NYSE:NJR New Jersey Resources (NJR) Stock Price, News & Analysis $46.03 -0.37 (-0.80%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$46.02▼$46.6850-Day Range$42.04▼$47.0152-Week Range$38.92▼$47.37Volume364,276 shsAverage Volume500,508 shsMarket Capitalization$4.55 billionP/E Ratio18.19Dividend Yield3.65%Price Target$45.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get New Jersey Resources alerts: Email Address New Jersey Resources MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside1.5% Downside$45.33 Price TargetShort InterestBearish2.07% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.96Based on 5 Articles This WeekInsider TradingSelling Shares$1.35 M Sold Last QuarterProj. Earnings Growth-2.03%From $2.95 to $2.89 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.2.49 out of 5 starsUtilities Sector64th out of 93 stocksNatural Gas Distribution Industry8th out of 12 stocks 1.3 Analyst's Opinion Consensus RatingNew Jersey Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageNew Jersey Resources has only been the subject of 2 research reports in the past 90 days.Read more about New Jersey Resources' stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.07% 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.Change versus previous monthShort interest in New Jersey Resources has recently increased by 1.49%, indicating that investor sentiment is decreasing. Previous Next 5.0 Dividend Strength Dividend LeadershipNew Jersey Resources is a leading dividend payer. It pays a dividend yield of 3.63%, 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 58.13% 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 5 news articles for New Jersey Resources this week, compared to 3 articles on an average week.Search InterestOnly 4 people have searched for NJR on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.MarketBeat Follows3 people have added New Jersey Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 2.5 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 $1,351,596.00 in 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 -2.03% in the coming year, from $2.95 to $2.89 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Jersey Resources is 18.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.02.Price to Earnings Ratio vs. SectorThe P/E ratio of New Jersey Resources is 18.19, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 89.11.Price to Book Value per Share RatioNew Jersey Resources has a P/B Ratio of 2.13. 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 Behind the Markets⭕ [URGENT] Buy Alert just triggeredMy absolute favorite stock just hit a critical "buy now" trigger price.Click here for the ticker >>> 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 HeadlinesSeptember 7 at 3:26 AM | americanbankingnews.comNew Jersey Resources (NYSE:NJR) Rating Lowered to Sell at StockNews.comAugust 25, 2024 | finance.yahoo.comInvesting in New Jersey Resources (NYSE:NJR) three years ago would have delivered you a 38% gainSeptember 7, 2024 | Behind the Markets (Ad)⭕ [URGENT] Buy Alert just triggeredMy absolute favorite stock just hit a critical "buy now" trigger price.August 24, 2024 | uk.finance.yahoo.comNew Jersey Resources Corp (NJ1.DU)August 23, 2024 | morningstar.comNew Jersey Rate Review Key for Investors to WatchAugust 22, 2024 | gurufocus.comInsider Sale at New Jersey Resources Corp (NJR): Senior VP and COO Patrick Migliaccio Sells ...August 7, 2024 | msn.comNew Jersey Resources Corporation (NYSE:NJR) Q3 2024 Earnings Call TranscriptAugust 7, 2024 | gurufocus.comNew Jersey Resources Corp (NJR) Q3 2024 Earnings Call Transcript Highlights: Solid Revenue ...September 7, 2024 | Behind the Markets (Ad)⭕ [URGENT] Buy Alert just triggeredMy absolute favorite stock just hit a critical "buy now" trigger price.August 6, 2024 | markets.businessinsider.comNew Jersey Resources Turns To Q3 Loss, But Revenue ImprovesAugust 6, 2024 | investorplace.comNJR Stock Earnings: New Jersey Resources Misses EPS, Misses Revenue for Q3 2024August 6, 2024 | finance.yahoo.comNew Jersey Resources Reports Fiscal 2024 Third-Quarter ResultsAugust 6, 2024 | msn.comNew Jersey Resources misses Q3 estimatesAugust 6, 2024 | markets.businessinsider.comHere's what to expect from New Jersey Resources's earningsJuly 25, 2024 | finance.yahoo.comZacks Industry Outlook Highlights Atmos Energy, National Fuel Gas and New Jersey ResourcesJuly 23, 2024 | markets.businessinsider.comJ.P. Morgan Reaffirms Their Hold Rating on New Jersey Resources (NJR)July 10, 2024 | seekingalpha.comNew Jersey Resources: This Dividend Champion Looks Like A Buy Right NowMay 31, 2024 | businesswire.comNew Jersey Natural Gas Files Annual Rate Adjustments With the New Jersey Board of Public UtilitiesSee 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 Ex-Dividend for 7/1 Dividend6/12/2024Ex-Dividend for 7/1 Dividend6/12/2024Dividend Payable7/01/2024Dividend Payable7/01/2024Last Earnings8/06/2024Today9/07/2024Fiscal Year End9/30/2024Next Earnings (Estimated)11/19/2024Get 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$45.33 High Stock Price Target$49.00 Low Stock Price Target$42.00 Potential Upside/Downside-1.5%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.53 Trailing P/E Ratio18.19 Forward P/E Ratio15.60 P/E GrowthN/ANet Income$264.72 million Net Margins13.61% Pretax Margin16.81% Return on Equity11.06% Return on Assets3.47% Debt Debt-to-Equity Ratio1.30 Current Ratio0.60 Quick Ratio0.41 Sales & Book Value Annual Sales$1.73 billion Price / Sales2.63 Cash Flow$4.23 per share Price / Cash Flow10.89 Book Value$21.61 per share Price / Book2.13Miscellaneous Outstanding Shares98,822,000Free Float98,081,000Market Cap$4.55 billion OptionableOptionable Beta0.59 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.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:NFGUGINYSE:UGISouthwest GasNYSE:SWXChesapeake UtilitiesNYSE:CPKNorthwest NaturalNYSE:NWNView All CompetitorsInsiders & InstitutionsSanctuary Advisors LLCBought 14,302 shares on 9/5/2024Ownership: 0.014%B. Riley Wealth Advisors Inc.Bought 5,977 shares on 8/19/2024Ownership: 0.006%Algert Global LLCBought 118,377 shares on 8/16/2024Ownership: 0.188%Creative PlanningBought 1,086 shares on 8/16/2024Ownership: 0.020%The Manufacturers Life Insurance Company Bought 570 shares on 8/15/2024Ownership: 0.121%View All Insider TransactionsView All Institutional Transactions NJR Stock Analysis - Frequently Asked Questions How have NJR shares performed this year? New Jersey Resources' stock was trading at $44.58 on January 1st, 2024. Since then, NJR stock has increased by 3.3% and is now trading at $46.03. View the best growth stocks for 2024 here. How were New Jersey Resources' earnings last quarter? New Jersey Resources Co. (NYSE:NJR) released its earnings results on Tuesday, August, 6th. The utilities provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by $0.07. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. When did New Jersey Resources' stock split? 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 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. 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. Who are New Jersey Resources' major shareholders? New Jersey Resources' top institutional shareholders include Dimensional Fund Advisors LP (2.99%), Bank of New York Mellon Corp (1.30%), ProShare Advisors LLC (0.90%) and Massachusetts Financial Services Co. MA (0.84%). 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 Energy Transfer (ET), CBL & Associates Properties (CBL), Ford Motor (F), AT&T (T), Cornerstone Total Return Fund (CRF), SandRidge Permian Trust (PER) and Cornerstone Strategic Value Fund (CLM). This page (NYSE:NJR) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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