New Jersey Resources (NJR) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $47.27 to $48.11
• 50-Day Range: $45.17 to $48.02
• 52-Week Range: $39.44 to $48.68
• Volume: 394,552 shs
• Average Volume: 455,121 shs
• Market Capitalization: $4.76 billion
• P/E Ratio: 20.09
• Dividend Yield: 3.75%
• Price Target: $49.00
• Consensus Rating: Moderate Buy

New Jersey Resources Stock Analysis - MarketRank™

New Jersey Resources scored higher than 52% of companies evaluated by MarketBeat, and ranked 72nd out of 93 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

New Jersey Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

New Jersey Resources has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -2.03%

Earnings Growth

Earnings for New Jersey Resources are expected to decrease by -2.03% in the coming year, from $2.95 to $2.89 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of New Jersey Resources is 20.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.54.

Price to Earnings Ratio vs. Sector

The P/E ratio of New Jersey Resources is 20.09, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 98.76.

Price to Book Value per Share Ratio

New Jersey Resources has a P/B Ratio of 2.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.61% of the outstanding shares of New Jersey Resources have been sold short.

Short Interest Ratio / Days to Cover

New Jersey Resources has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in New Jersey Resources has recently increased by 0.63%, indicating that investor sentiment is decreasing.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Leadership

New Jersey Resources is a leading dividend payer. It pays a dividend yield of 3.75%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

New Jersey Resources has been increasing its dividend for 29 years.

Dividend Coverage

The dividend payout ratio of New Jersey Resources is 75.31%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, New Jersey Resources will have a dividend payout ratio of 62.28% next year. This indicates that New Jersey Resources will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.61% of the outstanding shares of New Jersey Resources have been sold short.

Short Interest Ratio / Days to Cover

New Jersey Resources has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in New Jersey Resources has recently increased by 0.63%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.44

News Sentiment

New Jersey Resources has a news sentiment score of 1.44. 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 0.56 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for New Jersey Resources this week, compared to 4 articles on an average week.

Search Interest

3 people have searched for NJR on MarketBeat in the last 30 days.

MarketBeat Follows

Only 1 people have added New Jersey Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, New Jersey Resources insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.75% of the stock of New Jersey Resources is held by insiders.

Percentage Held by Institutions

70.98% 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.

NJR Stock Analysis - Frequently Asked Questions

How have NJR shares performed this year?

New Jersey Resources' stock was trading at $44.58 at the start of the year. Since then, NJR shares have increased by 7.7% and is now trading at $48.01.
View the best growth stocks for 2024 here.

How were New Jersey Resources' earnings last quarter?

New Jersey Resources Co. (NYSE:NJR) announced its quarterly earnings results on Tuesday, August, 6th. The utilities provider reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by $0.07. The business's quarterly revenue was up 4.4% on a year-over-year basis.

When did New Jersey Resources' stock split?

New Jersey Resources's stock split on the morning of Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly created shares were payable to shareholders after the closing bell on Tuesday, March 3rd 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Who are New Jersey Resources' major shareholders?

Top institutional shareholders of New Jersey Resources include State Street Corp (5.09%), Geode Capital Management LLC (2.39%), Charles Schwab Investment Management Inc. (1.24%) and FMR LLC (0.82%). Insiders that own company stock include Stephen D Westhoven, Patrick J Migliaccio, Jane M Kenny and James H Degraffenreidt Jr.
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.

What other stocks do shareholders of New Jersey Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that New Jersey Resources investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 10/1 Dividend: 9/23/2024
• Dividend Payable: 10/01/2024
• Today: 11/17/2024
• Next Earnings (Confirmed): 11/25/2024
• Ex-Dividend for 1/2 Dividend: 12/11/2024
• Dividend Payable: 1/02/2025
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Natural gas distribution
• Sub-Industry: Gas Utilities
• Current Symbol: NYSE:NJR
• CUSIP: 64602510
• CIK: 356309
• Web: www.njresources.com
• Phone: (732) 938-1000
• Fax: 732-938-3154
• Employees: 1,350
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $49.00
• High Stock Price Target: $51.00
• Low Stock Price Target: $47.00
• Potential Upside/Downside: +2.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.39
• Trailing P/E Ratio: 20.09
• Forward P/E Ratio: 16.27
• P/E Growth: N/A
• Net Income: $264.72 million
• Net Margins: 13.61%
• Pretax Margin: 16.81%
• Return on Equity: 11.06%
• Return on Assets: 3.47%

Debt

• Debt-to-Equity Ratio: 1.30
• Current Ratio: 0.60
• Quick Ratio: 0.41

Sales & Book Value

• Annual Sales: $1.96 billion
• Price / Sales: 2.43
• Cash Flow: $4.25 per share
• Price / Cash Flow: 11.29
• Book Value: $20.41 per share
• Price / Book: 2.35

Miscellaneous

• Outstanding Shares: 99,170,000
• Free Float: 98,424,000
• Market Cap: $4.76 billion
• Optionable: Optionable
• Beta: 0.59