New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. More Details
6 star dividend payer with solid track record.
Share Price & News
How has New Jersey Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NJR's share price has been volatile over the past 3 months.
7 Day Return
US Gas Utilities
1 Year Return
US Gas Utilities
Return vs Industry: NJR underperformed the US Gas Utilities industry which returned -29.1% over the past year.
Return vs Market: NJR underperformed the US Market which returned 13.1% over the past year.
Price Volatility Vs. Market
How volatile is New Jersey Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDo Institutions Own New Jersey Resources Corporation (NYSE:NJR) Shares?
3 weeks ago | Simply Wall StEstimating The Fair Value Of New Jersey Resources Corporation (NYSE:NJR)
1 month ago | Simply Wall StDoes New Jersey Resources Corporation (NYSE:NJR) Create Value For Shareholders?
Is New Jersey Resources undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NJR ($26.28) is trading below our estimate of fair value ($28.42)
Significantly Below Fair Value: NJR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NJR is good value based on its PE Ratio (14.5x) compared to the US Gas Utilities industry average (17.9x).
PE vs Market: NJR is good value based on its PE Ratio (14.5x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: NJR is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: NJR is good value based on its PB Ratio (1.4x) compared to the US Gas Utilities industry average (1.6x).
How is New Jersey Resources forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NJR's forecast earnings growth (11.4% per year) is above the savings rate (2.2%).
Earnings vs Market: NJR's earnings (11.4% per year) are forecast to grow slower than the US market (23% per year).
High Growth Earnings: NJR's earnings are forecast to grow, but not significantly.
Revenue vs Market: NJR's revenue (7.5% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: NJR's revenue (7.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NJR's Return on Equity is forecast to be low in 3 years time (12.3%).
How has New Jersey Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NJR has high quality earnings.
Growing Profit Margin: NJR's current net profit margins (8.3%) are higher than last year (4.9%).
Past Earnings Growth Analysis
Earnings Trend: NJR's earnings have grown by 6% per year over the past 5 years.
Accelerating Growth: NJR's earnings growth over the past year (24.5%) exceeds its 5-year average (6% per year).
Earnings vs Industry: NJR earnings growth over the past year (24.5%) exceeded the Gas Utilities industry 11.6%.
Return on Equity
High ROE: NJR's Return on Equity (9.2%) is considered low.
How is New Jersey Resources's financial position?
Financial Position Analysis
Short Term Liabilities: NJR's short term assets ($521.1M) do not cover its short term liabilities ($902.3M).
Long Term Liabilities: NJR's short term assets ($521.1M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: NJR's debt to equity ratio (117.8%) is considered high.
Reducing Debt: NJR's debt to equity ratio has increased from 74.5% to 117.8% over the past 5 years.
Debt Coverage: NJR's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: NJR's interest payments on its debt are not well covered by EBIT (2.8x coverage).
What is New Jersey Resources's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NJR's dividend (5.06%) is higher than the bottom 25% of dividend payers in the US market (1.71%).
High Dividend: NJR's dividend (5.06%) is in the top 25% of dividend payers in the US market (4.89%)
Stability and Growth of Payments
Stable Dividend: NJR's dividends per share have been stable in the past 10 years.
Growing Dividend: NJR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69.1%), NJR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NJR's dividends in 3 years are forecast to be covered by earnings (57% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Westhoven (52 yo)
Mr. Stephen D. Westhoven, also known as Steve, serves as Chief Operating Officer at NJR Energy Services Company. Mr. Westhoven has been Senior Vice President at NJR Energy Services Company since September ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD2.78M) is below average for companies of similar size in the US market ($USD5.72M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.
|Senior VP & CFO||4.67yrs||US$1.50m||0.020% |
|Senior VP & General Counsel||3.5yrs||US$1.17m||0.0018% |
|Senior VP & Chief HR Officer||5.42yrs||US$1.10m||0.017% |
|VP & Chief Information Officer||4.25yrs||no data||0.012% |
|Vice President?of?Treasury & Investor Relations||1.67yrs||no data||no data|
|Executive Vice President||24.67yrs||US$1.44m||0.21% |
|Corporate Secretary & Assistant General Counsel||no data||no data||no data|
|Corporate Diversity Officer||4.5yrs||no data||no data|
|Director of Investor Relations||no data||no data||no data|
|Senior VP and COO of Non-Utility Businesses||0.50yr||no data||0.0087% |
Experienced Management: NJR's management team is considered experienced (4.3 years average tenure).
|Independent Director||16.5yrs||US$199.06k||0.012% |
|Independent Chairman||0.67yr||US$245.06k||0.0037% |
|Independent Director||0.83yr||no data||0.0014% |
|Independent Director||24.67yrs||US$233.43k||0.0031% |
|Independent Director||11yrs||US$214.06k||0.035% |
|Independent Director||3.33yrs||US$190.06k||no data|
|Independent Director||7.83yrs||US$231.94k||0.0064% |
|Independent Director||0.083yr||no data||no data|
|Independent Director||15yrs||US$208.06k||0.021% |
|Independent Director||14yrs||US$214.51k||0.017% |
|Independent Director||1.33yrs||US$124.47k||no data|
Experienced Board: NJR's board of directors are considered experienced (5.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.6%.
New Jersey Resources Corporation's company bio, employee growth, exchange listings and data sources
- Name: New Jersey Resources Corporation
- Ticker: NJR
- Exchange: NYSE
- Founded: 1922
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: US$2.544b
- Shares outstanding: 95.93m
- Website: https://www.njresources.com
Number of Employees
- New Jersey Resources Corporation
- 1415 Wyckoff Road
- New Jersey
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NJR||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1969|
|NJ1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1969|
New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/25 06:30|
|End of Day Share Price||2020/09/24 00:00|