NYSE:NJR

New Jersey Resources Stock Forecast, Price & News

$42.11
+0.43 (+1.03 %)
(As of 04/16/2021 04:00 PM ET)
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Today's Range
$41.75
Now: $42.11
$42.32
50-Day Range
$39.27
MA: $40.49
$42.42
52-Week Range
$25.87
Now: $42.11
$42.57
Volume271,552 shs
Average Volume596,187 shs
Market Capitalization$4.05 billion
P/E Ratio20.44
Dividend Yield3.21%
Beta0.46
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 retail natural gas services to approximately 558,000 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, owns, and operates commercial and residential solar projects located in New Jersey, Connecticut, and Rhode Island. 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 Storage and Transportation 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 incorporated in 1981 and is based in Monmouth, New Jersey.
New Jersey Resources logo

Industry, Sector and Symbol

Industry Natural gas distribution
Sub-IndustryGas Utilities
SectorUtilities
CUSIP64602510
Phone732-938-1000
Employees1,200
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.95 billion
Cash Flow$3.71 per share
Book Value$19.23 per share

Profitability

Net Income$193.92 million

Miscellaneous

Market Cap$4.05 billion
Next Earnings Date5/14/2021 (Estimated)
OptionableOptionable

Headlines

Analyzing New Jersey Resources's Ex-Dividend Date
March 15, 2021 |  finance.yahoo.com
Recap: New Jersey Resources Q1 Earnings
February 4, 2021 |  benzinga.com
New Jersey Resources (NJR) Q1 Earnings Beat Estimates
February 4, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

2.31 out of 5 stars

Utilities Sector

8th out of 280 stocks

Natural Gas Distribution Industry

4th out of 17 stocks

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$42.11
+0.43 (+1.03 %)
(As of 04/16/2021 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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New Jersey Resources (NYSE:NJR) Frequently Asked Questions

Is New Jersey Resources a buy right now?

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

What stocks does MarketBeat like better than New Jersey Resources?

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.
View MarketBeat's top stock picks here.

Are investors shorting New Jersey Resources?

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.
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 Friday, May 14th 2021.
View our earnings forecast for New Jersey Resources
.

How were New Jersey Resources' earnings last quarter?

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
.

How has New Jersey Resources' stock price been impacted by COVID-19?

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.
View which stocks have been most impacted by COVID-19
.

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 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
.

Is New Jersey Resources a good dividend stock?

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.

When did New Jersey Resources' stock split? How did New Jersey Resources' stock split work?

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.

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

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.

What price target have analysts set for NJR?

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%.
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 53, Pay $1.71M)
  • Mr. Patrick J. Migliaccio, Sr. VP & CFO (Age 47, Pay $711.96k)
  • Ms. Nancy A. Washington, Sr. VP & Gen. Counsel (Age 57, Pay $593.9k)
  • Ms. Amanda E. Mullan, Sr. VP & Chief HR Officer (Age 55, Pay $544.17k)
  • Ms. Amy Cradic, Sr. VP and COO of Non-Utility Bus.es, Strategy & External Affairs (Age 50, Pay $543.73k)
  • Ms. Jacqueline K. Shea, VP & Chief Information Officer (Age 57)
  • Mr. Roberto F. Bel, VP of Treasury & Investor Relations (Age 48)
  • Mr. David Johnson, VP of Corp. Bus. Devel. (Age 52)
  • Mr. Glenn C. Lockwood, Exec. VP (Age 60)
  • Mr. Richard Reich, Corp. Sec. & Assistant Gen. Counsel (Age 47)

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 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
.

Which major investors are selling New Jersey Resources stock?

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.

Which major investors are buying New Jersey Resources stock?

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.

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 $42.11.

How much money does New Jersey Resources make?

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.

How many employees does New Jersey Resources have?

New Jersey Resources employs 1,200 workers across the globe.

What is New Jersey Resources' official website?

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

Where are New Jersey Resources' headquarters?

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

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]


This page was last updated on 4/18/2021 by MarketBeat.com Staff
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