NYSE:NJRNew Jersey Resources Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding New Jersey Resources Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $34.99 -0.25 (-0.71 %) (As of 05/29/2020 04:00 PM ET) Add Compare Share Today's Range$34.75Now: $34.99▼$36.1250-Day Range$30.07MA: $33.47▼$35.7652-Week Range$21.14Now: $34.99▼$51.20Volume507,400 shsAverage Volume695,779 shsMarket Capitalization$3.35 billionP/E Ratio17.50Dividend Yield3.57%Beta0.41 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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 Midstream segments. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 538,700 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 commercial and residential solar projects located in New Jersey; and onshore wind projects. 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 Midstream 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 founded in 1922 and is based in Wall, New Jersey.Read More Beat the Market (BTM) Rank™ 0.8 Analyst's Opinion Consensus RatingNew Jersey Resources has received a consensus rating of Hold. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $38.00, New Jersey Resources has a potential upside of 8.6% from its current price of $34.99.Amount of Analyst CoverageNew Jersey Resources has only been the subject of 3 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesNew Jersey Resources has received 305 “outperform” votes. (Add your “outperform” vote.)Underperform VotesNew Jersey Resources has received 358 “underperform” votes. (Add your “underperform” vote.)Community SentimentNew Jersey Resources has received 54.00% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about New Jersey Resources and other stocks. Vote “Outperform” if you believe NJR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe NJR will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 5.0 Dividend Strength Dividend LeadershipNew Jersey Resources is a leading dividend payer. It pays a dividend yield of 3.57%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthNew Jersey Resources has been increasing its dividend for 24 years.Dividend CoverageThe dividend payout ratio of New Jersey Resources is 64.10 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, New Jersey Resources will have a dividend payout ratio of 53.88 % next year. This indicates that New Jersey Resources will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, New Jersey Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $267,600.00 in company stock.Percentage Held by InsidersOnly 1.30% of the stock of New Jersey Resources is held by insiders.Percentage Held by Institutions70.34% of the stock of New Jersey Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for New Jersey Resources are expected to grow by 10.48% in the coming year, from $2.10 to $2.32 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Jersey Resources is 17.50, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.35.Price to Earnings Ratio vs. SectorThe P/E ratio of New Jersey Resources is 17.50, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 28.43.Price to Earnings Growth RatioNew Jersey Resources has a PEG Ratio of 2.80. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioNew Jersey Resources has a P/B Ratio of 1.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.8Community Rank: 2.3Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.08 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Natural gas distribution Sub-IndustryGas Utilities SectorUtilities Current SymbolNYSE:NJR Previous Symbol CUSIP64602510 CIK356309 Webwww.njresources.com Phone732-938-1000Debt Debt-to-Equity Ratio0.83 Current Ratio0.61 Quick Ratio0.49Price-To-Earnings Trailing P/E Ratio17.50 Forward P/E Ratio16.66 P/E Growth2.8 Sales & Book Value Annual Sales$2.59 billion Price / Sales1.29 Cash Flow$2.94 per share Price / Cash Flow11.89 Book Value$19.73 per share Price / Book1.77Profitability EPS (Most Recent Fiscal Year)$1.95 Net Income$169.51 million Net Margins8.65% Return on Equity9.11% Return on Assets3.32%Miscellaneous Employees1,108 Outstanding Shares95,752,000Market Cap$3.35 billion Next Earnings Date8/4/2020 (Estimated) OptionableOptionable NJR Rates by TradingView Receive NJR News and Ratings via Email Sign-up to receive the latest news and ratings for NJR and its competitors with MarketBeat's FREE daily newsletter. New Jersey Resources (NYSE:NJR) Frequently Asked Questions How has New Jersey Resources' stock been impacted by COVID-19 (Coronavirus)? 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 shares have increased by 5.5% and is now trading at $34.99. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of New Jersey Resources? 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, resulting in a consensus recommendation of "Hold." View analyst ratings for New Jersey Resources. When is New Jersey Resources' next earnings date? New Jersey Resources is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for New Jersey Resources. How were New Jersey Resources' earnings last quarter? New Jersey Resources Corp (NYSE:NJR) announced its quarterly earnings data on Friday, May, 8th. The utilities provider reported $1.12 EPS for the quarter, missing the consensus estimate of $1.43 by $0.31. The utilities provider earned $639.60 million during the quarter, compared to analyst estimates of $881.60 million. New Jersey Resources had a net margin of 8.65% and a return on equity of 9.11%. The business's quarterly revenue was down 26.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.27 EPS. 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 announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.313 per share on Wednesday, July 1st. This represents a $1.25 annualized dividend and a yield of 3.58%. The ex-dividend date is Monday, June 15th. View New Jersey Resources' dividend history. When did New Jersey Resources' stock split? How did New Jersey Resources' stock split work? New Jersey Resources shares split on Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly minted 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 issued an update on its FY20 earnings guidance on Friday, May, 8th. The company provided EPS guidance of $2.05 to $2.15 for the period, compared to the Thomson Reuters consensus estimate of $2.10. What price target have analysts set for NJR? 3 analysts have issued 1-year price targets for New Jersey Resources' stock. Their forecasts range from $38.00 to $38.00. On average, they anticipate New Jersey Resources' stock price to reach $38.00 in the next year. This suggests a possible upside of 8.6% from the stock's current price. View analysts' price targets for New Jersey Resources. Has New Jersey Resources been receiving favorable news coverage? Headlines about NJR stock have trended negative recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. New Jersey Resources earned a media sentiment score of -2.0 on InfoTrie's scale. They also gave press coverage about the utilities provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutNew Jersey Resources. Who are some of New Jersey Resources' key competitors? Some companies that are related to New Jersey Resources include ONEOK (OKE), Atmos Energy (ATO), UGI (UGI), Southwest Gas (SWX), National Fuel Gas (NFG), South Jersey Industries (SJI), Northwest Natural (NWN) and Chesapeake Utilities (CPK). View all competitors. What other stocks do shareholders of New Jersey Resources own? Based on aggregate information from My MarketBeat watchlists, some companies that other New Jersey Resources investors own include Energy Transfer LP Unit (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), SunCoke Energy Partners (SXCP) and Centurylink (CTL). Who are New Jersey Resources' key executives? New Jersey Resources' management team includes the following people: Mr. Laurence M. Downes, Chairman & CEO (Age 62)Mr. Stephen D. Westhoven, Pres, COO & Director (Age 51)Mr. Patrick J. Migliaccio, Sr. VP & CFO (Age 45)Ms. Nancy A. Washington, Sr. VP & Gen. Counsel (Age 55)Ms. Amanda E. Mullan, Sr. VP & Chief HR Officer (Age 53) 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 shareholders include BlackRock Inc. (14.84%), State Street Corp (8.80%), Wells Fargo & Company MN (1.77%), Geode Capital Management LLC (1.45%), First Trust Advisors LP (1.33%) and Massachusetts Financial Services Co. MA (1.31%). Company insiders that own New Jersey Resources stock include David A Trice, Donald L Correll, Jane M Kenny, Laurence M Downes, M William Howard Jr, M William Howard, Jr and Patrick J Migliaccio. 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 Wellington Management Group LLP, Morgan Stanley, Morgan Stanley, Thrivent Financial for Lutherans, UBS Group AG, Principal Financial Group Inc., Retirement Systems of Alabama, and Nuveen Asset Management LLC. Company insiders that have sold New Jersey Resources company stock in the last year include Donald L Correll, Laurence M Downes, and Patrick J Migliaccio. View insider buying and selling activity for New Jersey Resources. Which institutional 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, Massachusetts Financial Services Co. MA, Russell Investments Group Ltd., BlackRock Inc., Wells Fargo & Company MN, Vident Investment Advisory LLC, Canada Pension Plan Investment Board, and First Trust Advisors LP. View insider buying and selling activity for New Jersey Resources. 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is New Jersey Resources' stock price today? One share of NJR stock can currently be purchased for approximately $34.99. How big of a company is New Jersey Resources? New Jersey Resources has a market capitalization of $3.35 billion and generates $2.59 billion in revenue each year. The utilities provider earns $169.51 million in net income (profit) each year or $1.95 on an earnings per share basis. New Jersey Resources employs 1,108 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 or via email at [email protected] This page was last updated on 5/30/2020 by MarketBeat.com Staff
