New Jersey Resources Corp
NJR: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $54.00 | Qwhjgp | Jvtgxhf |
NJR Still Has Growth Opportunities Despite Long-Term Concerns About the Future of Natural Gas
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Business Strategy and Outlook
New Jersey Resources remains at its core a growing regulated gas distribution utility even after management's recent investments in nonregulated energy businesses such as solar and natural gas midstream. NJR's regulated utility business will continue to produce more than two thirds of earnings on a normalized basis for the foreseeable future as New Jersey's need for infrastructure safety and decarbonization investments provide growth opportunities.