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

3 Wall Street research 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 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.
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3 brokerages have issued 1 year price targets for New Jersey Resources' shares. Their NJR share price targets range from $42.00 to $47.00. On average, they predict the company's share price to reach $45.00 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price.
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New Jersey Resources' stock was trading at $44.58 at the start of the year. Since then, NJR shares have decreased by 6.8% and is now trading at $41.57.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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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.

New Jersey Resources Co. (NYSE:NJR) announced its quarterly earnings data 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 analysts' expectations of $812.66 million. New Jersey Resources had a net margin of 13.96% and a trailing twelve-month return on equity of 11.13%. The company's quarterly revenue was down 35.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 EPS.

New Jersey Resources announced a quarterly dividend on Wednesday, January 24th. Stockholders of record on Wednesday, March 13th will be paid a dividend of $0.42 per share on Monday, April 1st. This represents a $1.68 annualized dividend and a yield of 4.04%. The ex-dividend date is Tuesday, March 12th.
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New Jersey Resources (NYSE:NJR) pays an annual dividend of $1.68 per share and currently has a dividend yield of 4.04%. 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.

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), Tortoise North American Pipeline Fund (TPYP), Invesco S&P MidCap Low Volatility ETF (XMLV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB) and Virtus Real Asset Income ETF (VRAI).

New Jersey Resources shares 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 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.

New Jersey Resources updated 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 earnings per share estimate of $2.79.

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.

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).

New Jersey Resources' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.46%), Hennessy Advisors Inc. (0.12%), Cox Capital Mgt LLC (0.08%), Keystone Financial Planning Inc. (0.01%), &PARTNERS (0.01%) and Sovereign Financial Group Inc. (0.00%). Insiders that own company stock include James H Degraffenreidt Jr, M William Howard Jr, Patrick J Migliaccio, Stephen D Westhoven and Timothy F Shea.
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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.
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