NewJersey Resources Corporation

Valuation Analysis

About the Company

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to residential and commercial customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, Indiana, and Penn

NewJersey Resources Corporation Stock at a Glance

NewJersey Resources Corporation (NJR) is currently trading at $55.09 with a market capitalization of $5.6B. The trailing P/E ratio stands at 16.35x, with a forward P/E of 15.96x. The 52-week range spans from $43.46 to $58.57; the current price is 5.9% below the yearly high. Year-over-year revenue growth stands at +2.9%. The net profit margin stands at 15.67%.

💰 Dividend

NewJersey Resources Corporation pays an annual dividend of $1.90 per share, representing a yield of 3.45%. The payout ratio stands at 55.64%.

📊 Analyst Rating

7 analysts rate NewJersey Resources Corporation (NJR) on consensus: Buy. The average price target is $60.14, implying +9.17% from the current price. Analyst price targets range from $53.00 to $63.00.

NewJersey Resources Corporation: The Investment Case in Detail

NewJersey Resources Corporation (NJR) operates in the Utilities — specifically Utilities - Regulated Gas — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Our valuation screen flags the stock as undervalued relative to its fundamentals — multiples are running below where the cash flow profile would normally justify.

The Bear Case

Revenue growth has slowed to just 2.9%, which is below nominal GDP — the business is no longer outgrowing the broader economy.

What to Watch Next

• The dividend yield near 3.45% combined with a payout ratio of 55.64% leaves room for further hikes — a track record of consecutive raises is a strong income signal.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price shows short-term weakness (below 50d MA) but is still in a longer-term uptrend (above 200d MA).

Risk Profile

The data points to relatively defensive market behavior, higher leverage relative to equity.

Trading Data

💵 Dividend Info

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