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 7,425 funds
–
Analysts bullish %
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
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$51
4%
upside
Avg. target
$53
7%
upside
High target
$54
10%
upside
2 analyst ratings
0 positive
0%
2 neutral
100%
0 negative
0%
Jefferies Julien Dumoulin-Smith 62% 1-year accuracy 53 / 86 met price target | 4%upside $51 | Hold Initiated | 1 Apr 2025 |
Guggenheim Shahriar Pourreza 52% 1-year accuracy 12 / 23 met price target | 10%upside $54 | Neutral Maintained | 5 Feb 2025 |
Financial journalist opinion
Based on 9 articles about NJR published over the past 30 days
Positive
Zacks Investment Research
2 days ago
New Jersey Resources (NJR) Earnings Expected to Grow: Should You Buy?
New Jersey Resources (NJR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Business Wire
1 week ago
New Jersey Natural Gas Expands Workforce Development Programs with Isles, Inc.
WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas (NJNG) today announced the opening of the company's SAVEGREEN® Innovation and Training Annex in Atlantic Highlands, New Jersey, Monmouth County. The facility exemplifies NJNG's role as a leader in innovation and energy efficiency in the state and will serve as the hub for an enhanced Workforce Development Program in collaboration with Isles, Inc., a community development and environmental nonprofit organization based in Trenton, New Jersey, an.
Positive
Zacks Investment Research
1 week ago
All You Need to Know About New Jersey Resources (NJR) Rating Upgrade to Buy
New Jersey Resources (NJR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Neutral
Business Wire
1 week ago
New Jersey Resources Highlights the Success of the Coastal Climate Initiative in Celebration of Earth Day
WALL, N.J.--(BUSINESS WIRE)--Created to help raise awareness about important environmental issues affecting the world around us, Earth Day has grown into a call to action to promote conservation, advance environmental sustainability best practices and protect the planet. For 55 years it has been inspiring people to get involved and help make a difference in their local communities. New Jersey Resources (NYSE: NJR), the parent company of New Jersey Natural Gas (NJNG), has worked to answer this c.
Neutral
Business Wire
1 week 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
3 weeks 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
3 weeks 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
4 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
4 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
1 month 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.
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