NYSE:NJR New Jersey Resources (NJR) Stock Price, News & Analysis → The “Perfect Storm” for Gold (From Gold Safe Exchange) (Ad) Free NJR Stock Alerts $43.36 +1.17 (+2.77%) (As of 04/19/2024 ET) Add Compare Share Share Today's Range$42.20▼$43.3950-Day Range$40.66▼$43.5052-Week Range$38.92▼$53.90Volume450,299 shsAverage Volume510,659 shsMarket Capitalization$4.26 billionP/E Ratio17.77Dividend Yield3.87%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/Downside3.8% Upside$45.00 Price TargetShort InterestHealthy2.66% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.34Based on 4 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.1.81 out of 5 starsUtilities Sector73rd out of 90 stocksNatural Gas Distribution Industry8th out of 11 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 only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.66% 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 5.Change versus previous monthShort interest in New Jersey Resources has recently decreased by 0.76%, indicating that investor sentiment is improving. Previous Next 5.0 Dividend Strength Dividend LeadershipNew Jersey Resources is a leading dividend payer. It pays a dividend yield of 4.07%, 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 68.85%. 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. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NJR. Previous Next 2.4 News and Social Media Coverage News SentimentNew Jersey Resources has a news sentiment score of 0.34. 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 lower news sentiment than the 0.50 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 4 news articles for New Jersey Resources this week, compared to 3 articles on an average week.Search Interest4 people have searched for NJR on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added New Jersey Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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. 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 17.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.76.Price to Earnings Ratio vs. SectorThe P/E ratio of New Jersey Resources is 17.77, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 80.85.Price to Book Value per Share RatioNew Jersey Resources has a P/B Ratio of 2.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad DTIBiden’s $374B Giveaway Into This SectorBiden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right hereClick here for the full story 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 HeadlinesApril 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 DividendApril 19, 2024 | Altimetry (Ad)Secret Bull Market Starts in This Unusual Sector"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch. April 17, 2024 | finance.yahoo.comNew Jersey Resources Corporation (NJR)April 10, 2024 | businesswire.comNew Jersey Resources Schedules Fiscal 2024 Second Quarter Earnings CallApril 3, 2024 | finance.yahoo.comRecent uptick might appease New Jersey Resources Corporation (NYSE:NJR) institutional owners after losing 16% over the past yearMarch 18, 2024 | msn.com7 top-tier New Jersey towns for retirees, according to World AtlasMarch 16, 2024 | finance.yahoo.comNJR Aug 2024 30.000 putApril 19, 2024 | Altimetry (Ad)Secret Bull Market Starts in This Unusual Sector"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch. March 12, 2024 | msn.comDrew Forest among list of North Jersey projects to get federal funds. See full listMarch 11, 2024 | msn.comReport: New Jersey and US were not prepared for COVID-19 and state remains so for the next crisisMarch 7, 2024 | finance.yahoo.comCI RENEWABLES LLC AND NJR CLEAN ENERGY VENTURES FORM SOLAR DEVELOPMENT PARTNERSHIPFebruary 15, 2024 | seekingalpha.comNew Jersey Resources Corporation: Fantastic Dividend Payer Likely To Stay That WayFebruary 8, 2024 | finance.yahoo.comNew Jersey Resources First Quarter 2024 Earnings: EPS Beats Expectations, Revenues LagFebruary 7, 2024 | msn.comNew Jersey Resources Corporation Hosts Strategic Webcast PresentationFebruary 7, 2024 | markets.businessinsider.comHold Rating on New Jersey Resources Amidst Mixed Financial and Regulatory OutlookFebruary 7, 2024 | finance.yahoo.comNew Jersey Resources Corporation (NYSE:NJR) Q1 2024 Earnings Call TranscriptFebruary 6, 2024 | finance.yahoo.comNew Jersey Resources Corporation: New Jersey Resources Earnings: January Cold Snap Boosts OutlookFebruary 6, 2024 | seekingalpha.comNew Jersey Resources Corporation 2024 Q1 - Results - Earnings Call PresentationFebruary 6, 2024 | msn.comNew Jersey Resources Non-GAAP EPS of $0.74 beats by $0.02, revenue of $467.21MFebruary 6, 2024 | markets.businessinsider.comNew Jersey Resources Boosts FY24 NFE Outlook; Q1 Profit DeclinesFebruary 6, 2024 | finance.yahoo.comNew Jersey Resources Reports Fiscal 2024 First-Quarter Results; Increases Net Financial Earnings Guidance for Fiscal 2024February 6, 2024 | finance.yahoo.comNew Jersey Resources Corp Reports Mixed Fiscal 2024 First-Quarter ResultsFebruary 5, 2024 | markets.businessinsider.comNew Jersey Resources earnings: here's what Wall Street expectsFebruary 2, 2024 | finance.yahoo.comNew Jersey Resources Corporation: New Jersey Resources: Rate Case Will Test Regulatory RelationshipsFebruary 1, 2024 | msn.comNew Jersey Resources Announces Base Rate Case FilingJanuary 31, 2024 | finance.yahoo.comNew Jersey Natural Gas Files Base Rate Case 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 Last Earnings2/06/2024Ex-Dividend for 4/1 Dividend3/12/2024Dividend Payable4/01/2024Today4/19/2024Next Earnings (Confirmed)5/07/2024Fiscal 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+3.8%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.44 Trailing P/E Ratio17.77 Forward P/E Ratio14.75 P/E GrowthN/ANet Income$264.72 million Net Margins13.96% Pretax Margin15.98% Return on Equity11.13% Return on Assets3.46% Debt Debt-to-Equity Ratio1.33 Current Ratio0.70 Quick Ratio0.47 Sales & Book Value Annual Sales$1.71 billion Price / Sales2.50 Cash Flow$4.44 per share Price / Cash Flow9.77 Book Value$20.41 per share Price / Book2.12Miscellaneous Outstanding Shares98,304,000Free Float97,567,000Market Cap$4.26 billion OptionableOptionable Beta0.64 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.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:SRPortland General ElectricNYSE:PORView All CompetitorsInsiders & InstitutionsState of Michigan Retirement SystemBought 800 shares on 4/18/2024Ownership: 0.025%Claro Advisors LLCBought 2,701 shares on 4/18/2024Ownership: 0.016%Allspring Global Investments Holdings LLCBought 3,909 shares on 4/18/2024Ownership: 0.012%Hennessy Advisors Inc.Sold 4,800 shares on 4/16/2024Ownership: 0.124%Sovereign Financial Group Inc.Sold 1,105 shares on 4/15/2024Ownership: 0.005%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 equities research analysts have issued "buy," "hold," and "sell" ratings for New Jersey Resources in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research 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 equities research analysts have issued 12 month price targets for New Jersey Resources' shares. 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 3.8% 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 stock has decreased by 2.7% and is now trading at $43.36. 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 Tuesday, May 7th 2024. View our NJR earnings forecast. How can I listen to New Jersey Resources' earnings call? New Jersey Resources will be holding an earnings conference call on Tuesday, May 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were New Jersey Resources' earnings last quarter? New Jersey Resources Co. (NYSE:NJR) issued its quarterly earnings results on Tuesday, February, 6th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $0.15. The utilities provider had revenue of $467.20 million for the quarter, compared to analyst estimates of $812.66 million. New Jersey Resources had a trailing twelve-month return on equity of 11.13% and a net margin of 13.96%. The firm's revenue for the quarter was down 35.4% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. 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 Wednesday, January 24th. Stockholders of record on Wednesday, March 13th will be given a dividend of $0.42 per share on Monday, April 1st. This represents a $1.68 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Tuesday, March 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 4.07%. NJR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 68.85%. 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 Invesco Dorsey Wright Utilities Momentum ETF (PUI), SPDR S&P Kensho Clean Power ETF (CNRG), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Goldman Sachs ETF Trust Goldman (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 shares split on Wednesday, March 4th 2015. The 2-1 split was announced on Wednesday, January 21st 2015. The newly created shares were distributed 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 guidance has New Jersey Resources issued on next quarter's earnings? New Jersey Resources issued an update on its FY24 earnings guidance on Tuesday, February, 6th. The company provided EPS guidance of $2.85-3.00 for the period, compared to the consensus EPS estimate of $2.79. 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 Confluence Investment Management LLC (0.46%), Hennessy Advisors Inc. (0.12%), Cox Capital Mgt LLC (0.08%), State of Michigan Retirement System (0.02%), Claro Advisors LLC (0.02%) and Allspring Global Investments Holdings LLC (0.01%). 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 4/19/2024 by MarketBeat.com Staff From Our PartnersThe “Perfect Storm” for GoldGold Safe ExchangeBiden’s $374B Giveaway Into This SectorDTIHe Is Giving Away BitcoinCrypto Swap ProfitsSHOCKING Crypto Leak…Crypto 101 MediaTop 5 AI Stocks to Buy for 2024Market Moving TrendsUrgent alert: open this for a huge profit potentialTimothy SykesMy biggest AI fearParadigm PressThe #1 Crypto for 2024InvestorPlace Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding New Jersey Resources Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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