New Jersey Resources Corporation (NJR)

NYSE: NJR · IEX Real-Time Price · USD
48.96
+0.09 (0.18%)
May 26, 2023, 4:00 PM EDT - Market closed
0.18%
Market Cap 4.75B
Revenue (ttm) 2.69B
Net Income (ttm) 293.74M
Shares Out 96.96M
EPS (ttm) 3.03
PE Ratio 16.16
Forward PE 20.04
Dividend $1.53 (3.13%)
Ex-Dividend Date Mar 14, 2023
Volume 416,453
Open 49.05
Previous Close 48.87
Day's Range 48.43 - 49.21
52-Week Range 38.07 - 55.84
Beta 0.67
Analysts Hold
Price Target 48.50 (-0.94%)
Earnings Date May 4, 2023

About NJR

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 an... [Read more]

Sector Utilities
Founded 1922
Employees 1,288
Stock Exchange NYSE
Ticker Symbol NJR
Full Company Profile

Financial Performance

In 2022, NJR's revenue was $2.91 billion, an increase of 34.75% compared to the previous year's $2.16 billion. Earnings were $274.92 million, an increase of 133.20%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for NJR stock is "Hold." The 12-month stock price forecast is $48.5, which is a decrease of -0.94% from the latest price.

Price Target
$48.5
(-0.94% downside)
Analyst Consensus: Hold
Stock Forecasts

News

New Jersey Resources Reports Fiscal 2023 Second-Quarter Results

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the second quarter of fiscal 2023. Highlights include: Consolidated net income of $110.2 million, ...

3 weeks ago - Business Wire

New Jersey Resources Names Frank Casey President of NJR Home Services

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced the appointment of Frank Casey as President of NJR Home Services, the company's appliance service and home comfort busines...

1 month ago - Business Wire

New Jersey Resources Schedules Fiscal 2023 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 20...

1 month ago - Business Wire

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 $0.39 per share. The ...

1 month ago - Business Wire

New Jersey Natural Gas Announces Bill Credit and Rate Decrease for Residential and Small Commercial Customers

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR) notified the New Jersey Board of Public Utilities (BPU) it will implemen...

3 months ago - Business Wire

New Jersey Resources Reports Fiscal 2023 First-Quarter Results and Increases Net Financial Earnings Guidance for Fiscal 2023

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the first quarter of fiscal 2023. Highlights include:

4 months ago - Business Wire

New Jersey Resources Hosts 70th Annual Meeting; Shareowners Elect Four Directors

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today hosted its 70th Annual Shareowners Meeting. At the virtual meeting, shareowners elected to NJR's board of directors Michael A. O'S...

4 months ago - Business Wire

New Jersey Resources Highlights Expanded Commitment to Environmental Stewardship and Community Engagement

WALL, N.J.--(BUSINESS WIRE)--In conjunction with its 70th Annual Shareowners Meeting, New Jersey Resources (NYSE: NJR) released its fiscal 2022 Corporate Sustainability Report, highlighting progress...

4 months ago - Business Wire

New Jersey Resources Schedules Fiscal 2023 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 ...

4 months ago - Business Wire

New Jersey Resources Announces Executive Promotions

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) announced the following executive promotions that position the company to execute on its growth strategy and information technology (IT)...

5 months ago - Business Wire

New Jersey Resources Named One of America's Most Responsible Companies by Newsweek

WALL, N.J.--(BUSINESS WIRE)--For the fourth consecutive year, New Jersey Resources (NYSE: NJR) was named one of America's Most Responsible Companies by Newsweek in recognition of its excellence and ...

6 months ago - Business Wire

New Jersey Resources Reports Fiscal 2022 Fourth-Quarter and Year End Results

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the fourth quarter and year ended fiscal 2022. Highlights include:

6 months ago - Business Wire

New Jersey Resources Names Lori DelGiudice Senior Vice President of Human Resources

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced the appointment of Lori DelGiudice to the position of Senior Vice President of Human Resources (HR) effective November 7, ...

7 months ago - Business Wire

Michael O'Sullivan 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 Michael O'Sullivan, former senior vice president of Development at Nex...

7 months ago - Business Wire

New Jersey Resources Schedules Fiscal 2022 Year-End 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 20...

7 months ago - Business Wire

New Jersey Resources Names Ginger Richman Vice President of NJR Storage and Transportation

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced the appointment of Ginger Richman as Vice President of Storage and Transportation for NJR Midstream Company, a wholly-owne...

8 months ago - Business Wire

New Jersey Resources raises dividend, to lift yield to more than double the S&P 500

New Jersey Resources Corp. NJR, +1.63% said Wednesday that it raised its quarterly dividend by 7.6%, to 39.00 cents a share from 36.25 cents a share. The natural gas storage and transportation company...

9 months ago - Market Watch

New Jersey Resources Board of Directors Raises Quarterly Dividend by 7.6 Percent to $0.39 Per Share

WALL, N.J.--(BUSINESS WIRE)--The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously approved a 7.6 percent increase in the quarterly dividend rate to $0.39 pe...

9 months ago - Business Wire

New Jersey Resources Names Robert Pohlman Vice President of NJR Clean Energy Ventures and Corporate Strategy

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced Robert Pohlman has been named Vice President of NJR Clean Energy Ventures (CEV) and Corporate Strategy effective immediate...

10 months ago - Business Wire

New Jersey Resources Reports Third-Quarter Fiscal 2022 Results and Increases Earnings Guidance for Fiscal 2022

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the third quarter of fiscal 2022. Highlights include: Consolidated net income of $13.1 million, co...

10 months ago - Business Wire

New Jersey Resources Schedules Fiscal 2022 Third-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 20...

11 months ago - Business Wire

New Jersey Resources Celebrates 40th Anniversary of Listing on the New York Stock Exchange

WALL, N.J.--(BUSINESS WIRE)--Celebrating the 40th anniversary of its listing on the New York Stock Exchange (NYSE), New Jersey Resources (NYSE: NJR) President and CEO Steve Westhoven, together with me...

11 months ago - Business Wire

New Jersey Resources Appoints New Corporate Secretary

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced the appointment of Tejal K. Mehta as Corporate Secretary and Assistant General Counsel effective June 6, 2022. In this rol...

1 year ago - Business Wire

New Jersey Natural Gas Submits Annual Basic Gas Supply Service Filing to the New Jersey Board of Public Utilities

WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas (NJNG), a regulated subsidiary of New Jersey Resources (NYSE: NJR), today submitted its annual Basic Gas Supply Service (BGSS) filing to the New Jer...

1 year ago - Business Wire

New Jersey Resources Reports Second-Quarter Fiscal 2022 Results and Increases Net Financial Earnings Guidance for Fiscal 2022

WALL, N.J.--(BUSINESS WIRE)--Today, New Jersey Resources Corporation (NYSE: NJR) reported results for the second-quarter of fiscal 2022. Highlights include: Consolidated net income of $96.0 million, c...

1 year ago - Business Wire