New Jersey Resources Stock Forecast, Price & News

New Jersey Resources (NYSE:NJR) Frequently Asked Questions

Is New Jersey Resources a buy right now?

5 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, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" New Jersey Resources stock. 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 analyst ratings for New Jersey Resources or view top-rated stocks.

How has New Jersey Resources' stock price been impacted by Coronavirus?

New Jersey Resources' stock was trading at $33.18 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NJR shares have increased by 19.7% and is now trading at $39.73.
View which stocks have been most impacted by COVID-19.

When is New Jersey Resources' next earnings date?

New Jersey Resources is scheduled to release its next quarterly earnings announcement on Thursday, February 3rd 2022.
View our earnings forecast for New Jersey Resources.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Co. (NYSE:NJR) released its quarterly earnings results on Thursday, November, 18th. The utilities provider reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by $0.01. The utilities provider earned $532.80 million during the quarter, compared to analyst estimates of $610.33 million. New Jersey Resources had a trailing twelve-month return on equity of 12.16% and a net margin of 5.47%. New Jersey Resources's revenue was up 33.2% on a year-over-year basis. During the same quarter last year, the business posted $0.57 earnings per share.
View New Jersey Resources' earnings history.

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, November 10th. Shareholders of record on Wednesday, December 15th will be given a dividend of $0.363 per share on Monday, January 3rd. This represents a $1.45 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Tuesday, December 14th. This is a boost from New Jersey Resources's previous quarterly dividend of $0.33.
View New Jersey Resources' dividend history.

Is New Jersey Resources a good dividend stock?

New Jersey Resources pays an annual dividend of $1.45 per share and currently has a dividend yield of 3.80%. New Jersey Resources has been increasing its dividend for 26 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of New Jersey Resources is 118.85%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, New Jersey Resources will have a dividend payout ratio of 59.67% next year. This indicates that New Jersey Resources will be able to sustain or increase its dividend.
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 the morning of 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 New Jersey Resources 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 2022 earnings guidance on Thursday, December, 2nd. The company provided earnings per share guidance of $2.200-$2.300 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.260. The company issued revenue guidance of -.

What price target have analysts set for NJR?

5 brokers have issued 1 year price targets for New Jersey Resources' stock. Their forecasts range from $39.00 to $45.00. On average, they anticipate New Jersey Resources' share price to reach $42.75 in the next twelve months. This suggests a possible upside of 7.6% from the stock's current price.
View analysts' price targets for New Jersey Resources or view top-rated stocks among Wall Street analysts.

Who are New Jersey Resources' key executives?

New Jersey Resources' management team includes the following people:

• Stephen D. Westhoven, President, Chief Executive Officer & Director
• Patrick J. Migliaccio, Chief Financial Officer & Senior Vice President
• Jacqueline K. Shea, Chief Information Officer & Vice President
• Richard Reich, Secretary, Senior Vice President & General Counsel
• Amanda E. Mullan, Chief Human Resources Officer & Senior VP

What is Laurence M. Downes' approval rating as New Jersey Resources' CEO?

10 employees have rated New Jersey Resources CEO Laurence M. Downes on Glassdoor.com. Laurence M. Downes has an approval rating of 100% among New Jersey Resources' employees. This puts Laurence M. Downes in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of New Jersey Resources' key competitors?

Some companies that are related to New Jersey Resources include ONEOK (OKE), Atmos Energy (ATO), UGI (UGI), National Fuel Gas (NFG), Southwest Gas (SWX), South Jersey Industries (SJI), Chesapeake Utilities (CPK) and Northwest Natural (NWN).
View all of NJR's competitors.

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (13.76%), Dimensional Fund Advisors LP (2.94%), Wellington Management Group LLP (2.61%), Geode Capital Management LLC (1.64%), Bank of New York Mellon Corp (1.41%) and Massachusetts Financial Services Co. MA (1.39%). Company insiders that own New Jersey Resources stock include Donald L Correll, James H Degraffenreidt Jr, M William Howard Jr, Patrick J Migliaccio and Timothy F Shea.
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 BlackRock Inc., Victory Capital Management Inc., Morgan Stanley, Goldman Sachs Group Inc., Confluence Investment Management LLC, Geode Capital Management LLC, Jane Street Group LLC, and Cubist Systematic Strategies LLC. Company insiders that have sold New Jersey Resources company stock in the last year include M William Howard Jr, Patrick J Migliaccio, and Timothy F Shea.
View insider buying and selling activity for New Jersey Resources or view top insider-selling stocks.

Which major investors are buying New Jersey Resources stock?

NJR stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Millennium Management LLC, Citigroup Inc., Wellington Management Group LLP, Massachusetts Financial Services Co. MA, Ontario Teachers Pension Plan Board, SG Americas Securities LLC, and Renaissance Technologies LLC.
View insider buying and selling activity for New Jersey Resources or or view top insider-buying stocks.

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 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 $39.73.

How much money does New Jersey Resources make?

New Jersey Resources has a market capitalization of $3.81 billion and generates $2.16 billion in revenue each year. The utilities provider earns $117.89 million in net income (profit) each year or $1.22 on an earnings per share basis.

How many employees does New Jersey Resources have?

New Jersey Resources employs 1,251 workers across the globe.

What is New Jersey Resources' official website?

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

Where are New Jersey Resources' headquarters?

New Jersey Resources is headquartered at 1415 Wyckoff Road, WALL TOWNSHIP NJ, 07719.

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, via email at [email protected], or via fax at 732-938-3154.