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About New Jersey Resources (NYSE:NJR)
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 529,800 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 in Montana, Iowa, Kansas, Wyoming, and Pennsylvania. 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
Industry Natural gas distribution
Sub-IndustryGas Utilities
SectorUtilities
SymbolNYSE:NJR
CUSIP64602510
Phone732-938-1480
Debt
Debt-to-Equity Ratio0.68
Current Ratio1.17
Quick Ratio1.05
Price-To-Earnings
Trailing P/E Ratio13.35
Forward P/E Ratio16.72
P/E Growth2.76
Sales & Book Value
Annual Sales$2.27 billion
Price / Sales1.69
Cash Flow$2.6961 per share
Price / Cash16.19
Book Value$16.73 per share
Price / Book2.61
Profitability
EPS (Most Recent Fiscal Year)$1.73
Net Income$132.06 million
Net Margins9.06%
Return on Equity21.16%
Return on Assets7.08%
Miscellaneous
Employees1,052
Outstanding Shares87,730,000
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, May 8th. Investors of record on Friday, June 15th will be paid a dividend of $0.2725 per share on Monday, July 2nd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, June 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's stock 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 distributed 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 Co. (NYSE:NJR) posted its quarterly earnings data on Friday, May, 4th. The utilities provider reported $1.62 EPS for the quarter, topping the Zacks' consensus estimate of $0.97 by $0.65. The utilities provider earned $1.02 million during the quarter, compared to the consensus estimate of $749.71 million. New Jersey Resources had a net margin of 9.06% and a return on equity of 21.16%. The business's revenue was down 99.9% compared to the same quarter last year. During the same period last year, the company posted $1.21 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 FY18 earnings guidance on Friday, May, 4th. The company provided earnings per share guidance of $2.55-2.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.60.
What price target have analysts set for NJR?
4 equities research analysts have issued 1 year target prices for New Jersey Resources' shares. Their predictions range from $38.00 to $49.00. On average, they anticipate New Jersey Resources' share price to reach $43.00 in the next year. View Analyst Ratings for New Jersey Resources.
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, Pres & CEO (Age 61)
- Mr. Patrick J. Migliaccio, Sr. VP & CFO (Age 44)
- Mr. Stephen D. Westhoven, Exec. VP & COO (Age 50)
- Ms. Jaqueline K. Shea, VP & Chief Information Officer (Age 54)
- Ms. Nancy A. Washington, Sr. VP & Gen. Counsel (Age 54)
Has New Jersey Resources been receiving favorable news coverage?
Media headlines about NJR stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. New Jersey Resources earned a media sentiment score of 0.06 on Accern's scale. They also gave headlines about the utilities provider an impact score of 46.61 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are New Jersey Resources' major shareholders?
New Jersey Resources' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.04%), Dimensional Fund Advisors LP (1.81%), Northern Trust Corp (1.48%), Wells Fargo & Company MN (1.14%), Victory Capital Management Inc. (0.71%) and Schwab Charles Investment Management Inc. (0.71%). 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 Millennium Management LLC, BlackRock Inc., State of Wisconsin Investment Board, Hennessy Advisors Inc., BNP Paribas Arbitrage SA, JPMorgan Chase & Co., SG Americas Securities LLC and Massachusetts Financial Services Co. MA. Company insiders that have sold New Jersey Resources company stock in the last year include Amanda Mullan, Lawrence R Codey 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 Summit Trail Advisors LLC, Prudential Financial Inc., Wells Fargo & Company MN, Federated Investors Inc. PA, Schwab Charles Investment Management Inc., Dimensional Fund Advisors LP, Trexquant Investment LP and Forsta AP Fonden. 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 $43.65.
How big of a company is New Jersey Resources?
New Jersey Resources has a market capitalization of $3.79 billion and generates $2.27 billion in revenue each year. The utilities provider earns $132.06 million in net income (profit) each year or $1.73 on an earnings per share basis. New Jersey Resources employs 1,052 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 utilities provider can be reached via phone at 732-938-1480 or via email at [email protected].
MarketBeat Community Rating for New Jersey Resources (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.
New Jersey Resources (NYSE:NJR) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
4 Wall Street analysts have issued ratings and price targets for New Jersey Resources in the last 12 months. Their average twelve-month price target is $43.00, suggesting that the stock has a possible downside of 1.49%. The high price target for NJR is $49.00 and the low price target for NJR is $38.00. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.75 | 2.75 | 2.50 | 2.25 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $43.00 | $43.00 | $43.00 | $41.00 |
| Price Target Upside: | 1.49% downside | 8.86% upside | 8.59% upside | 6.39% downside |
New Jersey Resources (NYSE:NJR) Consensus Price Target History
New Jersey Resources (NYSE:NJR) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
New Jersey Resources (NYSE:NJR) Dividend Information
New Jersey Resources pays an annual dividend of $1.09 per share, with a dividend yield of 2.50%. NJR's next quarterly dividend payment will be made on Monday, July 2. The company has grown its dividend for the last 22 consecutive years and is increasing its dividend by an average of 6.70% each year. New Jersey Resources pays out 63.01% of its earnings out as a dividend.
| Next Dividend: | 7/2/2018 |
| Annual Dividend: | $1.09 |
| Dividend Yield: | 2.50% |
| Dividend Growth: | 6.70% (3 Year Average) |
| Payout Ratio(s): | 63.01% (Trailing 12 Months of Earnings)
41.76% (Based on This Year's Estimates)
54.23% (Based on Next Year's Estimates)
40.43% (Based on Cash Flow)
|
| Track Record: | 22 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
New Jersey Resources (NYSE:NJR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/8/2018 | quarterly | $0.2725 | 2.55% | 6/14/2018 | 6/15/2018 | 7/2/2018 |
| 1/23/2018 | quarterly | $0.2725 | 2.72% | 3/14/2018 | 3/15/2018 | 4/2/2018 |
| 11/14/2017 | quarterly | $0.2725 | 2.42% | 12/14/2017 | 12/15/2017 | 1/2/2018 |
| 7/11/2017 | quarterly | $0.2550 | 2.55% | 9/21/2017 | 9/22/2017 | 10/2/2017 |
| 5/9/2017 | quarterly | $0.2550 | 2.55% | 6/13/2017 | 6/15/2017 | 7/3/2017 |
| 1/24/2017 | quarterly | $0.2550 | 2.79% | 3/13/2017 | 3/15/2017 | 4/3/2017 |
| 11/16/2016 | quarterly | $0.2550 | 3.12% | 12/13/2016 | 12/15/2016 | 1/3/2017 |
| 7/13/2016 | quarterly | $0.24 | 2.56% | 9/21/2016 | 9/23/2016 | 10/3/2016 |
| 5/11/2016 | quarterly | $0.24 | 2.64% | 6/13/2016 | 6/15/2016 | 7/1/2016 |
| 1/19/2016 | quarterly | $0.24 | 2.86% | 3/11/2016 | 3/15/2016 | 4/1/2016 |
| 11/11/2015 | quarterly | $0.24 | 3.22% | 12/11/2015 | 12/15/2015 | 1/4/2016 |
| 7/14/2015 | quarterly | $0.2250 | 3.15% | 9/11/2015 | 9/15/2015 | 10/1/2015 |
| 5/13/2015 | quarterly | $0.2250 | 2.94% | 6/11/2015 | 6/15/2015 | 7/1/2015 |
| 1/21/2015 | quarterly | $0.2250 | 1.36% | 3/11/2015 | 3/13/2015 | 4/1/2015 |
| 11/12/2014 | quarterly | $0.45 | 3.1% | 12/11/2014 | 12/15/2014 | 1/2/2015 |
| 7/16/2014 | quarterly | $0.42 | 3.01% | 9/11/2014 | 9/15/2014 | 10/1/2014 |
| 5/14/2014 | quarterly | $0.42 | 3.29% | 6/11/2014 | 6/13/2014 | 7/1/2014 |
| 1/21/2014 | quarterly | $0.42 | 3.63% | 3/12/2014 | 3/14/2014 | 4/1/2014 |
| 11/13/2013 | quarterly | $0.42 | 3.7% | 12/11/2013 | 12/13/2013 | 1/2/2014 |
| 7/10/2013 | quarterly | $0.40 | 3.74% | 9/12/2013 | 9/16/2013 | 10/1/2013 |
| 5/15/2013 | quarterly | $0.40 | 3.47% | 6/12/2013 | 6/14/2013 | 7/1/2013 |
| 1/24/2013 | quarterly | $0.40 | 3.82% | 3/13/2013 | 3/15/2013 | 4/1/2013 |
(Data available from 1/1/2013 forward)
New Jersey Resources (NYSE NJR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 65.97%
New Jersey Resources (NYSE NJR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/14/2018 | Patrick J. Migliaccio | VP | Sell | 2,618 | $37.90 | $99,222.20 | |  |
| 12/4/2017 | Amanda Mullan | VP | Sell | 920 | $44.64 | $41,068.80 | | |
| 11/28/2017 | Lawrence R. Codey | Director | Sell | 6,000 | $43.13 | $258,780.00 | 13,266 | |
| 2/24/2017 | Jane M Kenny | Director | Sell | 3,000 | $39.43 | $118,290.00 | 12,031 | |
| 12/23/2016 | Patrick J Migliaccio | VP | Sell | 1,366 | $36.22 | $49,476.52 | 15,025 | |
| 12/20/2016 | M William Howard, Jr. | Director | Sell | 1,000 | $36.93 | $36,930.00 | | |
| 5/17/2016 | George R Zoffinger | Director | Sell | 9,743 | $34.77 | $338,764.11 | 12,594 | |
| 3/23/2016 | Mariellen Dugan | VP | Sell | 9,511 | $35.60 | $338,591.60 | 39,353 | |
| 3/16/2016 | Jane M Kenny | Director | Sell | 4,500 | $35.00 | $157,500.00 | 11,982 | |
| 3/14/2016 | Patrick J Migliaccio | CFO | Sell | 1,800 | $34.45 | $62,010.00 | 13,337 | |
| 3/8/2016 | M William Howard Jr | Director | Sell | 2,000 | $35.00 | $70,000.00 | 13,440 | |
| 12/15/2014 | Mariellen Dugan | VP | Sell | 4,500 | $57.92 | $260,640.00 | | |
| 12/11/2014 | Stephen D Westhoven | VP | Sell | 5,125 | $60.00 | $307,500.00 | | |
| 5/20/2014 | Deborah Zilai | VP | Sell | 3,375 | $52.54 | $177,322.50 | 30,460 | |
| 3/19/2014 | Mariellen Dugan | VP | Sell | 4,500 | $48.87 | $219,915.00 | 12,233 | |
| 6/10/2013 | Mariellen Dugan | VP | Sell | 4,500 | $45.37 | $204,165.00 | | |
(Data available from 1/1/2013 forward)
New Jersey Resources (NYSE NJR) News Headlines
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New Jersey Resources (NYSE:NJR) SEC Filings
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New Jersey Resources (NYSE:NJR) Income Statement, Balance Sheet and Cash Flow Statement
New Jersey Resources (NYSE NJR) Stock Chart for Thursday, May, 24, 2018
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