New Jersey ResourcesNJR
NJR
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 7,139 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
1,188% more call options, than puts
Call options by funds: $541K | Put options by funds: $42K
135% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 23
40% more repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 109
6% more funds holding
Funds holding: 361 [Q3] → 382 (+21) [Q4]
1.44% more ownership
Funds ownership: 73.0% [Q3] → 74.43% (+1.44%) [Q4]
2% more capital invested
Capital invested by funds: $3.4B [Q3] → $3.47B (+$64.5M) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$52
11%
upside
Avg. target
$53
14%
upside
High target
$54
15%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Guggenheim Shahriar Pourreza 71% 1-year accuracy 10 / 14 met price target | 15%upside $54 | Neutral Maintained | 5 Feb 2025 |
JP Morgan Richard Sunderland 43% 1-year accuracy 3 / 7 met price target | 11%upside $52 | Overweight Maintained | 28 Jan 2025 |
Wells Fargo Sarah Akers 71% 1-year accuracy 10 / 14 met price target | 15%upside $54 | Equal-Weight Maintained | 27 Nov 2024 |
Financial journalist opinion
Based on 5 articles about NJR published over the past 30 days
Positive
Zacks Investment Research
3 days 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 weeks 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.
Positive
Zacks Investment Research
2 weeks ago
New Jersey Resources (NJR) Beats Q1 Earnings and Revenue Estimates
New Jersey Resources (NJR) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $0.74 per share a year ago.
Neutral
Business Wire
2 weeks ago
New Jersey Resources Reports Fiscal 2025 First-Quarter Results
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources Corporation (NYSE: NJR) today reported financial and operating results for its fiscal 2025 first quarter ended December 31, 2024. Regulatory and Operating Highlights During the first quarter of fiscal 2025, New Jersey Natural Gas (NJNG) received approval from the New Jersey Board of Public Utilities (BPU) on the settlement of its base rate case, authorizing a $157.0 million annual increase to its base rates, with rates effective on November 21,.
Positive
Zacks Investment Research
3 weeks ago
Consumer Sentiment Dips After 6 Months: Bet on 4 Low-Beta Utility Stocks
Low-beta utility stocks like AWK, IDA, NEE and NJR are a safe bet during times of market volatility.
Neutral
Business Wire
1 month ago
New Jersey Resources Board of Directors Declares Quarterly Dividend
WALL, N.J.--(BUSINESS WIRE)--The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously declared a quarterly dividend on its common stock of $0.45 per share. The dividend will be payable on April 1, 2025, to shareowners of record as of March 11, 2025. NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the dividend every year for the last 29 years. About New Jersey Resources New Jersey Resources (NYSE: NJR) is a Fortune.
Neutral
Business Wire
1 month ago
New Jersey Resources Hosts 72nd Annual Meeting
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR), today hosted its 72nd Annual Shareowners Meeting. At the virtual meeting, shareowners elected Gregory E. Aliff, Thomas C. O'Connor and Michael A. O'Sullivan to NJR's board of directors each for a three-year term that will expire in 2028. “I appreciate our shareowners' support for our directors and confidence in our company,” said Steve Westhoven, President and CEO of New Jersey Resources. “The expertise of Greg, Tom and Mike is an a.
Neutral
Business Wire
1 month ago
New Jersey Resources Announces $50,000 Pledge to Launch Rutgers University's First Vibrant Communities Sustainability & Resiliency Project
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR), the parent company of New Jersey Natural Gas (NJNG), today announced a new collaborative effort with Rutgers University and its School of Environmental and Biological Sciences to advance the University's “Vibrant Communities” program. NJR committed $50,000 from its Coastal Climate Initiative (CCI) to support the inaugural Vibrant Communities program's sustainability and resiliency project. The CCI supports projects and programs desi.
Neutral
Business Wire
1 month ago
New Jersey Resources Schedules Fiscal 2025 First 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 first quarter financial results on Tuesday, February 4, 2025, at 10 a.m. ET. New Jersey Resources will release these results on Monday, February 3, 2025, after the close of the stock market. A few minutes prior to the webcast, visit www.njresources.com and select “Investor Relations.” Scroll dow.
Positive
Zacks Investment Research
1 month ago
3 Gas Distribution Stocks to Watch From a Flourishing Industry
Increased 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, MDU and NJR can provide reliable services to customers and benefit from a positive industry outlook.
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