarter? New Jersey Resources Co. (NYSE:NJR) announced its quarterly earnings data on Thursday, February, 2nd. The utilities provider reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. The utilities provider had revenue of $723.60 million for the quarter, compared to analysts' expectations of $696.78 million. New Jersey Resources had a trailing twelve-month return on equity of 15.62% and a net margin of 9.46%. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 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, January 25th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.39 per share on Monday, April 3rd. This represents a $1.56 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Tuesday, March 14th. Read our dividend analysis for NJR. Is New Jersey Resources a good dividend stock? New Jersey Resources (NYSE:NJR) pays an annual dividend of $1.56 per share and currently has a dividend yield of 2.94%. 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 53.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NJR will have a dividend payout ratio of 58.21% 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 shares split on Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly created shares were payable 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 updated its FY 2023 earnings guidance on Sunday, February, 5th. The company provided earnings per share (EPS) guidance of $2.62-$2.72 for the period, compared to the consensus EPS estimate of $2.49. 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 many different retail and institutional investors. Top institutional investors include ProShare Advisors LLC (1.02%), Confluence Investment Management LLC (0.46%), Keystone Financial Planning Inc. (0.16%), Janney Montgomery Scott LLC (0.16%), Hennessy Advisors Inc. (0.14%) and Mattern Capital Management LLC (0.13%). Insiders that own company stock include Donald L Correll, James H Degraffenreidt Jr, M William Howard Jr, Patrick J Migliaccio, Patrick J Migliaccio 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 $52.40. How much money does New Jersey Resources make? New Jersey Resources (NYSE:NJR) has a market capitalization of $5.08 billion and generates $2.91 billion in revenue each year. The utilities provider earns $274.92 million in net income (profit) each year or $2.89 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 2/6/2023 by MarketBeat.com Staff 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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