Utilities - Regulated Gas - NYSE - US
$ 48.01
1.57 %
$ 4.76 B
Market Cap
20.17
P/E
New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. 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 564,000 residential and commercial customers throughout 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 commercial and residential solar projects situated in New Jersey, Connecticut, Rhode Island, and New York.[ Read More ]
The intrinsic value of one NJR stock under the base case scenario is HIDDEN Compared to the current market price of 48 USD, New Jersey Resources Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart NJR
FINANCIALS
1.96 B
REVENUE
407 M
OPERATING INCOME
265 M
NET INCOME
479 M
OPERATING CASH FLOW
-539 M
INVESTING CASH FLOW
59.7 M
FINANCING CASH FLOW
276 M
REVENUE
5.94 M
OPERATING INCOME
-11.6 M
NET INCOME
24.3 M
OPERATING CASH FLOW
-158 M
INVESTING CASH FLOW
151 M
FINANCING CASH FLOW
Balance Sheet Decomposition
New Jersey Resources Corporation
| Current Assets | 532 M |
| Cash & Short-Term Investments | 954 K |
| Receivables | 121 M |
| Other Current Assets | 410 M |
| Non-Current Assets | 6.01 B |
| Long-Term Investments | 104 M |
| PP&E | 5.2 B |
| Other Non-Current Assets | 703 M |
| Current Liabilities | 807 M |
| Accounts Payable | 204 M |
| Short-Term Debt | 373 M |
| Other Current Liabilities | 230 M |
| Non-Current Liabilities | 3.74 B |
| Long-Term Debt | 2.92 B |
| Other Non-Current Liabilities | 824 M |
EFFICIENCY
Earnings Waterfall
New Jersey Resources Corporation
| Revenue | 1.96 B |
| Cost Of Revenue | 1.35 B |
| Gross Profit | 610 M |
| Operating Expenses | 203 M |
| Operating Income | 407 M |
| Other Expenses | 142 M |
| Net Income | 265 M |
RATIOS
31.10%
GROSS MARGIN
20.73%
OPERATING MARGIN
13.49%
NET MARGIN
13.30%
ROE
4.05%
ROA
6.68%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
New Jersey Resources Corporation
| Net Income | 265 M |
| Depreciation & Amortization | 153 M |
| Capital Expenditures | -541 M |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 91.9 M |
| Others | -156 M |
| Free Cash Flow | -61.9 M |
Wall Street Analysts Price Targets
New Jersey Resources Corporation
Wall Street analysts predict an average 1-year price target for NJR of $46.5 , with forecasts ranging from a low of $45 to a high of $47 .
NJR Lowest Price Target
Wall Street Target
45 USD
-6.27%
NJR Average Price Target
Wall Street Target
46.5 USD
-3.15%
NJR Highest Price Target
Wall Street Target
47 USD
-2.10%
4. DIVIDEND ANALYSIS
0.98%
DIVIDEND YIELD
0.45 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
New Jersey Resources Corporation
Sold
0-3 MONTHS
115 K USD 1
3-6 MONTHS
2.56 M USD 2
6-9 MONTHS
128 K USD 1
9-12 MONTHS
159 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Aug 21, 2024
|
Sell 115 K USD
|
Migliaccio Patrick J.
Senior VP and COO, NJNG |
- 2500
|
45.88 USD |
|
4 months ago
Jul 12, 2024
|
Sell 153 K USD
|
Westhoven Stephen D
President & CEO |
- 3400
|
45 USD |
|
4 months ago
Jul 16, 2024
|
Sell 1.2 M USD
|
Westhoven Stephen D
President & CEO |
- 26600
|
45.0581 USD |
|
5 months ago
Jun 13, 2024
|
Sell 6.96 USD
|
KENNY JANE M
Director |
- 0.164
|
42.44 USD |
|
5 months ago
Jun 14, 2024
|
Sell 350 K USD
|
KENNY JANE M
Director |
- 8300
|
42.2 USD |
|
5 months ago
May 23, 2024
|
Sell 856 K USD
|
Westhoven Stephen D
President & CEO |
- 20000
|
42.8212 USD |
|
8 months ago
Mar 12, 2024
|
Sell 128 K USD
|
Migliaccio Patrick J.
Senior VP and COO, NJNG |
- 3000
|
42.71 USD |
|
10 months ago
Dec 21, 2023
|
Sell 159 K USD
|
Migliaccio Patrick J.
Senior VP and COO, NJNG |
- 3579
|
44.29 USD |
|
1 year ago
May 12, 2023
|
Sell 250 K USD
|
Westhoven Stephen D
President & CEO |
- 5000
|
50.0446 USD |
|
1 year ago
Mar 07, 2023
|
Sell 104 K USD
|
Migliaccio Patrick J.
Senior VP and COO, NJNG |
- 2040
|
51 USD |
|
1 year ago
Nov 22, 2022
|
Sell 147 K USD
|
Migliaccio Patrick J.
Senior VP and COO, NJNG |
- 3000
|
49.1578 USD |
|
2 years ago
May 19, 2022
|
Sell 122 K USD
|
Migliaccio Patrick J.
Senior VP and COO, NJNG |
- 2690
|
45.25 USD |
|
2 years ago
Nov 29, 2021
|
Bought 152 K USD
|
DEGRAFFENREIDT JAMES H JR
Director |
+ 4000
|
38.04 USD |
|
2 years ago
Nov 23, 2021
|
Sell 156 K USD
|
Migliaccio Patrick J.
Senior VP and CFO |
- 4000
|
39.02 USD |
|
3 years ago
Jun 23, 2021
|
Sell 414 K USD
|
Shea Timothy F.
Vice President, Subsidiary |
- 10000
|
41.35 USD |
|
3 years ago
Jun 23, 2021
|
Sell 414 K USD
|
Shea Timothy F.
Vice President, Subsidiary |
- 10000.608
|
41.35 USD |
|
3 years ago
May 27, 2021
|
Sell 132 K USD
|
HOWARD M WILLIAM JR
Director |
- 3078
|
42.79 USD |
|
3 years ago
Mar 19, 2021
|
Sell 224 K USD
|
HOWARD M WILLIAM JR
Director |
- 5580
|
40.16 USD |
|
3 years ago
Feb 11, 2021
|
Sell 141 K USD
|
Migliaccio Patrick J.
Senior VP and CFO |
- 3811
|
37.11 USD |
|
4 years ago
Mar 17, 2020
|
Sell 268 K USD
|
CORRELL DONALD L
Director |
- 10000
|
26.7627 USD |
|
4 years ago
Feb 21, 2020
|
Sell 152 K USD
|
Migliaccio Patrick J.
Senior VP and CFO |
- 3503
|
43.3 USD |
|
5 years ago
Aug 13, 2019
|
Sell 990 K USD
|
DOWNES LAURENCE M
Chairman & CEO |
- 22000
|
45.0026 USD |
|
5 years ago
May 16, 2019
|
Sell 597 K USD
|
TRICE DAVID A
Director |
- 12000
|
49.7411 USD |
|
5 years ago
Mar 25, 2019
|
Sell 50.2 K USD
|
HOWARD M WILLIAM JR
Director |
- 1000
|
50.1716 USD |
|
5 years ago
Mar 21, 2019
|
Sell 149 K USD
|
KENNY JANE M
Director |
- 3000
|
49.6344 USD |
|
5 years ago
Mar 18, 2019
|
Sell 1.75 M USD
|
STRANGE J TERRY
Director |
- 35000
|
49.895 USD |
|
5 years ago
Mar 18, 2019
|
Sell 103 K USD
|
Migliaccio Patrick J.
Senior VP and CFO |
- 2068
|
49.96 USD |
|
5 years ago
Mar 19, 2019
|
Sell 985 K USD
|
TRICE DAVID A
Director |
- 20000
|
49.27 USD |
|
5 years ago
Jan 10, 2019
|
Sell 44.6 K USD
|
HOWARD M WILLIAM JR
Director |
- 1000
|
44.63 USD |
|
5 years ago
Jan 09, 2019
|
Sell 45.5 K USD
|
HOWARD M WILLIAM JR
Director |
- 1000
|
45.54 USD |
|
5 years ago
Nov 27, 2018
|
Sell 47.9 K USD
|
HOWARD M WILLIAM JR
Director |
- 1000
|
47.91 USD |
7. News
Reasons to Add New Jersey Resources Stock to Your Portfolio Now
NJR makes a strong case for investment, given its growth prospects, strong ROE and capability to increase shareholders' value.
zacks.com
- 5 days 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 January 2, 2025, to shareowners of record as of December 11, 2024. 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 Fo.
businesswire.com
- 1 week ago
$100,000 Awarded to New Jersey Organizations Through American Water Charitable Foundation 2024 Workforce Readiness Grant Program
CAMDEN, N.J.--(BUSINESS WIRE)--New Jersey American Water announced today that four New Jersey organizations — Boys and Girls Clubs of Union County, Hopeworks, Junior Achievement of New Jersey and Salem County Inter-Agency Council of Human Services — were each awarded a $25,000 American Water Charitable Foundation 2024 Workforce Readiness grant, focusing on general career readiness, financial and business literacy, positive youth development and life skills training. "Every day, we work to keep.
businesswire.com
- 3 weeks ago
4 Gas Distribution Stocks to Watch From a Muted Industry
Despite near-term weak prospects of the Gas distribution industry, stocks like ATO, UGI, MDU, and NJR, with their systematic investments to strengthen operations and rising earnings estimates, warrant a look.
zacks.com
- 1 month ago
New Jersey Resources: Still A Buy After Its Recent Dividend Hike
Last month, New Jersey Resources upped its quarterly dividend per share for the 29th consecutive year. The natural gas utility missed analyst expectations for total operating revenue and consolidated net financial loss, but its fundamentals look to be intact. New Jersey Resources' dividend is well-covered, and its balance sheet is responsibly capitalized.
seekingalpha.com
- 1 month ago
4 Upcoming Dividend Increases
My strategy focuses on buying, holding, and adding companies with consistent dividend growth and outperforming benchmarks, ensuring a successful long-term portfolio. I passed on Lam Research due to competition with Applied Materials but added Amphenol for its unique position in high-growth industries like 5G and EVs. The list merges data from "U.S. Dividend Champions" and NASDAQ, featuring companies with at least five years of consistent dividend growth.
seekingalpha.com
- 1 month ago
Lennar Continues Strategic Expansion Across New Jersey with Launch of Four New Communities This Fall
HAMILTON, N.J., Sept. 17, 2024 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, today underscored its commitment to the New Jersey market with the announcement of a strategic expansion that includes the opening of four new communities. "Lennar is known for its innovative approach to home construction and community development, as such, we are excited to introduce a range of new homesites that cater to the diverse needs of New Jersey homeowners," said Anthony Mignone, Lennar Regional Vice President for Lennar. "By leveraging our national experience and resources, we aim to create lasting value for homeowners alike across the state, while continuing to uphold Lennar's legacy of building homes that stand the test of time." The four communities are all located in highly desirable towns, only short distances from Philadelphia, New York and the Jersey Shore. Designed with convenience in mind, these developments are positioned to offer homeowners easy access to main roads and highways, top-rated school districts, shopping and entertainment options. Additionally, each community will provide unique amenities focused on sustainability, health and wellbeing, helping to create vibrant neighborhoods where families can thrive. These offerings will range from on-site parks, expansive green spaces, state-of-the-art clubhouses featuring a resort-style pools and event spaces, pickleball and volleyball courts. Lennar's new developments promise to not only integrate seamlessly into the unique landscape of their surrounding New Jersey towns, but to provide exceptional craftsmanship and value. Every home will offer Lennar's signature Everything's Included® program, where Lennar's most popular features and finishes are built into the base price of the home. The master-planned communities debuting over the next few months include: This announcement of expansion follows closely on the heels of two recent community openings in New Jersey – The Collection at Hopewell and Monroe Park Terraces. For more information on these new home opportunities, click here or call (609) 931-4509. About Lennar CorporationLennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com. Contact: Danielle ToccoVice President CommunicationsLennar Corporation[email protected]Direct Line: 949.789.1633
https://www.prnewswire.com
- 2 months ago
New Jersey Resources Rewards Shareholders With 7.1% Dividend Hike
NJR continues to increase shareholders' value as its board of directors approves a 7.1% quarterly dividend hike.
zacks.com
- 2 months ago
New Jersey Resources Board of Directors Increases Dividend by 7.1% to $0.45 Per Share
WALL, N.J.--(BUSINESS WIRE)--The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously approved a 7.1 percent increase in the quarterly dividend rate to $0.45 per share from $0.42 per share. The new quarterly rate will be effective with the dividend payable October 1, 2024 to shareowners of record on September 23, 2024. The new annual dividend rate will be $1.80 per share. NJR has paid quarterly dividends continuously since its inception in 1952, and has r.
businesswire.com
- 2 months ago
Reasons to Add New Jersey Resources Stock to Your Portfolio Now
NJR makes a strong case for investment, given its growth prospects, strong ROE and capability to increase shareholders' value.
zacks.com
- 2 months ago
Take the Zacks Approach to Beat the Markets: New Jersey Resources, Axon, Coca-Cola in Focus
Last week, our time-tested methodologies served investors well in navigating the market. Check out some of our achievements from the past three months.
zacks.com
- 3 months ago
Nevis Brands CEO talks expansion of Major cannabis beverages into New Jersey - ICYMI
Nevis Brands (CSE:NEVI, OTCQB:PSCBF) CEO John Kueber joined Proactive to discuss the company's new licensing agreement with Stash House to produce and distribute Major-branded cannabis beverages in New Jersey. Kueber highlighted the importance of New Jersey's market due to its proximity to major population centers like New York City.
proactiveinvestors.com
- 3 months ago
8. Profile Summary
New Jersey Resources Corporation NJR
COUNTRY
US
INDUSTRY
Regulated Gas
MARKET CAP
$ 4.76 B
Dividend Yield
0.98%
Description
New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. 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 564,000 residential and commercial customers throughout 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 commercial and residential solar projects situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas storage and transportation contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.
Contact
1415 Wyckoff Road, Wall, NJ, 07719
https://www.njresources.com
IPO Date
March 17, 1980
Employees
1350
Officers
Mr. David Johnson
Vice President of Corporate Business Development
Mr. Stephen M. Skrocki
Principal Accounting Officer & Corporate Controller
Ms. Marissa Brooks Travaline
Vice President of Customer Service, Marketing & Energy Efficiency
Ms. Lori DelGiudice
Senior Vice President of Human Resources
Mr. Stephen D. Westhoven
President, Chief Executive Officer & Director
Ms. Amy Cradic
Senior Vice President and Chief Operating Officer of Non-Utility Businesses, Strategy & External Affairs
Mr. Roberto F. Bel
Senior Vice President, Chief Financial Officer & Principal Financial Officer
Mr. Patrick J. Migliaccio
Senior Vice President & Chief Operating Officer of New Jersey Natural Gas
Ms. Jacqueline K. Shea
Senior Vice President & Chief Information Officer
Mr. Adam Prior
Director of Investor Relations