New Jersey Resources Stock Forecast, Price & News

5 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, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" New Jersey Resources stock. 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.
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New Jersey Resources saw a decline in short interest during the month of May. As of May 28th, there was short interest totaling 1,860,000 shares, a decline of 23.1% from the May 13th total of 2,420,000 shares. Based on an average trading volume of 477,600 shares, the days-to-cover ratio is presently 3.9 days. Approximately 2.0% of the company's shares are sold short.
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New Jersey Resources is scheduled to release its next quarterly earnings announcement on Friday, August 6th 2021.
View our earnings forecast for New Jersey Resources.

New Jersey Resources Co. (NYSE:NJR) posted its quarterly earnings results on Thursday, May, 6th. The utilities provider reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.61. The utilities provider had revenue of $802.19 million for the quarter, compared to analyst estimates of $761.34 million. New Jersey Resources had a trailing twelve-month return on equity of 14.67% and a net margin of 12.63%. New Jersey Resources's revenue was up 25.4% compared to the same quarter last year. During the same period last year, the business posted $0.88 earnings per share.
View New Jersey Resources' earnings history.

New Jersey Resources' stock was trading at $33.18 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NJR stock has increased by 28.6% and is now trading at $42.68.
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New Jersey Resources announced a quarterly dividend on Tuesday, April 20th. Investors of record on Wednesday, June 16th will be given a dividend of $0.333 per share on Thursday, July 1st. This represents a $1.33 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Tuesday, June 15th.
View New Jersey Resources' dividend history.

New Jersey Resources pays an annual dividend of $1.33 per share and currently has a dividend yield of 3.10%. New Jersey Resources has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of New Jersey Resources is 64.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, New Jersey Resources will have a dividend payout ratio of 59.11% next year. This indicates that New Jersey Resources will be able to sustain or increase its dividend.
View New Jersey Resources' dividend history.

Shares of New Jersey Resources split on Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly issued 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.

New Jersey Resources updated its FY 2021 earnings guidance on Thursday, May, 27th. The company provided earnings per share (EPS) guidance of 2.050-2.150 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.910. The company issued revenue guidance of -.

5 Wall Street analysts have issued 1-year target prices for New Jersey Resources' shares. Their forecasts range from $29.00 to $45.00. On average, they anticipate New Jersey Resources' share price to reach $40.25 in the next twelve months. This suggests that the stock has a possible downside of 5.7%.
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10 employees have rated New Jersey Resources CEO Laurence M. Downes on Glassdoor.com. Laurence M. Downes has an approval rating of 100% among New Jersey Resources' employees. This puts Laurence M. Downes in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to New Jersey Resources include ONEOK (OKE), Atmos Energy (ATO), UGI (UGI), National Fuel Gas (NFG), Southwest Gas (SWX), South Jersey Industries (SJI), Chesapeake Utilities (CPK) and Northwest Natural (NWN).
View all of NJR's competitors.

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).

New Jersey Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "NJR."

New Jersey Resources' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.13%), Dimensional Fund Advisors LP (2.31%), Geode Capital Management LLC (1.64%), Northern Trust Corp (1.61%), Massachusetts Financial Services Co. MA (1.47%) and Bank of New York Mellon Corp (1.35%). Company insiders that own New Jersey Resources stock include Donald L Correll, Laurence M Downes, M William Howard Jr and Patrick J Migliaccio.
View institutional ownership trends for New Jersey Resources.

NJR stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Reaves W H & Co. Inc., Northern Trust Corp, Millennium Management LLC, Boston Trust Walden Corp, Russell Investments Group Ltd., Duff & Phelps Investment Management Co., and JPMorgan Chase & Co.. Company insiders that have sold New Jersey Resources company stock in the last year include M William Howard Jr, and Patrick J Migliaccio.
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NJR stock was acquired by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Dimensional Fund Advisors LP, Bragg Financial Advisors Inc, Goldman Sachs Group Inc., HRT Financial LP, Geode Capital Management LLC, Cubist Systematic Strategies LLC, and PDT Partners LLC.
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Shares of NJR 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.
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One share of NJR stock can currently be purchased for approximately $42.68.

New Jersey Resources has a market capitalization of $4.11 billion and generates $1.95 billion in revenue each year. The utilities provider earns $193.92 million in net income (profit) each year or $2.06 on an earnings per share basis.

New Jersey Resources employs 1,156 workers across the globe.

The official website for New Jersey Resources is www.njresources.com.

New Jersey Resources is headquartered at 1415 Wyckoff Road, WALL TOWNSHIP NJ, 07719.

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]