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NYSE:NJR

New Jersey Resources (NJR) Stock Forecast, Price & News

$44.91
-0.60 (-1.32%)
(As of 05/20/2022 04:00 PM ET)
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Compare
Today's Range
$44.05
$45.60
50-Day Range
$42.79
$47.17
52-Week Range
$34.41
$47.50
Volume
569,658 shs
Average Volume
561,198 shs
Market Capitalization
$4.32 billion
P/E Ratio
45.36
Dividend Yield
3.19%
Beta
0.56
30 days | 90 days | 365 days | Advanced Chart
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New Jersey Resources logo

About New Jersey Resources

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 Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 564,000 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar projects situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers 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 Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.

Headlines

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Industry, Sector and Symbol

Industry
Natural gas distribution
Sub-Industry
Gas Utilities
Sector
Utilities
CUSIP
64602510
Employees
1,251
Year Founded
N/A

Sales & Book Value

Annual Sales
$2.16 billion
Cash Flow
$3.26 per share
Book Value
$18.56 per share

Profitability

Net Income
$117.89 million
Pretax Margin
8.77%

Debt

Price-To-Earnings

Miscellaneous

Free Float
95,499,000
Market Cap
$4.32 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/1 Dividend
3/15/2022
Dividend Payable
4/01/2022
Last Earnings
5/05/2022
Today
5/20/2022
Ex-Dividend for 7/1 Dividend
6/14/2022
Dividend Payable
7/01/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
9/30/2022

MarketRank

Overall MarketRank

2.07 out of 5 stars

Utilities Sector

62nd out of 119 stocks

Natural Gas Distribution Industry

9th out of 12 stocks

Analyst Opinion: 0.8Community Rank: 4.0Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -













New Jersey Resources (NYSE:NJR) Frequently Asked Questions

Is New Jersey Resources a buy right now?

2 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 1 hold rating for the stock. The consensus among Wall Street 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.
View analyst ratings for New Jersey Resources
or view top-rated stocks.

Are investors shorting New Jersey Resources?

New Jersey Resources saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,480,000 shares, an increase of 30.5% from the April 15th total of 1,900,000 shares. Based on an average daily volume of 552,900 shares, the short-interest ratio is currently 4.5 days. Approximately 2.6% of the company's shares are short sold.
View New Jersey Resources' Short Interest
.

When is New Jersey Resources' next earnings date?

New Jersey Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for New Jersey Resources
.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Co. (NYSE:NJR) posted its earnings results on Thursday, May, 5th. The utilities provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.27 by $0.09. The utilities provider had revenue of $912.32 million for the quarter, compared to analysts' expectations of $877.88 million. New Jersey Resources had a net margin of 3.79% and a trailing twelve-month return on equity of 11.06%. New Jersey Resources's revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the company earned $1.77 earnings per share.
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 Wednesday, April 20th. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.363 per share on Friday, July 1st. This represents a $1.45 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Tuesday, June 14th.
View New Jersey Resources' dividend history
.

Is New Jersey Resources a good dividend stock?

New Jersey Resources pays an annual dividend of $1.45 per share and currently has a dividend yield of 3.19%. New Jersey Resources has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of New Jersey Resources is 146.47%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, New Jersey Resources will have a dividend payout ratio of 59.43% next year. This indicates that New Jersey Resources will be able to sustain or increase its dividend.
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 created shares were issued 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.

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

New Jersey Resources issued an update on its FY 2022 earnings guidance on Monday, May, 16th. The company provided earnings per share (EPS) guidance of $2.30-$2.40 for the period, compared to the consensus estimate of $2.27. The company issued revenue guidance of -.

What price target have analysts set for NJR?

2 Wall Street analysts have issued 1-year price objectives for New Jersey Resources' shares. Their forecasts range from $39.00 to $45.00. On average, they anticipate New Jersey Resources' stock price to reach $42.00 in the next twelve months. This suggests that the stock has a possible downside of 6.5%.
View analysts' price targets for New Jersey Resources
or view top-rated stocks among Wall Street analysts.

Who are New Jersey Resources' key executives?
New Jersey Resources' management team includes the following people:
  • Mr. Stephen D. Westhoven, Pres, CEO & Director (Age 54, Pay $2.18M)
  • Ms. Amanda E. Mullan, Sr. VP & Chief HR Officer (Age 56, Pay $627.05k)
  • Mr. Patrick J. Migliaccio, Sr. VP & COO of New Jersey Natural Gas (Age 48, Pay $849.6k) (LinkedIn Profile)
  • Ms. Amy Cradic, Sr. VP and COO of Non-Utility Bus.es, Strategy & External Affairs (Age 50, Pay $689.55k)
  • Mr. Roberto F. Bel, Sr. VP and CFO (Age 49)
  • Ms. Jacqueline K. Shea, VP & Chief Information Officer (Age 58)
  • Mr. Richard Reich, Sr. VP, Gen. Counsel & Corp. Sec. (Age 47)
  • Mr. Robert Pohlman, VP of Strategy, Communications, Gov. Relations & Policy
  • Mr. David Johnson, VP of Corp. Bus. Devel. (Age 53)
  • Mr. Glenn C. Lockwood, Exec. VP (Age 61)
What is Laurence M. Downes' approval rating as New Jersey Resources' CEO?

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.

Who are some of New Jersey Resources' key competitors?
What other stocks do shareholders of New Jersey Resources own?
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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.09%), Vanguard Group Inc. (11.19%), State Street Corp (8.45%), Wellington Management Group LLP (3.33%), Dimensional Fund Advisors LP (2.90%) and Bank of New York Mellon Corp (1.63%). Company insiders that own New Jersey Resources stock include James H Degraffenreidt Jr, M William Howard Jr, Patrick J Migliaccio and Timothy F Shea.
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 State Street Corp, First Trust Advisors LP, Lazard Asset Management LLC, UBS Group AG, Ontario Teachers Pension Plan Board, Goldman Sachs Group Inc., CWM LLC, and John G Ullman & Associates Inc.. Company insiders that have sold New Jersey Resources company stock in the last year include M William Howard Jr, Patrick J Migliaccio, and Timothy F Shea.
View insider buying and selling activity for New Jersey Resources
or view top insider-selling stocks.

Which institutional investors are buying New Jersey Resources stock?

NJR stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Invesco Ltd., Renaissance Technologies LLC, Ergoteles LLC, Vanguard Group Inc., Coann Capital LLC, Ancora Advisors LLC, and Dimensional Fund Advisors LP.
View insider buying and selling activity for New Jersey Resources
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is New Jersey Resources' stock price today?

One share of NJR stock can currently be purchased for approximately $44.91.

How much money does New Jersey Resources make?

New Jersey Resources has a market capitalization of $4.32 billion and generates $2.16 billion in revenue each year. The utilities provider earns $117.89 million in net income (profit) each year or $0.989990 on an earnings per share basis.

How many employees does New Jersey Resources have?

New Jersey Resources employs 1,251 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, via email at [email protected], or via fax at 732-938-3154.

This page was last updated on 5/20/2022 by MarketBeat.com Staff

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