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NYSE:NJR

New Jersey Resources - NJR Stock Forecast, Price & News

$45.51
+0.05 (+0.11%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$45.43
$46.05
50-Day Range
$41.33
$46.87
52-Week Range
$34.41
$47.50
Volume
322,488 shs
Average Volume
504,880 shs
Market Capitalization
$4.38 billion
P/E Ratio
19.87
Dividend Yield
3.19%
Price Target
$46.00

New Jersey Resources MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.1% Upside
$46.00 Price Target
Short Interest
Healthy
3.37% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.10mentions of New Jersey Resources in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$121,722 Sold Last Quarter
Proj. Earnings Growth
-1.61%
From $2.48 to $2.44 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.94 out of 5 stars

Utilities Sector

68th out of 87 stocks

Natural Gas Distribution Industry

9th out of 13 stocks

NJR stock logo

About New Jersey Resources (NYSE:NJR) Stock

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 Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 564,000 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar projects situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers 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 Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.

New Jersey Resources Stock Performance

Shares of NYSE:NJR traded up $0.05 on Thursday, hitting $45.51. 322,488 shares of the company were exchanged, compared to its average volume of 504,880. The company's 50 day moving average price is $44.36 and its two-hundred day moving average price is $43.96. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 3.03 and a beta of 0.53. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.76. New Jersey Resources has a one year low of $34.41 and a one year high of $47.50.

New Jersey Resources (NYSE:NJR - Get Rating) last released its earnings results on Thursday, August 4th. The utilities provider reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.10). The firm had revenue of $552.34 million for the quarter, compared to analyst estimates of $418.65 million. New Jersey Resources had a return on equity of 11.54% and a net margin of 8.20%. The firm's quarterly revenue was up 50.3% compared to the same quarter last year. During the same period last year, the business earned ($0.15) earnings per share. Research analysts expect that New Jersey Resources will post 2.48 earnings per share for the current year.

New Jersey Resources Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 26th will be given a $0.3625 dividend. The ex-dividend date of this dividend is Friday, September 23rd. This represents a $1.45 annualized dividend and a yield of 3.19%. New Jersey Resources's dividend payout ratio (DPR) is currently 63.32%.

Analyst Upgrades and Downgrades

NJR has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their target price on shares of New Jersey Resources from $45.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Monday. Mizuho boosted their price objective on New Jersey Resources from $42.00 to $45.00 in a research report on Friday, April 29th. StockNews.com raised New Jersey Resources from a "sell" rating to a "hold" rating in a report on Wednesday, May 18th. Finally, TheStreet lowered New Jersey Resources from a "b" rating to a "c+" rating in a report on Wednesday, July 20th.

Insiders Place Their Bets

In other news, COO Patrick J. Migliaccio sold 2,690 shares of New Jersey Resources stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $45.25, for a total transaction of $121,722.50. Following the sale, the chief operating officer now directly owns 36,016 shares in the company, valued at approximately $1,629,724. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.68% of the company's stock.

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NJR Stock News Headlines

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NJR Company Calendar

Ex-Dividend for 7/1 Dividend
6/14/2022
Dividend Payable
7/01/2022
Last Earnings
8/04/2022
Today
8/12/2022
Ex-Dividend for 10/3 Dividend
9/23/2022
Fiscal Year End
9/30/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
11/17/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$46.00
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+1.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$117.89 million
Pretax Margin
10.18%

Debt

Sales & Book Value

Annual Sales
$2.16 billion
Cash Flow
$3.33 per share
Book Value
$18.38 per share

Miscellaneous

Free Float
95,574,000
Market Cap
$4.38 billion
Optionable
Optionable
Beta
0.53

Key Executives

  • Mr. Stephen D. Westhoven (Age 54)
    Pres, CEO & Director
    Comp: $2.18M
  • Mr. Patrick J. Migliaccio (Age 48)
    Sr. VP & COO of New Jersey Natural Gas
    Comp: $849.6k
  • Ms. Amy Cradic (Age 50)
    Sr. VP and COO of Non-Utility Bus.es, Strategy & External Affairs
    Comp: $689.55k
  • Mr. Roberto F. Bel (Age 49)
    Sr. VP and CFO
  • Ms. Jacqueline K. Shea (Age 58)
    VP & Chief Information Officer
  • Mr. Richard Reich (Age 47)
    Sr. VP & Gen. Counsel
  • Mr. Robert Pohlman
    VP of Strategy, Communications, Gov. Relations & Policy
  • Mr. David Johnson (Age 53)
    VP of Corp. Bus. Devel.
  • Mr. Glenn C. Lockwood (Age 61)
    Exec. VP
  • Mr. Thomas J. Massaro Jr. (Age 56)
    SVP of NJR Retail & Pres of NJR Home Services













NJR Stock - Frequently Asked Questions

Should I buy or sell New Jersey Resources stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Jersey Resources in the last twelve months. There are currently 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 2022?

2 Wall Street research analysts have issued 12 month price targets for New Jersey Resources' shares. Their NJR share price forecasts range from $45.00 to $47.00. On average, they predict the company's share price to reach $46.00 in the next year. This suggests a possible upside of 1.1% from the stock's current price.
View analysts price targets for NJR
or view top-rated stocks among Wall Street analysts.

How have NJR shares performed in 2022?

New Jersey Resources' stock was trading at $41.06 at the beginning of the year. Since then, NJR stock has increased by 10.8% and is now trading at $45.51.
View the best growth stocks for 2022 here
.

When is New Jersey Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
View our NJR earnings forecast
.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Co. (NYSE:NJR) released its quarterly earnings data on Thursday, August, 4th. The utilities provider reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.06 by $0.10. The utilities provider had revenue of $552.34 million for the quarter, compared to the consensus estimate of $418.65 million. New Jersey Resources had a trailing twelve-month return on equity of 11.54% and a net margin of 8.20%. The business's quarterly revenue was up 50.3% compared to the same quarter last year. During the same period last year, the business earned ($0.15) earnings per share.

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 Friday, July 15th. Investors of record on Monday, September 26th will be given a dividend of $0.3625 per share on Monday, October 3rd. This represents a $1.45 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, September 23rd.
Read our dividend analysis for NJR
.

Is New Jersey Resources a good dividend stock?

New Jersey Resources (NYSE:NJR) pays an annual dividend of $1.45 per share and currently has a dividend yield of 3.19%. 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 63.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NJR will have a dividend payout ratio of 59.43% 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's stock split on 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 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 issued an update on its FY 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share guidance of $2.40-$2.50 for the period, compared to the consensus estimate of $2.35. 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?

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 variety of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (0.91%), ProShare Advisors LLC (0.74%), Confluence Investment Management LLC (0.45%), Principal Financial Group Inc. (0.39%), Rhumbline Advisers (0.34%) and Tortoise Index Solutions LLC (0.23%). Insiders that own company stock include Donald L Correll, James H Degraffenreidt Jr, Laurence M Downes, 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 $45.51.

How much money does New Jersey Resources make?

New Jersey Resources (NYSE:NJR) has a market capitalization of $4.38 billion and generates $2.16 billion in revenue each year. The utilities provider earns $117.89 million in net income (profit) each year or $2.29 on an earnings per share basis.

How many employees does New Jersey Resources have?

The company employs 1,251 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 8/12/2022 by MarketBeat.com Staff

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