New Jersey Resources Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Jersey Resources in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities 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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Wall Street analysts have given New Jersey Resources a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but New Jersey Resources wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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New Jersey Resources saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 2,260,000 shares, a decline of 24.9% from the March 15th total of 3,010,000 shares. Based on an average trading volume of 602,800 shares, the days-to-cover ratio is currently 3.7 days.
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New Jersey Resources is scheduled to release its next quarterly earnings announcement on Friday, May 14th 2021.
View our earnings forecast for New Jersey Resources.

New Jersey Resources Co. (NYSE:NJR) issued its quarterly earnings data on Wednesday, February, 3rd. The utilities provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by $0.03. The utilities provider had revenue of $454.31 million for the quarter, compared to the consensus estimate of $675.28 million. New Jersey Resources had a trailing twelve-month return on equity of 10.61% and a net margin of 9.93%. The firm's quarterly revenue was down 26.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS.
View New Jersey Resources' earnings history.

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 (WHO). Since then, NJR stock has increased by 26.9% and is now trading at $42.11.
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New Jersey Resources declared a quarterly dividend on Tuesday, January 19th. Shareholders of record on Wednesday, March 17th will be paid a dividend of $0.333 per share on Thursday, April 1st. This represents a $1.33 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Tuesday, March 16th.
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 3.21%. 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 64.25% 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 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.

New Jersey Resources updated its FY 2021 IntraDay earnings guidance on Monday, March, 15th. The company provided earnings per share (EPS) guidance of 1.85-1.95 for the period, compared to the Thomson Reuters consensus estimate of $1.71.

4 brokerages have issued 1 year target prices for New Jersey Resources' shares. Their forecasts range from $29.00 to $44.00. On average, they anticipate New Jersey Resources' stock price to reach $37.75 in the next year. This suggests that the stock has a possible downside of 10.4%.
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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 number of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.58%), Retirement Systems of Alabama (0.13%), Clear Harbor Asset Management LLC (0.12%), Cox Capital Mgt LLC (0.05%), Louisiana State Employees Retirement System (0.03%) and State of Alaska Department of Revenue (0.02%). Company insiders that own New Jersey Resources stock include David A Trice, 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 State of Alaska Department of Revenue, and Pacer Advisors Inc.. Company insiders that have sold New Jersey Resources company stock in the last year include M William Howard Jr, and Patrick J Migliaccio.
View insider buying and selling activity for New Jersey Resources or view top insider-selling stocks.

NJR stock was bought by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC, Clear Harbor Asset Management LLC, Cox Capital Mgt LLC, Louisiana State Employees Retirement System, and Retirement Systems of Alabama.
View insider buying and selling activity for New Jersey Resources or or view top insider-buying stocks.

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 $42.11.

New Jersey Resources has a market capitalization of $4.05 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 1,200 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]