NYSE:NJR - New Jersey Resources Stock Price, News, & Analysis

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$46.90 +0.60 (+1.30 %)
(As of 01/21/2019 04:00 PM ET)
Previous Close$46.30
Today's Range$46.2513 - $47.10
52-Week Range$35.55 - $51.83
Volume572,522 shs
Average Volume453,565 shs
Market Capitalization$4.15 billion
P/E Ratio17.12
Dividend Yield2.49%
Beta0.31
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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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$2.92 billion
Cash Flow$3.6958 per share
Book Value$16.07 per share

Profitability

Net Income$233.43 million

Miscellaneous

Employees1,068
Market Cap$4.15 billion
OptionableOptionable

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 announced a quarterly dividend on Tuesday, November 13th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.2925 per share on Wednesday, January 2nd. This represents a $1.17 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, December 13th. This is an increase from New Jersey Resources's previous quarterly dividend of $0.27. 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 issued shares were distributed 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.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Corp (NYSE:NJR) released its quarterly earnings results on Tuesday, November, 20th. The utilities provider reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.11. The utilities provider earned $647.30 million during the quarter, compared to the consensus estimate of $549.59 million. New Jersey Resources had a net margin of 8.01% and a return on equity of 16.92%. The business's revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the firm earned ($0.14) EPS. View New Jersey Resources' Earnings History.

When is New Jersey Resources' next earnings date?

New Jersey Resources is scheduled to release their next quarterly earnings announcement on Wednesday, February 6th 2019. View Earnings Estimates for New Jersey Resources.

How can I listen to New Jersey Resources' earnings call?

New Jersey Resources will be holding an earnings conference call on Wednesday, February 6th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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

New Jersey Resources issued an update on its FY 2019 earnings guidance on Tuesday, November, 20th. The company provided earnings per share guidance of $1.95-2.05 for the period, compared to the Thomson Reuters consensus estimate of $2.64.

What price target have analysts set for NJR?

4 brokerages have issued 1-year price objectives for New Jersey Resources' shares. Their predictions range from $42.00 to $49.00. On average, they expect New Jersey Resources' stock price to reach $46.00 in the next year. This suggests that the stock has a possible downside of 1.9%. View Analyst Price Targets for New Jersey Resources.

What is the consensus analysts' recommendation for 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 2 sell ratings, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for New Jersey Resources.

Has New Jersey Resources been receiving favorable news coverage?

Headlines about NJR stock have trended very positive this week, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. New Jersey Resources earned a daily sentiment score of 3.2 on InfoTrie's scale. They also assigned news articles about the utilities provider a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

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 & CEO (Age 61)
  • Mr. Stephen D. Westhoven, Pres, COO & Director (Age 50)
  • Mr. Patrick J. Migliaccio, Sr. VP & CFO (Age 44)
  • Ms. Nancy A. Washington, Sr. VP & Gen. Counsel (Age 54)
  • Ms. Amanda E. Mullan, Sr. VP & Chief HR Officer (Age 52)

Who are New Jersey Resources' major shareholders?

New Jersey Resources' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BTIM Corp. (0.52%), Confluence Investment Management LLC (0.49%), Retirement Systems of Alabama (0.38%), Hennessy Advisors Inc. (0.31%), Nisa Investment Advisors LLC (0.08%) and Personal Capital Advisors Corp (0.08%). Company insiders that own New Jersey Resources stock include Amanda Mullan, Jane M Kenny, Lawrence R Codey, 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 BTIM Corp., Hennessy Advisors Inc., Meeder Asset Management Inc., American Investment Services Inc., Fox Run Management L.L.C., Nisa Investment Advisors LLC, Louisiana State Employees Retirement System and Navellier & Associates Inc. Company insiders that have sold New Jersey Resources company stock in the last year include M William Howard Jr, M William Howard, Jr 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 acquired by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC, Nachman Norwood & Parrott Inc, Virtu Financial LLC, Sheets Smith Wealth Management, Personal Capital Advisors Corp, Steward Partners Investment Advisory LLC and Retirement Systems of Alabama. 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 $46.90.

How big of a company is New Jersey Resources?

New Jersey Resources has a market capitalization of $4.15 billion and generates $2.92 billion in revenue each year. The utilities provider earns $233.43 million in net income (profit) each year or $2.74 on an earnings per share basis. New Jersey Resources employs 1,068 workers across the globe.

What is New Jersey Resources' official website?

The official website for New Jersey Resources is http://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]


MarketBeat Community Rating for New Jersey Resources (NYSE NJR)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  226 (Vote Outperform)
Underperform Votes:  270 (Vote Underperform)
Total Votes:  496
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.
This page was last updated on 1/21/2019 by MarketBeat.com Staff

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