S&P 500   4,455.48
DOW   34,798.00
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S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
pixel
pixel
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S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
pixel
pixel
pixel
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
pixel
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NYSE:NJR

New Jersey Resources Stock Forecast, Price & News

$34.68
-0.34 (-0.97 %)
(As of 09/24/2021 04:00 PM ET)
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Today's Range
$34.60
$35.25
50-Day Range
$34.68
$39.71
52-Week Range
$26.18
$44.41
Volume407,507 shs
Average Volume518,731 shs
Market Capitalization$3.34 billion
P/E Ratio20.64
Dividend Yield4.14%
Beta0.51
30 days | 90 days | 365 days | Advanced Chart
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New Jersey Resources logo

About New Jersey Resources

New Jersey Resources Corp. is a holding company. The firm provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. It operates through the following segments: New Jersey Natural Gas, NJR Clean Energy Ventures, NJR Energy Services, NJR Midstream, and NJR Home Services. The New Jersey Natural Gas segment provides regulated retail natural gas service to residential and commercial customers in central and northern New Jersey. The NJR Clean Energy Ventures segment invests in, owns and operates solar projects. The NJR Energy Services segment manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services in the U.S. and Canada. The NJR Midstream segment serves customers from local distributors and producers to electric generators and wholesale marketers. The NJR Home Services segment provides heating, ventilation and cooling service, sales and installation of appliances services to its customers, as well as solar installation projects, and is the primary contributor to home services. The company was founded in 1981 and is headquartered in Wall,

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

2.56 out of 5 stars

Utilities Sector

27th out of 122 stocks

Natural Gas Distribution Industry

8th out of 11 stocks

Analyst Opinion: 2.2Community Rank: 4.1Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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New Jersey Resources (NYSE:NJR) Frequently Asked Questions

Is New Jersey Resources a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Jersey Resources in the last year. There are currently 1 sell rating, 1 hold rating and 3 buy ratings 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.

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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but New Jersey Resources wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting New Jersey Resources?

New Jersey Resources saw a decrease in short interest during the month of August. As of August 13th, there was short interest totaling 1,630,000 shares, a decrease of 12.8% from the July 29th total of 1,870,000 shares. Based on an average trading volume of 450,300 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.7% of the shares of the company are sold short.
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 Monday, November 29th 2021.
View our earnings forecast for New Jersey Resources
.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Co. (NYSE:NJR) posted its quarterly earnings results on Thursday, August, 5th. The utilities provider reported ($0.15) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.07) by $0.08. The utilities provider earned $367.59 million during the quarter, compared to analyst estimates of $371.53 million. New Jersey Resources had a net margin of 8.02% and a trailing twelve-month return on equity of 14.52%. The business's revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) earnings per share.
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. Since then, NJR shares have increased by 4.5% and is now trading at $34.68.
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 Thursday, July 15th. Stockholders of record on Monday, September 20th will be paid a dividend of $0.3325 per share on Friday, October 1st. This represents a $1.33 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Friday, September 17th.
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 4.14%. NJR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 70.39%. 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 64.16% 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 issued 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 updated its FY 2021 earnings guidance on Thursday, September, 2nd. The company provided earnings per share guidance of $2.100-$2.200 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.120. The company issued revenue guidance of -.

What price target have analysts set for NJR?

5 brokerages have issued 12 month price targets for New Jersey Resources' stock. Their forecasts range from $39.00 to $45.00. On average, they anticipate New Jersey Resources' stock price to reach $42.75 in the next year. This suggests a possible upside of 23.3% from the stock's current price.
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:
  • Stephen D. Westhoven, President, Chief Executive Officer & Director
  • Patrick J. Migliaccio, Chief Financial Officer & Senior Vice President
  • Jacqueline K. Shea, Chief Information Officer & Vice President
  • Amanda E. Mullan, Chief Human Resources Officer & Senior VP
  • Amy Cradic, SVP & COO-Non-Utility Business & Strategy

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.80%), Vanguard Group Inc. (10.14%), State Street Corp (9.94%), Dimensional Fund Advisors LP (2.61%), Wells Fargo & Company MN (2.51%) and First Trust Advisors LP (2.37%). Company insiders that own New Jersey Resources stock include Donald L Correll, M William Howard Jr, Patrick J Migliaccio and Timothy F Shea.
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 BlackRock Inc., Millennium Management LLC, Massachusetts Financial Services Co. MA, Goldman Sachs Group Inc., California Public Employees Retirement System, ProShare Advisors LLC, BNP Paribas Arbitrage SA, and Thrivent Financial for Lutherans. 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 major investors are buying New Jersey Resources stock?

NJR stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, First Trust Advisors LP, Dimensional Fund Advisors LP, Vanguard Group Inc., Morgan Stanley, Morgan Stanley, Prudential Financial Inc., and JPMorgan Chase & Co..
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 $34.68.

How much money does New Jersey Resources make?

New Jersey Resources has a market capitalization of $3.34 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 1,156 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 9/25/2021 by MarketBeat.com Staff

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