New Jersey Resources - NJR Stock Forecast, Price & News

3 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 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NJR shares. 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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3 analysts have issued twelve-month price objectives for New Jersey Resources' stock. Their NJR share price forecasts range from $45.00 to $47.00. On average, they expect the company's share price to reach $46.00 in the next year. This suggests a possible upside of 14.5% from the stock's current price.
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New Jersey Resources' stock was trading at $41.06 at the beginning of 2022. Since then, NJR stock has decreased by 2.1% and is now trading at $40.19.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
View our NJR earnings forecast.

New Jersey Resources Co. (NYSE:NJR) issued its quarterly earnings data on Thursday, August, 4th. The utilities provider reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by $0.10. The utilities provider had revenue of $552.34 million for the quarter, compared to analyst estimates of $418.65 million. New Jersey Resources had a net margin of 8.20% and a trailing twelve-month return on equity of 11.54%. The firm's quarterly revenue was up 50.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.15) earnings per share.

New Jersey Resources declared a quarterly dividend on Thursday, July 14th. Stockholders of record on Monday, September 26th will be given a dividend of $0.3625 per share on Monday, October 3rd. This represents a $1.45 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Friday, September 23rd.
Read our dividend analysis for NJR.

New Jersey Resources (NYSE:NJR) pays an annual dividend of $1.56 per share and currently has a dividend yield of 4.03%. NJR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 26 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 68.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NJR will have a dividend payout ratio of 63.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NJR.

New Jersey Resources shares 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 distributed to shareholders after the market closes on Tuesday, March 3rd 2015. An investor that had 100 shares of 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 Thursday, August, 11th. The company provided EPS guidance of $2.40-$2.50 for the period, compared to the consensus EPS estimate of $2.35. The company issued revenue guidance of -.

10 employees have rated New Jersey Resources Chief Executive Officer Laurence M. Downes on Glassdoor.com. Laurence M. Downes has an approval rating of 100% among the company's employees. This puts Laurence M. Downes in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.45%). Insiders that own company stock include Donald L Correll, James H Degraffenreidt Jr, M William Howard Jr, Patrick J Migliaccio, Patrick J Migliaccio and Timothy F Shea.
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Shares of NJR stock 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 $40.19.

New Jersey Resources (NYSE:NJR) has a market capitalization of $3.87 billion and generates $2.16 billion in revenue each year. The utilities provider earns $117.89 million in net income (profit) each year or $2.29 on an earnings per share basis.

The company employs 1,251 workers across the globe.

New Jersey Resources' mailing address is 1415 Wyckoff Road, WALL TOWNSHIP NJ, 07719. The official website for the company 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.