New Jersey Resources (NJR)

• Market cap: $4.64B
• 1 day: 1.04%
• 5 days: -2.52%
• 1 month: -4.67%
• 3 months: -2.37%
• 6 months: 10.50%
• Year to date: 2.74%
• 1 year: 5.82%
• 5 years: 2.31%
• 10 years: 58.30%
• Sector: Utilities
• Industry: Natural Gas Distribution

About: New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to nearly 600,000 customers in the state. NJR's nonregulated businesses include solar investments primarily in New Jersey and investments in several large midstream natural gas projects.

Employees: 1,372

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

84% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 31

28% more repeat investments, than reductions

Existing positions increased: 137 | Existing positions reduced: 107

9% more capital invested

Capital invested by funds: $3.1B [Q2] → $3.37B (+$270M) [Q3]

8% more funds holding

Funds holding: 333 [Q2] → 359 (+26) [Q3]

1.05% less ownership

Funds ownership: 73.43% [Q2] → 72.38% (-1.05%) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $49 5% upside
• Avg. target: $52 13% upside
• High target: $54 16% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

JP Morgan Richard Sunderland 60% 1-year accuracy 3 / 5 met price target	16% upside $54	Overweight Upgraded	12 Dec 2024
Wells Fargo Sarah Akers 57% 1-year accuracy 8 / 14 met price target	16% upside $54	Equal-Weight Maintained	27 Nov 2024
Guggenheim Shahriar Pourreza 74% 1-year accuracy 14 / 19 met price target	5% upside $49	Neutral Maintained	27 Nov 2024