|Last Price$12.96||Day Change (%)0.15%|
|Open Price$12.96||Day Change ($)0.02|
|Day Range12.96–12.96||52-Week Range12.76–13.32|
As of Fri 05/29/2015 | USD
New Jersey Resources Names Jamie Kent Treasurer
Fast-approaching environmental regulation could reshape the utilities sector.
Week ending June 8: Rising bond yields cause big drop by stocks.
Final environmental regulations give utilities near-term certainty but no comfort.
Regulated utilities could be hit hard by inflation, while diversified firms have long-term value that the market refuses to recognize.
Our top managers could look beyond pharmaceuticals for additional yield.
Widening investment-grade credit spreads and rising interest rates lead to losses.
Despite their near-term challenges, we still see upside.