New Jersey Resources Names Jamie Kent Treasurer
New Jersey Resources Board of Directors Declares Quarterly Dividend
Attractive growth opportunities can't cover up nosebleed valuations.
Rising interest rates do not change our opinion of New Jersey Resources' prospects.
Interest rate fears have weighed on the sector's absolute performance, but utilities' fundamentals remain strong for the most part.
Regulated utilities could be hit hard by inflation, while diversified firms have long-term value that the market refuses to recognize.