New Jersey Resources Corp (NJR) Quote | Morningstar

Skip to Content

Is it the right time to buy or sell?

Find out with Morningstar Premium

Is it the right time to buy or sell?

Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Stewardship

PREMIUM

NJR's Distribution Utility Makes Up for Weakness At Nonutility Businesses

Strategist Travis Miller

Travis Miller Strategist

Analyst Note

| Travis Miller | May 8, 2020

We are reaffirming our $37 per share fair value estimate and narrow moat and stable moat trend ratings for New Jersey Resources after it reported $1.12 per share net financial profit in the second fiscal quarter of 2020, down from $1.27 in the second quarter of fiscal 2019.

Read Full Analysis

Company Profile

Business Description

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 550,000 customers in the state. NJR's nonregulated businesses include retail gas supply and solar investments primarily in New Jersey. NJR also is an equity investor and owner in several large midstream gas projects.

Contact

1415 Wyckoff Road
Wall, NJ, 07719

T +1 732 938-1480

www.njresources.com

Sector Utilities

Industry Utilities - Regulated Gas

Most Recent Earnings Mar 31, 2020

Fiscal Year End Sep 30, 2020

Stock Type High Yield

Employees 1,108

Related

Stock Strategist Industry Reports

3 Things for U.S. Utilities Investors to Watch

Valuation, growth capital expenditure, and renewable energy are top of mind.

New 5-Star Stocks

These names are all significantly undervalued by our standards after the market rout.

Susan Dziubinski

Stock Analyst Update

Buying Opportunity Amid Long-Awaited Utilities Sell-Off

The sector is 7% undervalued based on Morningstar's fair value estimates.

Stock Strategist Industry Reports

Coronavirus Opportunity and Risk: Industrials, Energy, and Basic Materials

Our analysts discuss where they see value in their sectors today.

Susan Dziubinski

Quarter-End Insights

Utilities: Running in Place, but Hurdles Ahead

Utilities continue trading near fair value with only a few high-quality dividend payers trading at attractive prices.

10 Solid Value Stocks at Great Prices (and 10 to Pass Up)

We examined the nearly 500 holdings in the Morningstar US Value Index and found some solid stocks at great prices, and others that look too expensive.

Quarter-End Insights

Utilities: Is a Sector-Shaking Pile-up Coming?

Nothing has been able to halt a historic utilities sector rally since mid-2015, but when will the music stop?

Utilities: Who Are the Next M&A Targets?

Given the high prices acquisitors have been willing to pay, Atmos Energy, WGL Holdings, and New Jersey Resources could all be prime targets.

Quarter-End Insights

Utilities: Low Rates Keep the Sector's Lovefest Raging

Only the Fed could break up utilities' M&A party.

Quarter-End Insights

Utilities: Starting to Look Attractive After a Woeful 2015 Start

Utilities' 4% dividend yields still look attractive even with the chance for rising interest rates.

Quarter-End Insights

Utilities: Bloody February Brings Valuations Back In Line

We don't see an end to this atypical volatility until interest rates rise back toward historical norms.

Quarter-End Insights

Utilities: Repeating a Stellar 2014 Performance Will Be Tough

Utilities' 23% total return through mid-December topped all sectors except for M&A-fueled health care.

Quarter-End Insights

Utilities: Roller-Coaster Ride Continues, but Fundamentals Are Strong

Stock price volatility offers opportunities for investors committed to holding utilities for the long run.

Stock Strategist Industry Reports

Pipe Dreams: Time to Sell These Gas Utilities

Attractive growth opportunities can't cover up nosebleed valuations.

Quarter-End Insights

Utilities Power Past Fair Value

Some of the most defensive companies in the utilities sector have performed the best this year and could face a sharp drop if interest rates start to creep up.

Quarter-End Insights

4 Utilities Poised to Power Through for Investors

Interest rate fears have weighed on the sector's absolute performance, but utilities' fundamentals remain strong for the most part.

Quarter-End Insights

Our Outlook for Utilities Stocks

Finally, utilities with good growth and attractive yields are on sale.

Quarter-End Insights

Our Outlook for Utilities Stocks

With interest rates rising, will dividend yields keep utilities afloat?

Quarter-End Insights

Our Outlook for Utilities Stocks

Utilities show no signs of slowing down with yields that look as good as ever.

Quarter-End Insights

Our Outlook for Utilities Stocks

Pegging the direction of utilities stocks in 2013 is not for the faint of heart.