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NYSE:NJRNew Jersey Resources Stock Price, Forecast & News

$36.18
+1.34 (+3.85 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$36.14
Now: $36.18
$37.90
50-Day Range
$30.07
MA: $33.46
$35.59
52-Week Range
$21.14
Now: $36.18
$51.20
Volume522,357 shs
Average Volume611,350 shs
Market Capitalization$3.46 billion
P/E Ratio18.09
Dividend Yield3.59%
Beta0.42
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: 0.8Community Rank: 2.3Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.08 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$3.08 per share
Book Value$17.25 per share

Profitability

Net Income$169.51 million

Miscellaneous

Employees1,108
Market Cap$3.46 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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New Jersey Resources (NYSE:NJR) Frequently Asked Questions

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

New Jersey Resources' stock was trading at $33.18 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NJR stock has increased by 9.0% and is now trading at $36.18. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of New Jersey Resources?

3 Wall Street 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, 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, August 4th 2020. View our earnings forecast for New Jersey Resources.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Corp (NYSE:NJR) posted its quarterly earnings data on Friday, May, 8th. The utilities provider reported $1.12 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.43 by $0.31. The utilities provider had revenue of $639.60 million for the quarter, compared to analyst estimates of $881.60 million. New Jersey Resources had a return on equity of 9.11% and a net margin of 8.65%. The company's revenue was down 26.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.27 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, May 5th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.313 per share on Wednesday, July 1st. This represents a $1.25 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Monday, June 15th. 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 the morning of 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 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, May, 8th. The company provided EPS guidance of $2.05 to $2.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.10.

What price target have analysts set for NJR?

3 brokers have issued 12 month price targets for New Jersey Resources' shares. Their forecasts range from $38.00 to $38.00. On average, they expect New Jersey Resources' share price to reach $38.00 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price. View analysts' price targets for New Jersey Resources.

Has New Jersey Resources been receiving favorable news coverage?

News coverage about NJR stock has trended neutral recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. New Jersey Resources earned a coverage optimism score of 0.4 on InfoTrie's scale. They also assigned media headlines about the utilities provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news aboutNew 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 BlackRock Inc. (14.84%), State Street Corp (8.80%), Wells Fargo & Company MN (1.77%), Geode Capital Management LLC (1.45%), First Trust Advisors LP (1.33%) and Massachusetts Financial Services Co. MA (1.31%). 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 major investors are selling New Jersey Resources stock?

NJR stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Morgan Stanley, Morgan Stanley, Thrivent Financial for Lutherans, UBS Group AG, Principal Financial Group Inc., Retirement Systems of Alabama, and Nuveen Asset Management LLC. Company insiders that have sold New Jersey Resources company stock in the last year include Donald L Correll, Laurence M Downes, and Patrick J Migliaccio. View insider buying and selling activity for New Jersey Resources.

Which major investors are buying New Jersey Resources stock?

NJR stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Massachusetts Financial Services Co. MA, Russell Investments Group Ltd., BlackRock Inc., Wells Fargo & Company MN, Vident Investment Advisory LLC, Canada Pension Plan Investment Board, and First Trust Advisors LP. 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 $36.18.

How big of a company is New Jersey Resources?

New Jersey Resources has a market capitalization of $3.46 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 6/6/2020 by MarketBeat.com Staff

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