With the U.N. Climate Change Conference, otherwise known as COP28, starting this week, we are reasserting our view that the market underappreciates utilities' critical role in limiting global warming.
NJR's customer base continues to grow faster than the national average and includes the wealthier regions of New Jersey.
Rising interest rates can be headwinds for utilities as higher debt costs hit earnings, and dividend yields are less attractive compared with fixed-income alternatives.
|
Metric
|
NJR
|
NI
|
CNP
|
|---|---|---|---|
Price/Earnings (Normalized) | 15.63 | 16.33 | 19.36 |
Price/Book Value | 2.07 | 1.74 | 1.86 |
Price/Sales | 2.10 | 1.98 | 1.94 |
Price/Cash Flow | 10.64 | 6.56 | 7.88 |
|
Metric
|
NJR
|
NI
|
CNP
|
|---|---|---|---|
Quick Ratio | 0.13 | 0.15 | 0.48 |
Current Ratio | 0.66 | 0.41 | 0.78 |
Interest Coverage | 3.52 | 2.93 | 2.78 |
|
Metric
|
NJR
|
NI
|
CNP
|
|---|---|---|---|
Return on Assets (Normalized) | 4.09% | 2.71% | 2.27% |
Return on Equity (Normalized) | 13.46% | 12.15% | 9.16% |
Return on Invested Capital (Normalized) | 7.08% | 5.56% | 5.01% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|
GASNF
| Naturgy Energy Group SA | Sgpy | $29.2 Bil | |
GASNY
| Naturgy Energy Group SA ADR | Fmwvf | $29.2 Bil | |
SNMRF
| Snam SpA | Hqtcbm | $17.0 Bil | |
SNMRY
| Snam SpA ADR | Mnnzw | $17.0 Bil | |
ATO
| Atmos Energy Corp | Clpnby | $16.9 Bil | |
HOKCY
| Hong Kong and China Gas Co Ltd ADR | Nywfhr | $12.8 Bil | |
HOKCF
| Hong Kong and China Gas Co Ltd | Jmsrgr | $12.8 Bil | |
NI
| NiSource Inc | Slwwd | $10.6 Bil | |
NFE
| New Fortress Energy Inc Class A | Lsx | $7.9 Bil |
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