New Jersey Resources
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
0
Funds holding %
of 7,419 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
1,188% more call options, than puts
Call options by funds: $541K | Put options by funds: $42K
161% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 23
48% more repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 107
8% more funds holding
Funds holding: 361 [Q3] → 391 (+30) [Q4]
2.75% more ownership
Funds ownership: 72.44% [Q3] → 75.18% (+2.75%) [Q4]
3% more capital invested
Capital invested by funds: $3.38B [Q3] → $3.47B (+$92.1M) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$51
4%
upside
Avg. target
$52
6%
upside
High target
$54
10%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Jefferies Julien Dumoulin-Smith 54% 1-year accuracy 92 / 170 met price target | 4%upside $51 | Hold Initiated | 1 Apr 2025 |
Guggenheim Shahriar Pourreza 57% 1-year accuracy 13 / 23 met price target | 10%upside $54 | Neutral Maintained | 5 Feb 2025 |
JP Morgan Richard Sunderland 75% 1-year accuracy 6 / 8 met price target | 6%upside $52 | Overweight Maintained | 28 Jan 2025 |
Financial journalist opinion
Based on 6 articles about NJR published over the past 30 days
Neutral
Business Wire
9 hours ago
William T. Yardley Elected to the Board of Directors of New Jersey Resources
WALL, N.J.--(BUSINESS WIRE)--The board of directors of New Jersey Resources (NYSE: NJR) today announced the unanimous election of William T. Yardley to the board, effective July 1, 2025. “Bill Yardley is a proven leader in the energy industry,” said Steve Westhoven, president and CEO of New Jersey Resources. “His extensive experience with pipeline infrastructure, regulatory strategy, policy and innovation will be an asset to our company, and I am confident the strategic guidance and insight he.
Neutral
Business Wire
1 week ago
New Jersey Resources Schedules Fiscal 2025 Second Quarter Earnings Call
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2025 second quarter financial results on Tuesday, May 6, 2025, at 10 a.m. ET. New Jersey Resources will release these results on Monday, May 5, 2025, after the close of the stock market. A few minutes prior to the webcast, visit www.njresources.com and select “Investor Relations.” Scroll down and cli.
Positive
Kiplinger
1 week ago
The Best Utility Stocks to Buy
Utility stocks are defensive plays for investors, offering stability and reliable dividends. Here's how you can find the best ones to buy.
Positive
Zacks Investment Research
2 weeks ago
4 Gas Distribution Stocks to Accumulate in a Thriving Industry
Ongoing increases in natural gas export volumes and regular investment in pipelines are driving the Zacks Gas Distribution industry's near-term prospects. Utilities with stable infrastructure like ATO, SWX, NJR and CPK are well-poised to gain.
Positive
Seeking Alpha
2 weeks ago
New Jersey Resources Appears Well-Positioned For Double-Digit Returns
New Jersey Resources shows consistent earnings growth, rising dividends, and a positive track record with its state utility board when rate increases are necessary. NJR not only looks attractive as a stand-alone investment idea for conservative investors, but it also appears to be leading its peers in a number of financial metrics. Demand for natural gas is expected to rise by 3% in 2025 and another 2.5% in 2026. In 2024, consumption set new records in both the summer and winter months.
Positive
Zacks Investment Research
3 weeks ago
CPK or NJR: Which Is a Better Utility Gas Distribution Stock?
CPK and NJR work efficiently and continue to provide reliable services to their expanding customer base.
Positive
Zacks Investment Research
1 month ago
Reasons to Add New Jersey Resources Stock to Your Portfolio Now
NJR makes a strong case for investment, given its growth prospects, solvency, strong ROE and capability to increase shareholders' value.
Positive
Zacks Investment Research
1 month ago
Is NewJersey Resources (NJR) Outperforming Other Utilities Stocks This Year?
Here is how New Jersey Resources (NJR) and OGE Energy (OGE) have performed compared to their sector so far this year.
Positive
Zacks Investment Research
2 months ago
Rate Cut Delay Fears Grip Markets Amid Rise in Inflation: 4 Safe Bets
Utility stocks like NI, ATO, AWK and NJR are a safe bet during times of market volatility.
Neutral
Seeking Alpha
2 months ago
New Jersey Resources Corporation (NJR) Q1 2025 Earnings Call Transcript
New Jersey Resources Corporation (NYSE:NJR ) Q1 2025 Earnings Conference Call February 4, 2025 10:00 AM ET Company Participants Adam Prior – Director-Investor Relations Steve Westhoven – President and Chief Executive Officer Roberto Bel – Senior Vice President and Chief Financial Officer Pat Migliaccio – Senior Vice President and Chief Operating Officer-New Jersey Natural Gas Conference Call Participants Shar Pourreza – Guggenheim Securities Richard Sunderland – JPMorgan Gabe Moreen – Mizuho Travis Miller – Morningstar Operator Thank you for standing by. My name is Prilla, and I will be your conference operator today.
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