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NYSE:NJR

New Jersey Resources Stock Forecast, Price & News

$39.70
+1.26 (+3.28%)
(As of 12/6/2021 04:00 PM ET)
Add
Compare
Today's Range
$38.46
$39.92
50-Day Range
$34.68
$39.70
52-Week Range
$32.48
$44.41
Volume
308,868 shs
Average Volume
485,235 shs
Market Capitalization
$3.81 billion
P/E Ratio
32.54
Dividend Yield
3.77%
Beta
0.57
30 days | 90 days | 365 days | Advanced Chart
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New Jersey Resources logo

About New Jersey Resources

New 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: New Jersey Natural Gas, NJR Clean Energy Ventures, NJR Energy Services, NJR Midstream, and NJR Home Services. The New Jersey Natural Gas segment provides regulated retail natural gas service to residential and commercial customers in central and northern New Jersey. The NJR Clean Energy Ventures segment invests in, owns and operates solar projects. The NJR Energy Services segment manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services in the U.S. and Canada. The NJR Midstream segment serves customers from local distributors and producers to electric generators and wholesale marketers. The NJR Home Services segment provides heating, ventilation and cooling service, sales and installation of appliances services to its customers, as well as solar installation projects, and is the primary contributor to home services. The company was founded in 1981 and is headquartered in Wall,

Headlines

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Industry, Sector and Symbol

Industry
Natural gas distribution
Sub-Industry
Gas Utilities
Sector
Utilities
CUSIP
64602510
Employees
1,251
Year Founded
N/A

Sales & Book Value

Annual Sales
$2.16 billion
Cash Flow
$3.44 per share
Book Value
$17.00 per share

Profitability

Net Income
$117.89 million
Pretax Margin
10.87%

Debt

Price-To-Earnings

Miscellaneous

Free Float
95,364,000
Market Cap
$3.81 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/17/2021
Dividend Payable
10/01/2021
Last Earnings
11/18/2021
Today
12/06/2021
Next Earnings (Estimated)
2/03/2022
Fiscal Year End
9/30/2022

MarketRank

Overall MarketRank

2.65 out of 5 stars

Utilities Sector

20th out of 122 stocks

Natural Gas Distribution Industry

5th out of 11 stocks

Analyst Opinion: 1.2Community Rank: 4.1Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












New Jersey Resources (NYSE:NJR) Frequently Asked Questions

Is New Jersey Resources a buy right now?

5 Wall Street 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 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 (WHO). Since then, NJR stock has increased by 19.7% and is now trading at $39.70.
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) issued its earnings results on Thursday, November, 18th. The utilities provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by $0.01. The utilities provider had revenue of $532.80 million for the quarter, compared to analyst estimates of $610.33 million. New Jersey Resources had a net margin of 5.47% and a trailing twelve-month return on equity of 12.16%. The firm's revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the business earned $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 paid a dividend of $0.363 per share on Monday, January 3rd. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Tuesday, December 14th. This is a positive change 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 3.77%. 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?

Shares of New Jersey Resources split on the morning of Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly minted shares were distributed to shareholders after the closing bell 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 issued an update on 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 estimate of $2.260. The company issued revenue guidance of -.

What price target have analysts set for NJR?

5 equities research analysts have issued 12 month price targets for New Jersey Resources' stock. Their forecasts range from $39.00 to $45.00. On average, they anticipate New Jersey Resources' stock price to reach $42.75 in the next twelve months. This suggests a possible upside of 7.7% 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?

What other stocks do shareholders of New Jersey Resources own?

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 shareholders 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 institutional 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 institutional investors are buying New Jersey Resources stock?

NJR stock was bought 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 $39.70.

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.


This page was last updated on 12/6/2021 by MarketBeat.com Staff

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