New Jersey Resources Stock Forecast, Price & News

1 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 hold rating 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.
View analyst ratings for New Jersey Resources or view top-rated stocks.

1 equities research analysts have issued twelve-month price targets for New Jersey Resources' shares. Their NJR stock forecasts range from $45.00 to $45.00. On average, they predict New Jersey Resources' share price to reach $45.00 in the next year. This suggests that the stock has a possible downside of 1.1%.
View analysts' price targets for New Jersey Resources or view top-rated stocks among Wall Street analysts.

New Jersey Resources' stock was trading at $41.06 at the beginning of 2022. Since then, NJR stock has increased by 10.8% and is now trading at $45.49.
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New Jersey Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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New Jersey Resources Co. (NYSE:NJR) released its earnings results on Thursday, May, 5th. The utilities provider reported $1.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.09. The utilities provider earned $912.32 million during the quarter, compared to the consensus estimate of $877.88 million. New Jersey Resources had a trailing twelve-month return on equity of 11.06% and a net margin of 3.79%. The company's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.77 earnings per share.
View New Jersey Resources' earnings history.

New Jersey Resources declared a quarterly dividend on Wednesday, April 20th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.363 per share on Friday, July 1st. This represents a $1.45 annualized dividend and a yield of 3.19%. The ex-dividend date is Tuesday, June 14th.
View New Jersey Resources' dividend history.

New Jersey Resources(NYSE:NJR) pays an annual dividend of $1.45 per share and currently has a dividend yield of 3.26%. 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.

New Jersey Resources shares split 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 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 issued an update on its FY 2022 earnings guidance on Monday, May, 23rd. 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 -.

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).
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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."

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 $45.49.

New Jersey Resources (NYSE:NJR) has a market capitalization of $4.37 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.

New Jersey Resources employs 1,251 workers across the globe.

New Jersey Resources' mailing address is 1415 Wyckoff Road, WALL TOWNSHIP NJ, 07719. The official website for New Jersey Resources is www.njresources.com. The utilities provider can be reached via phone at (732) 938-1000, via email at dpuma@njresources.com, or via fax at 732-938-3154.