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New Jersey Resources Corp NJR

Morningstar Rating
$41.66 +0.31 (0.75%)
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Company Report

Price vs Fair Value

NJR is trading at a 10% discount.
Price
$41.34
Fair Value
$47.00
Uncertainty
Low
1-Star Price
$97.70
5-Star Price
$18.70
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

NJR's customer base continues to grow faster than the national average and includes the wealthier regions of New Jersey.

Bears

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.

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News

Trading Information

Previous Close Price
$41.35
Day Range
$41.3941.88
52-Week Range
$38.9055.84
Bid/Ask
$41.66 / $41.67
Market Cap
$4.10 Bil
Volume/Avg
161,302 / 534,392

Key Statistics

Price/Earnings (Normalized)
17.97
Price/Sales
2.37
Dividend Yield (Trailing)
3.92%
Dividend Yield (Forward)
4.06%
Total Yield
3.92%

Company Profile

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 more than 575,000 customers in the state. NJR's nonregulated businesses include solar investments primarily in New Jersey and investments in several large midstream natural gas projects.
Sector
Utilities
Industry
Utilities - Regulated Gas
Stock Style Box
Small Core
Total Number of Employees
1,350

Competitors

Valuation

Metric
NJR
CNP
ATO
Price/Earnings (Normalized)
17.9718.8217.85
Price/Book Value
1.961.791.50
Price/Sales
2.372.004.19
Price/Cash Flow
10.327.2910.18
Price/Earnings
NJR
CNP
ATO

Financial Strength

Metric
NJR
CNP
ATO
Quick Ratio
0.290.500.79
Current Ratio
0.700.781.44
Interest Coverage
3.182.557.90
Quick Ratio
NJR
CNP
ATO

Profitability

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%
Return on Assets
NJR
CNP
ATO
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Utilities - Regulated Gas Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
GASNF
Naturgy Energy Group SARhp$23.0 Bil
GASNY
Naturgy Energy Group SA ADRQlpwr$23.0 Bil
ATO
Atmos Energy CorpYsldg$17.0 Bil
SNMRF
Snam SpARzqzrfh$15.6 Bil
SNMRY
Snam SpA ADRVrjgvb$15.6 Bil
HOKCF
Hong Kong and China Gas Co LtdRbcpq$14.5 Bil
HOKCY
Hong Kong and China Gas Co Ltd ADRDkvnwn$14.5 Bil
NI
NiSource IncCqbljm$11.6 Bil
NFE
New Fortress Energy Inc Class ACbq$6.5 Bil

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