Skip to Content
Morningstar
Get 14 Days Free

New Jersey Resources Corp NJR

Morningstar Rating
Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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

Capital Allocation

PREMIUM

Utilities Well Positioned as Biden Starts Work on Green Agenda

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our fair value estimates, moat ratings, and moat trend ratings for U.S. utilities after President Joe Biden kicked off his environmental policymaking efforts. We consider the sector fairly valued.

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 560,000 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 +1 732 938-1000
Sector Utilities
Industry Utilities - Regulated Gas
Most Recent Earnings Sep 30, 2020
Fiscal Year End Sep 30, 2021
Stock Type High Yield
Employees 1,156

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.
Andrew Bischof
Market Update
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.
Travis Miller
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.
Travis Miller
Our Picks
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.
Karen Wallace
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?
Travis Miller
US Videos
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.
Travis Miller
Quarter-End Insights
Utilities: Low Rates Keep the Sector's Lovefest Raging
Only the Fed could break up utilities' M&A party.
Travis Miller
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.
Travis Miller
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.
Travis Miller
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.
Travis Miller
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.
Travis Miller
Stock Strategist Industry Reports
Pipe Dreams: Time to Sell These Gas Utilities
Attractive growth opportunities can't cover up nosebleed valuations.
Mark Barnett
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.
Travis Miller
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.
Travis Miller
Quarter-End Insights
Our Outlook for Utilities Stocks
Finally, utilities with good growth and attractive yields are on sale.
Travis Miller
Quarter-End Insights
Our Outlook for Utilities Stocks
With interest rates rising, will dividend yields keep utilities afloat?
Travis Miller
Quarter-End Insights
Our Outlook for Utilities Stocks
Utilities show no signs of slowing down with yields that look as good as ever.
Travis Miller
Quarter-End Insights
Our Outlook for Utilities Stocks
Pegging the direction of utilities stocks in 2013 is not for the faint of heart.
Travis Miller