NYSE:NJR New Jersey Resources - NJR Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding New Jersey Resources Co. Please log in to your account or sign up in order to add this asset to your watchlist. $52.28 +0.11 (+0.21%) (As of 03/28/2023 04:33 PM ET) Add Compare Share Share Today's Range$51.72▼$52.3550-Day Range$48.77▼$53.1352-Week Range$38.07▼$53.53Volume272,759 shsAverage Volume504,421 shsMarket Capitalization$5.07 billionP/E Ratio18.09Dividend Yield2.98%Price Target$46.75 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media New Jersey Resources MarketRank™ ForecastAnalyst RatingHold1.67 Rating ScoreUpside/Downside10.6% Downside$46.75 Price TargetShort InterestBearish4.37% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.35Based on 2 Articles This WeekInsider TradingSelling Shares$104,040 Sold Last QuarterProj. Earnings Growth-0.37%From $2.70 to $2.69 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.66 out of 5 starsUtilities Sector77th out of 85 stocksNatural Gas Distribution Industry12th out of 13 stocks 0.8 Analyst's Opinion Consensus RatingNew Jersey Resources has received a consensus rating of Hold. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $46.75, New Jersey Resources has a forecasted downside of 10.6% from its current price of $52.28.Amount of Analyst CoverageNew Jersey Resources has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.37% of the float of New Jersey Resources has been sold short.Short Interest Ratio / Days to CoverNew Jersey Resources has a short interest ratio ("days to cover") of 8.6.Change versus previous monthShort interest in New Jersey Resources has recently increased by 18.93%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldNew Jersey Resources pays a meaningful dividend of 3.03%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthNew Jersey Resources has been increasing its dividend for 27 years.Dividend CoverageThe dividend payout ratio of New Jersey Resources is 53.98%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, New Jersey Resources will have a dividend payout ratio of 57.99% next year. This indicates that New Jersey Resources will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NJR. Previous Next 1.3 News and Social Media Coverage News SentimentNew Jersey Resources has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Utilities companies.News Coverage This WeekMarketBeat has tracked 2 news articles for New Jersey Resources this week, compared to 2 articles on an average week.Search InterestOnly 3 people have searched for NJR on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added New Jersey Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, New Jersey Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $104,040.00 in company stock.Percentage Held by InsidersOnly 0.72% of the stock of New Jersey Resources is held by insiders.Percentage Held by Institutions74.09% of the stock of New Jersey Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for New Jersey Resources are expected to decrease by -0.37% in the coming year, from $2.70 to $2.69 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Jersey Resources is 18.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.83.Price to Earnings Ratio vs. SectorThe P/E ratio of New Jersey Resources is 18.09, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 104.77.Price to Earnings Growth RatioNew Jersey Resources has a PEG Ratio of 3.18. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioNew Jersey Resources has a P/B Ratio of 2.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About New Jersey Resources (NYSE:NJR) StockNew 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: Natural Gas Distribution, Clean Energy Ventures, Energy Services, Storage and Transportation, and Home Services and Other. The Natural Gas Distribution segment regulates natural gas services, off-system sales, capacity, and storage management operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Energy Services segment consists of unregulated wholesale and retail energy operations, as well as energy management services. The Storage and Transportation segment consists of investments in the natural gas storage and transportation market, such as natural gas storage and transportation facilities. The company was founded in 1981 and is headquartered in Wall, NJ.Read More Receive NJR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for New Jersey Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address NJR Stock News HeadlinesMarch 17, 2023 | finance.yahoo.comMDU Resources (MDU) to Gain From Spin-off & Planned InvestmentsMarch 17, 2023 | finance.yahoo.comZacks Industry Outlook Highlights MDU Resources, NewJersey Resources and SpireMarch 28, 2023 | Weiss Ratings (Ad)Urgent WarningThis was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …March 14, 2023 | seekingalpha.comNew Jersey Resources: Underperformance Since December, Looking At 2023March 9, 2023 | benzinga.comInsiders Selling New Jersey Resources And 3 Other StocksFebruary 24, 2023 | seekingalpha.comNJR New Jersey Resources CorporationFebruary 23, 2023 | finance.yahoo.comWhy New Jersey Resources (NJR) is a Top Dividend Stock for Your PortfolioFebruary 22, 2023 | finance.yahoo.comNew Jersey Natural Gas Announces Bill Credit and Rate Decrease for Residential and Small Commercial CustomersMarch 28, 2023 | Legacy Research (Affiliate) (Ad)"Prepare for Five Years of Famine"Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecastFebruary 11, 2023 | finance.yahoo.comInvestors Will Want New Jersey Resources' (NYSE:NJR) Growth In ROCE To PersistFebruary 8, 2023 | finance.yahoo.comShould You Invest in New Jersey Resources Corporation (NJR)?February 7, 2023 | finance.yahoo.comNew Jersey Resources Corporation (NYSE:NJR) Q1 2023 Earnings Call TranscriptFebruary 6, 2023 | investing.comNew Jersey Resources PT Raised to $51 at Mizuho SecuritiesFebruary 2, 2023 | finance.yahoo.comNew Jersey Resources Reports Fiscal 2023 First-Quarter Results and Increases Net Financial Earnings Guidance for Fiscal 2023January 28, 2023 | finance.yahoo.comWe Ran A Stock Scan For Earnings Growth And New Jersey Resources (NYSE:NJR) Passed With EaseJanuary 25, 2023 | finance.yahoo.comNew Jersey Resources Hosts 70th Annual Meeting; Shareowners Elect Four DirectorsJanuary 25, 2023 | msn.comNew Jersey Resources declares $0.39 dividendJanuary 25, 2023 | finance.yahoo.comNew Jersey Resources Highlights Expanded Commitment to Environmental Stewardship and Community EngagementJanuary 18, 2023 | finance.yahoo.com25 Biggest New Jersey Companies and StocksJanuary 12, 2023 | finance.yahoo.comNew Jersey Resources Schedules Fiscal 2023 First Quarter Earnings CallJanuary 9, 2023 | finance.yahoo.comCan New Jersey Resources Corporation (NYSE:NJR) Maintain Its Strong Returns?December 21, 2022 | finance.yahoo.comNew Jersey Resources Corporation: Raising target to $53December 12, 2022 | seekingalpha.comNew Jersey Resources: A Compounder, But An Expensive One At This TimeDecember 7, 2022 | finance.yahoo.comWith 75% institutional ownership, New Jersey Resources Corporation (NYSE:NJR) is a favorite amongst the big gunsDecember 7, 2022 | finance.yahoo.comNew Jersey Resources Named One of America’s Most Responsible Companies by NewsweekDecember 5, 2022 | finance.yahoo.comNew Jersey Resources Corporation: NJR's Solar Investments Boost Growth OutlookNovember 23, 2022 | finance.yahoo.comAnalysts Are Betting On New Jersey Resources Corporation (NYSE:NJR) With A Big Upgrade This WeekSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive NJR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for New Jersey Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address NJR Company Calendar Ex-Dividend for 1/3 Dividend12/13/2022Dividend Payable1/03/2023Last Earnings2/02/2023Ex-Dividend for 4/3 Dividend3/14/2023Today3/28/2023Dividend Payable4/03/2023Next Earnings (Estimated)5/04/2023Fiscal Year End9/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Natural gas distribution Sub-IndustryGas Utilities SectorUtilities Current SymbolNYSE:NJR CUSIP64602510 CIK356309 Webwww.njresources.com Phone(732) 938-1000Fax732-938-3154Employees1,288Year FoundedN/APrice Target and Rating Average Stock Price Forecast$46.75 High Stock Price Forecast$51.00 Low Stock Price Forecast$40.00 Forecasted Upside/Downside-10.4%Consensus RatingHold Rating Score (0-4)1.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.89 Trailing P/E Ratio18.05 Forward P/E Ratio19.32 P/E Growth3.18Net Income$274.92 million Net Margins9.46% Pretax Margin11.83% Return on Equity15.62% Return on Assets4.57% Debt Debt-to-Equity Ratio1.40 Current Ratio0.95 Quick Ratio0.69 Sales & Book Value Annual Sales$2.91 billion Price / Sales1.74 Cash Flow$3.90 per share Price / Cash Flow13.39 Book Value$18.88 per share Price / Book2.76Miscellaneous Outstanding Shares96,890,000Free Float96,190,000Market Cap$5.05 billion OptionableOptionable Beta0.64 Key ExecutivesStephen D. WesthovenPresident, Chief Executive Officer & DirectorRoberto F. BelSVP, Chief Financial & Accounting OfficerJacqueline K. SheaChief Information Officer & Senior Vice PresidentRichard ReichSenior Vice President & General CounselAmy CradicSVP & COO-Non-Utility Business & StrategyKey CompetitorsNational Fuel GasNYSE:NFGNorthwest NaturalNYSE:NWNAtmos EnergyNYSE:ATOONE GasNYSE:OGSSpireNYSE:SRView All CompetitorsInsiders & InstitutionsNeo Ivy Capital ManagementBought 10,578 shares on 3/27/2023Ownership: 0.011%B. Riley Wealth Advisors Inc.Bought 520 shares on 3/15/2023Ownership: 0.008%Claro Advisors LLCBought 2,661 shares on 3/13/2023Ownership: 0.010%Patrick J MigliaccioSold 2,040 sharesTotal: $104,040.00 ($51.00/share)Rockefeller Capital Management L.P.Bought 16,105 shares on 3/6/2023Ownership: 0.018%View All Insider TransactionsView All Institutional Transactions NJR Stock - Frequently Asked Questions Should I buy or sell New Jersey Resources stock right now? 3 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 and 2 hold ratings for the stock. The consensus among Wall Street 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 2023? 3 Wall Street analysts have issued 12 month target prices for New Jersey Resources' shares. Their NJR share price forecasts range from $40.00 to $51.00. On average, they anticipate the company's stock price to reach $46.75 in the next twelve months. This suggests that the stock has a possible downside of 10.4%. View analysts price targets for NJR or view top-rated stocks among Wall Street analysts. How have NJR shares performed in 2023? New Jersey Resources' stock was trading at $49.62 on January 1st, 2023. Since then, NJR stock has increased by 5.1% and is now trading at $52.17. View the best growth stocks for 2023 here. Are investors shorting New Jersey Resources? New Jersey Resources saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 4,210,000 shares, an increase of 18.9% from the February 28th total of 3,540,000 shares. Based on an average trading volume of 491,500 shares, the short-interest ratio is currently 8.6 days. Approximately 4.4% of the company's stock are sold short. View New Jersey Resources' Short Interest. When is New Jersey Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023. View our NJR earnings forecast. How were New Jersey Resources' earnings last quarter? New Jersey Resources Co. (NYSE:NJR) announced its quarterly earnings data on Thursday, February, 2nd. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. The utilities provider earned $723.60 million during the quarter, compared to analysts' expectations of $696.78 million. New Jersey Resources had a net margin of 9.46% and a trailing twelve-month return on equity of 15.62%. The company's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 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 Wednesday, January 25th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.39 per share on Monday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Tuesday, March 14th. Read our dividend analysis for NJR. What ETFs hold New Jersey Resources' stock? ETFs with the largest weight of New Jersey Resources (NYSE:NJR) stock in their portfolio include SPDR S&P Kensho Clean Power ETF (CNRG), Invesco DWA Utilities Momentum ETF (PUI), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Tortoise North American Pipeline Fund (TPYP), Invesco S&P MidCap Low Volatility ETF (XMLV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Opus Small Cap Value Plus ETF (OSCV) and SPDR S&P Dividend ETF (SDY). Is New Jersey Resources a good dividend stock? New Jersey Resources (NYSE:NJR) pays an annual dividend of $1.56 per share and currently has a dividend yield of 3.03%. 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 53.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NJR will have a dividend payout ratio of 57.99% 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? Shares of New Jersey Resources split before market open on Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly minted shares were issued to shareholders after the closing bell 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 2023 earnings guidance on Sunday, February, 5th. The company provided EPS guidance of $2.62-$2.72 for the period, compared to the consensus earnings per share estimate of $2.49. 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? 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 retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (2.82%), Wells Fargo & Company MN (2.69%), Geode Capital Management LLC (1.83%), First Trust Advisors LP (1.59%), Charles Schwab Investment Management Inc. (1.10%) and ProShare Advisors LLC (1.02%). Insiders that own company stock include James H Degraffenreidt Jr, M William Howard Jr, 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 $52.17. How much money does New Jersey Resources make? New Jersey Resources (NYSE:NJR) has a market capitalization of $5.05 billion and generates $2.91 billion in revenue each year. The utilities provider earns $274.92 million in net income (profit) each year or $2.89 on an earnings per share basis. How many employees does New Jersey Resources have? The company employs 1,288 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 3/28/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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