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Upturn AI Summary - About
NewJersey Resources Corporation(NJR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for NJR
10/23/2026: NJR (1-star) is currently NOT-A-BUY. Pass it for now.
New Jersey Resources Corporation is a regulated utility holding company primarily focused on natural gas distribution in New Jersey, supplemented by a growing clean energy segment. The company is well-regarded by income-focused investors for its consistent, long-term history of dividend growth supported by a stable, regulated utility rate base. Its primary growth strategy involves expanding solar energy assets and modernizing critical gas infrastructure. However, the company faces risks from geographic concentration, seasonal weather dependence, and potential shifts in energy policy that could challenge natural gas demand. Investors should monitor regulatory rate case outcomes and the successful scaling of renewable energy investments as key indicators of future performance.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | NJR offers steady, predictable growth rather than high-octane capital appreciation. |
| Momentum investor | Weak fit | Utility stocks typically lack the volatility and rapid price action preferred by momentum traders. |
| Value investor | Strong fit while signal remains positive | The company often trades at valuations consistent with utility peers, providing value through yield and long-term stability. |
| Dividend investor | Strong fit | NJR is a well-regarded dividend payer with a long history of annual payout increases. |
| Low-risk investor | Strong fit | The regulated nature of the primary business provides high predictability and lower beta compared to the broader market. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Low | Utilities are generally less volatile than the broader market due to their regulated nature. |
| Valuation risk | Medium | Utility stocks can be sensitive to interest rate changes which influence valuation premiums. |
| Competition risk (utility regulation) | Low | Regulated utilities operate as monopolies in their service territories, insulating them from direct competition. |
| Business quality | Strong | The core utility business provides a high-quality, essential service with protected revenue streams. |
| Dividend income | Low / none | The dividend history is highly stable and represents a core component of the investment thesis. |
| Execution risk | Medium | Successful growth depends on regulatory approval for rate increases and project execution in the solar segment. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit -9.93% | Avg. Invested days 47 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.39B USD | Price to earnings Ratio 14.73 | 1Y Target Price 59.71 |
Price to earnings Ratio 14.73 | 1Y Target Price 59.71 | ||
Volume (30-day avg) 751.6K shares | Beta 0.5 | 52 Weeks Range 41.86 - 60.28 | Updated Date 10/24/2026 |
52 Weeks Range 41.86 - 60.28 | Updated Date 10/24/2026 | ||
Dividends yield (FY) 3.54% | Basic EPS (TTM) 3.61 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Natural Gas Distribution | Regulated delivery of natural gas to residential and commercial customers in New Jersey. | This is the 'cash cow' providing stable, predictable income. |
| Clean Energy Ventures | Development and operation of solar assets. | This is a growth driver focusing on the renewable energy transition. |
| Geography (New Jersey) | Primarily the New Jersey market. | Performance is highly tied to New Jersey regulatory decisions and state weather. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 14.73 | Forward PE 14.86 | Enterprise Value 9.20B | Price to Sales(TTM) 2.42 |
Enterprise Value 9.20B | Price to Sales(TTM) 2.42 | ||
Enterprise Value to Revenue 4.12 | Enterprise Value to EBITDA 11.45 | Shares Outstanding 101.47M | Shares Floating 100.86M |
Shares Outstanding 101.47M | Shares Floating 100.86M | ||
Percent Insiders 0.48 | Percent Institutions 81.74 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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