NYSE:NJR New Jersey Resources (NJR) Stock Price, News & Analysis → get a piece of the profit from this land (From True Market Insiders) (Ad) Free NJR Stock Alerts $44.11 -0.37 (-0.83%) (As of 05/17/2024 ET) Add Compare Share Share Today's Range$44.04▼$44.4550-Day Range$41.26▼$44.8752-Week Range$38.92▼$50.72Volume365,947 shsAverage Volume474,316 shsMarket Capitalization$4.36 billionP/E Ratio17.43Dividend Yield3.81%Price Target$45.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get New Jersey Resources alerts: Email Address New Jersey Resources MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside2.0% Upside$45.00 Price TargetShort InterestHealthy2.16% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.96Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth-2.04%From $2.94 to $2.88 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.62 out of 5 starsUtilities Sector66th out of 90 stocksNatural Gas Distribution Industry8th out of 13 stocks 1.0 Analyst's Opinion Consensus RatingNew Jersey Resources has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageNew Jersey Resources has received no research coverage in the past 90 days.Read more about New Jersey Resources' stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.16% of the outstanding shares of New Jersey Resources have been sold short.Short Interest Ratio / Days to CoverNew Jersey Resources has a short interest ratio ("days to cover") of 4.3.Change versus previous monthShort interest in New Jersey Resources has recently decreased by 12.35%, indicating that investor sentiment is improving significantly. Previous Next 5.0 Dividend Strength Dividend LeadershipNew Jersey Resources is a leading dividend payer. It pays a dividend yield of 3.81%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthNew Jersey Resources has been increasing its dividend for 28 years.Dividend CoverageThe dividend payout ratio of New Jersey Resources is 66.40%. 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 58.33% next year. This indicates that New Jersey Resources will be able to sustain or increase its dividend.Read more about New Jersey Resources' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NJR. Previous Next 3.3 News and Social Media Coverage News SentimentNew Jersey Resources has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 6 news articles for New Jersey Resources this week, compared to 4 articles on an average week.Search InterestOnly 3 people have searched for NJR on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.MarketBeat Follows4 people have added New Jersey Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, New Jersey Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.75% of the stock of New Jersey Resources is held by insiders.Percentage Held by Institutions70.98% 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.Read more about New Jersey Resources' insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for New Jersey Resources are expected to decrease by -2.04% in the coming year, from $2.94 to $2.88 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Jersey Resources is 17.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.05.Price to Earnings Ratio vs. SectorThe P/E ratio of New Jersey Resources is 17.43, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 81.18.Price to Book Value per Share RatioNew Jersey Resources has a P/B Ratio of 2.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about New Jersey Resources' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad True Market Insidersget a piece of the profit from this land This isn’t the prettiest land on earth. But it might be the most valuable. And you don’t have to own, lease, or rent any land.Click here to see my #1 investment for 2024. About New Jersey Resources Stock (NYSE:NJR)New Jersey Resources Corporation, an energy services holding company, distributes natural gas. 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 natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, and Indiana. The Energy Services segment maintains and operates natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services in the United States and Canada. The Storage and Transportation segment invests in invests in energy-related ventures. It provides heating, ventilation, and cooling services; sales and installation of appliances; offers solar equipment installation, and plumbing repair and installation services; and holds commercial real estate properties. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.Read More NJR Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NJR Stock News HeadlinesMay 16 at 3:24 AM | americanbankingnews.comNew Jersey Resources (NYSE:NJR) Upgraded at StockNews.comMay 14, 2024 | finance.yahoo.comNew Jersey Natural Gas Announces Installation of State’s First CarbinX Carbon Capture UnitsMay 14, 2024 | businesswire.comNew Jersey Natural Gas Announces Installation of State's First CarbinX Carbon Capture UnitsMay 10, 2024 | finance.yahoo.comResults: New Jersey Resources Corporation Exceeded Expectations And The Consensus Has Updated Its EstimatesMay 10, 2024 | americanbankingnews.comNew Jersey Resources (NYSE:NJR) Rating Lowered to Sell at StockNews.comMay 8, 2024 | finance.yahoo.comNew Jersey Resources Corporation (NYSE:NJR) Q2 2024 Earnings Call TranscriptMay 8, 2024 | finance.yahoo.comQ2 2024 New Jersey Resources Corp Earnings CallMay 8, 2024 | finance.yahoo.comNew Jersey Resources Corp (NJR) (Q2 2024) Earnings Call Transcript Highlights: Strong ...May 7, 2024 | markets.businessinsider.comNew Jersey Resources Reaffirms FY24 NFE Outlook; Q2 Profit IncreasesMay 7, 2024 | finance.yahoo.comNew Jersey Resources Corp (NJR) Q2 Fiscal 2024 Earnings Analysis: Aligns with EPS Projections,May 7, 2024 | msn.comNJR Stock Earnings: New Jersey Resources Beats EPS, Misses Revenue for Q2 2024May 7, 2024 | finance.yahoo.comNew Jersey Resources Corp (NJR) Q2 Fiscal 2024 Earnings Analysis: Aligns with EPS Projections, ...May 7, 2024 | msn.comNew Jersey Resources Non-GAAP EPS of $1.41 beats by $0.08, revenue of $657.92M misses by $12.08MMay 7, 2024 | businesswire.comNew Jersey Resources Reports Fiscal 2024 Second-Quarter ResultsMay 7, 2024 | markets.businessinsider.comHere's what Wall Street expects from New Jersey Resources's earnings reportMay 3, 2024 | finance.yahoo.com4 Safe Bets Amid Growing Concerns Over Delay in Rate CutsMay 1, 2024 | msn.comThis Bergen County office received so many incorrect calls, they changed their nameMay 1, 2024 | msn.comBergen County renames two children's resource offices to prevent confusionMay 1, 2024 | msn.comNew Jersey school librarians want to partner with teachers to improve literacy ratesApril 28, 2024 | msn.comEarthquake rattles New JerseyApril 28, 2024 | nj.comLearning financial resiliency in post-pandemic New Jersey | OpinionApril 22, 2024 | finance.yahoo.comNew Jersey Resources Celebrates Earth Day With Pledge to Support Coastal Resilience and Healthy Ecosystems Through Monmouth University’s Urban Coast InstituteApril 22, 2024 | businesswire.comNew Jersey Resources Celebrates Earth Day With Pledge to Support Coastal Resilience and Healthy Ecosystems Through Monmouth University's Urban Coast InstituteApril 19, 2024 | businesswire.comNew Jersey Natural Gas to Reduce Fleet Emissions with Neste MY Renewable DieselApril 18, 2024 | businesswire.comNew Jersey Resources Board of Directors Declares Quarterly DividendSee More Headlines Receive NJR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for New Jersey Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/06/2024Today5/19/2024Ex-Dividend for 7/1 Dividend6/12/2024Ex-Dividend for 7/1 Dividend6/12/2024Dividend Payable7/01/2024Dividend Payable7/01/2024Next Earnings (Estimated)8/01/2024Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorUtilities Industry Natural gas distribution Sub-IndustryGas Utilities Current SymbolNYSE:NJR CUSIP64602510 CIK356309 Webwww.njresources.com Phone(732) 938-1000Fax732-938-3154Employees1,350Year FoundedN/APrice Target and Rating Average Stock Price Target$45.00 High Stock Price Target$47.00 Low Stock Price Target$42.00 Potential Upside/Downside+2.0%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.53 Trailing P/E Ratio17.43 Forward P/E Ratio15.00 P/E GrowthN/ANet Income$264.72 million Net Margins14.46% Pretax Margin16.69% Return on Equity12.16% Return on Assets3.81% Debt Debt-to-Equity Ratio1.25 Current Ratio0.70 Quick Ratio0.56 Sales & Book Value Annual Sales$1.72 billion Price / Sales2.53 Cash Flow$4.22 per share Price / Cash Flow10.46 Book Value$22.05 per share Price / Book2.00Miscellaneous Outstanding Shares98,822,000Free Float98,081,000Market Cap$4.36 billion OptionableOptionable Beta0.62 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Stephen D. Westhoven (Age 56)President, CEO & Director Comp: $2.4MMr. Roberto F. Bel (Age 51)Senior VP, CFO & Principal Financial Officer Comp: $736.39kMs. Lori DelGiudice (Age 49)Senior Vice President of Human Resources Comp: $577kMr. Patrick J. Migliaccio (Age 50)Senior VP & COO of New Jersey Natural Gas Comp: $915.35kMs. Amy Cradic (Age 52)Senior VP and COO of Non-Utility Businesses, Strategy & External Affairs Comp: $793.15kMr. Stephen M. Skrocki (Age 48)Principal Accounting Officer & Corporate Controller Ms. Jacqueline K. Shea (Age 60)Senior VP & Chief Information Officer Mr. Adam PriorDirector of Investor RelationsMr. Richard Reich (Age 50)Senior VP & General Counsel Comp: $640.22kMr. David Johnson (Age 55)Vice President of Corporate Business Development More ExecutivesKey CompetitorsNational Fuel GasNYSE:NFGNorthwest NaturalNYSE:NWNONE GasNYSE:OGSSpireNYSE:SREnel ChileNYSE:ENICView All CompetitorsInsiders & InstitutionsComerica BankSold 1,883 shares on 5/17/2024Ownership: 0.048%California State Teachers Retirement SystemSold 5,208 shares on 5/16/2024Ownership: 0.099%Energy Income Partners LLCBought 190,500 shares on 5/15/2024Ownership: 0.544%Price T Rowe Associates Inc. MDBought 6,039 shares on 5/15/2024Ownership: 0.061%Public Employees Retirement Association of ColoradoSold 1,109 shares on 5/15/2024Ownership: 0.012%View All Insider TransactionsView All Institutional Transactions NJR Stock Analysis - Frequently Asked Questions Should I buy or sell New Jersey Resources stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Jersey Resources in the last year. There are currently 3 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. View NJR analyst ratings or view top-rated stocks. What is New Jersey Resources' stock price target for 2024? 3 brokerages have issued 1 year target prices for New Jersey Resources' stock. Their NJR share price targets range from $42.00 to $47.00. On average, they expect the company's stock price to reach $45.00 in the next year. This suggests a possible upside of 2.0% from the stock's current price. View analysts price targets for NJR or view top-rated stocks among Wall Street analysts. How have NJR shares performed in 2024? New Jersey Resources' stock was trading at $44.58 at the beginning of the year. Since then, NJR shares have decreased by 1.1% and is now trading at $44.11. View the best growth stocks for 2024 here. When is New Jersey Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024. View our NJR earnings forecast. How were New Jersey Resources' earnings last quarter? New Jersey Resources Co. (NYSE:NJR) posted its quarterly earnings data on Tuesday, February, 6th. The utilities provider reported $0.74 EPS for the quarter, missing analysts' consensus estimates of $0.89 by $0.15. The utilities provider earned $467.20 million during the quarter, compared to analysts' expectations of $812.66 million. New Jersey Resources had a net margin of 14.46% and a trailing twelve-month return on equity of 12.16%. The business's revenue was down 35.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 earnings per share. 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 Thursday, April 18th. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.42 per share on Monday, July 1st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Wednesday, June 12th. Read our dividend analysis for NJR. Is New Jersey Resources a good dividend stock? New Jersey Resources (NYSE:NJR) pays an annual dividend of $1.68 per share and currently has a dividend yield of 3.81%. The company has been increasing its dividend for 28 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 66.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NJR will have a dividend payout ratio of 58.33% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for NJR. What ETFs hold New Jersey Resources' stock? ETFs with the largest weight of New Jersey Resources (NYSE:NJR) stock in their portfolio include SPDR S&P Kensho Clean Power ETF (CNRG), Invesco Dorsey Wright Utilities Momentum ETF (PUI), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Goldman Sachs North American Pipelines & Power Equity ETF (GPOW), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Tortoise North American Pipeline Fund (TPYP), Invesco S&P MidCap Low Volatility ETF (XMLV) and Virtus Real Asset Income ETF (VRAI). When did New Jersey Resources' stock split? New Jersey Resources's stock 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 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. What guidance has New Jersey Resources issued on next quarter's earnings? New Jersey Resources updated its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of 2.850-3.000 for the period, compared to the consensus estimate of 2.930. The company issued revenue guidance of -. What is Laurence M. Downes' approval rating as New Jersey Resources' CEO? 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. 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 (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). 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 Vanguard Group Inc. (11.94%), ProShare Advisors LLC (0.93%), Energy Income Partners LLC (0.54%), Confluence Investment Management LLC (0.46%), Principal Financial Group Inc. (0.38%) and Swiss National Bank (0.20%). Insiders that own company stock include James H Degraffenreidt Jr, M William Howard Jr, Patrick J Migliaccio, Stephen D Westhoven and Timothy F Shea. View institutional ownership trends. How do I buy shares of New Jersey Resources? Shares of NJR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:NJR) was last updated on 5/19/2024 by MarketBeat.com Staff From Our PartnersCEO of Biggest AI Chipmaker Just Dropped a Bombshell…Banyan Hill PublishingForget Bitcoin: This $8 Stock Is the Next Big ThingBehind the MarketsShocking $16T Elon Musk Crypto LeakCrypto 101 MediaDems have chosen Biden replacement?Paradigm PressExposed: 10 CENT Crypto to Explode May 20th?True Market InsidersPOTUS in ‘25 Not Biden/Trump, ButThe Freeport SocietyHe called Apple at $1.49 and now he says: “Buy these 6 AI stocks.”InvestorPlaceHow Biden has already won 2024Porter & Company Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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