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NYSE:NJR

New Jersey Resources Stock Forecast, Price & News

$26.59
+0.07 (+0.26 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$26.20
Now: $26.59
$26.79
50-Day Range
$26.28
MA: $30.14
$33.49
52-Week Range
$21.14
Now: $26.59
$45.79
Volume503,691 shs
Average Volume618,949 shs
Market Capitalization$2.55 billion
P/E Ratio14.69
Dividend Yield5.02%
Beta0.32
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.3Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.47 out of 5 stars


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$2.59 billion
Cash Flow$2.77 per share
Book Value$17.25 per share

Profitability

Net Income$169.51 million

Miscellaneous

Employees1,108
Market Cap$2.55 billion
Next Earnings Date11/17/2020 (Estimated)
OptionableOptionable
$26.59
+0.07 (+0.26 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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New Jersey Resources (NYSE:NJR) Frequently Asked Questions

How has New Jersey Resources' stock been impacted by Coronavirus (COVID-19)?

New Jersey Resources' stock was trading at $33.18 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NJR shares have decreased by 19.9% and is now trading at $26.59.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for New Jersey Resources
.

When is New Jersey Resources' next earnings date?

New Jersey Resources is scheduled to release its next quarterly earnings announcement on Tuesday, November 17th 2020.
View our earnings forecast for New Jersey Resources
.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Corp (NYSE:NJR) issued its quarterly earnings data on Friday, August, 7th. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.04 by $0.10. The utilities provider had revenue of $299 million for the quarter, compared to analyst estimates of $447.88 million. New Jersey Resources had a net margin of 8.30% and a return on equity of 9.43%. The business's revenue for the quarter was down 31.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.20) EPS.
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 Tuesday, July 14th. Stockholders of record on Tuesday, September 22nd will be given a dividend of $0.313 per share on Thursday, October 1st. This represents a $1.25 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Monday, September 21st.
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 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.

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

New Jersey Resources issued an update on its FY20 earnings guidance on Friday, August, 7th. The company provided EPS guidance of $2.05-$2.15 for the period, compared to the Thomson Reuters consensus estimate of $2.08.

What price target have analysts set for NJR?

4 equities research analysts have issued 12 month target prices for New Jersey Resources' shares. Their forecasts range from $29.00 to $38.00. On average, they expect New Jersey Resources' stock price to reach $34.67 in the next year. This suggests a possible upside of 30.4% from the stock's current price.
View analysts' price targets for New Jersey Resources
.

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 following 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)

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.64%), First Trust Advisors LP (1.54%), Bank of New York Mellon Corp (1.30%), FMR LLC (1.22%), Boston Trust Walden Corp (1.01%) and Charles Schwab Investment Management Inc. (0.91%). Company insiders that own New Jersey Resources stock include David A Trice, Donald L Correll, Jane M Kenny, Laurence M Downes, 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 Vanguard Group Inc., FMR LLC, Victory Capital Management Inc., Goldman Sachs Group Inc., Holocene Advisors LP, Russell Investments Group Ltd., Vident Investment Advisory LLC, and Jacobi Capital Management LLC. Company insiders that have sold New Jersey Resources company stock in the last year include Donald L Correll, and Patrick J Migliaccio.
View insider buying and selling activity for New Jersey Resources
.

Which institutional investors are buying New Jersey Resources stock?

NJR stock was bought by a variety of institutional investors in the last quarter, including Glenmede Trust Co. NA, First Trust Advisors LP, Boston Trust Walden Corp, Keystone Financial Planning Inc., AQR Capital Management LLC, Bank of New York Mellon Corp, Barclays PLC, and Swiss National Bank.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is New Jersey Resources' stock price today?

One share of NJR stock can currently be purchased for approximately $26.59.

How big of a company is New Jersey Resources?

New Jersey Resources has a market capitalization of $2.55 billion and generates $2.59 billion in revenue each year. The utilities provider earns $169.51 million in net income (profit) each year or $1.95 on an earnings per share basis. New Jersey Resources employs 1,108 workers across the globe.

What is New Jersey Resources' official website?

The official website for New Jersey Resources is 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]

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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