New Jersey Resources, or NJR, is one of the few U.S. utilities that has committed to maintaining and growing a diverse set of businesses from rate-regulated natural gas distribution to renewable energy investments. Management's investments in businesses such as solar and natural gas midstream are paying off nicely for investors so far.
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 slow earnings growth and dividend yields are less attractive compared with fixed-income alternatives.
|
Metric
|
NJR
|
CNP
|
ATO
|
|---|---|---|---|
Price/Earnings (Normalized) | 18.89 | 19.68 | 18.68 |
Price/Book Value | 2.06 | 1.88 | 1.57 |
Price/Sales | 2.49 | 2.09 | 4.38 |
Price/Cash Flow | 10.85 | 7.62 | 10.65 |
|
Metric
|
NJR
|
CNP
|
ATO
|
|---|---|---|---|
Quick Ratio | 0.29 | 0.50 | 0.79 |
Current Ratio | 0.70 | 0.78 | 1.44 |
Interest Coverage | 3.18 | 2.55 | 7.90 |
|
Metric
|
NJR
|
CNP
|
ATO
|
|---|---|---|---|
Return on Assets (Normalized) | 3.45% | 2.39% | 3.86% |
Return on Equity (Normalized) | 11.23% | 9.70% | 8.23% |
Return on Invested Capital (Normalized) | 6.29% | 5.52% | 5.58% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
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ATO
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GAILF
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SNMRF
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SNMRY
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HOKCF
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NI
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NFE
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