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 Ratio24.86
Forward P/E Ratio16.72
P/E Growth2.7
Sales & Book Value
Annual Sales$2.27 billion
Price / Sales1.69
Cash Flow$2.7565 per share
Price / Cash15.89
Book Value$14.29 per share
Price / Book3.07
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 declared a quarterly dividend on Tuesday, May 8th. Stockholders of record on Friday, June 15th will be given a dividend of $0.2725 per share on Monday, July 2nd. This represents a $1.09 annualized dividend and a dividend yield of 2.49%. 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 before market open 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 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.
How were New Jersey Resources' earnings last quarter?
New Jersey Resources Corp (NYSE:NJR) released its quarterly earnings data on Friday, May, 4th. The utilities provider reported $1.62 EPS for the quarter, beating the Zacks' consensus estimate of $0.97 by $0.65. The utilities provider had revenue of $1.02 million for the quarter, compared to the consensus estimate of $749.71 million. New Jersey Resources had a return on equity of 21.16% and a net margin of 9.06%. The business's quarterly revenue was down 99.9% on a year-over-year basis. During the same quarter last year, the company posted $1.21 EPS. 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 EPS estimate of $2.60.
What price target have analysts set for NJR?
4 brokerages have issued twelve-month target prices for New Jersey Resources' shares. Their forecasts 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. Amanda E. Mullan, Sr. VP & Chief HR Officer (Age 52)
- Ms. Jaqueline K. Shea, VP & Chief Information Officer (Age 54)
Has New Jersey Resources been receiving favorable news coverage?
Headlines about NJR stock have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. New Jersey Resources earned a news sentiment score of 0.15 on Accern's scale. They also assigned press coverage about the utilities provider an impact score of 46.55 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
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 institutional 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 institutional 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 $43.80.
How big of a company is New Jersey Resources?
New Jersey Resources has a market capitalization of $3.72 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.
