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NJR logo NJR
Upturn stock ratingUpturn stock rating
NJR logo

NewJersey Resources Corporation (NJR)

Upturn stock ratingUpturn stock rating
$47.09
Last Close (24-hour delay)
Profit since last BUY1.31%
upturn advisory
Consider higher Upturn Star rating
BUY since 29 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
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Upturn Advisory Summary

08/28/2025: NJR (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

8 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $53.57

1 Year Target Price $53.57

Analysts Price Target For last 52 week
$53.57 Target price
52w Low $43.5
Current$47.09
52w High $50.47

Analysis of Past Performance

Type Stock
Historic Profit -10.4%
Avg. Invested days 42
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.73B USD
Price to earnings Ratio 11.49
1Y Target Price 53.57
Price to earnings Ratio 11.49
1Y Target Price 53.57
Volume (30-day avg) 8
Beta 0.65
52 Weeks Range 43.50 - 50.47
Updated Date 08/28/2025
52 Weeks Range 43.50 - 50.47
Updated Date 08/28/2025
Dividends yield (FY) 3.80%
Basic EPS (TTM) 4.1

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2025-08-04
When -
Estimate -0.06
Actual 0.06

Profitability

Profit Margin 19.64%
Operating Margin (TTM) -7.47%

Management Effectiveness

Return on Assets (TTM) 4.97%
Return on Equity (TTM) 18.03%

Valuation

Trailing PE 11.49
Forward PE 14.99
Enterprise Value 8284856000
Price to Sales(TTM) 2.26
Enterprise Value 8284856000
Price to Sales(TTM) 2.26
Enterprise Value to Revenue 3.95
Enterprise Value to EBITDA 9.75
Shares Outstanding 100400000
Shares Floating 95751606
Shares Outstanding 100400000
Shares Floating 95751606
Percent Insiders 0.45
Percent Institutions 77.91

ai summary icon Upturn AI SWOT

NewJersey Resources Corporation

stock logo

Company Overview

overview logo History and Background

NewJersey Resources Corporation (NJR) was founded in 1952 as New Jersey Natural Gas Company. It has grown from a local gas distribution company into a diversified energy company with operations across the United States.

business area logo Core Business Areas

  • New Jersey Natural Gas: Regulated natural gas distribution serving over half a million customers in New Jersey.
  • NJR Energy Services: Wholesale energy marketing and trading, providing natural gas and electricity solutions to commercial and industrial customers.
  • NJR Clean Energy Ventures: Invests in and operates solar and onshore wind projects.
  • NJR Storage and Transportation: Natural gas storage and transportation assets.

leadership logo Leadership and Structure

NJR is led by President and CEO Steve Westhoven. The company has a traditional corporate structure with various departments overseeing its core business segments.

Top Products and Market Share

overview logo Key Offerings

  • Natural Gas Distribution: Delivery of natural gas to residential, commercial, and industrial customers in New Jersey. Market share data is specific to their service territory. Competitors include other energy providers and alternative energy sources. Cannot produce market share as this is specific to service area that NJR has sole rights.
  • Wholesale Energy Solutions: Natural gas and electricity procurement, risk management, and energy-related services for businesses. Market share varies based on region and customer segment. Competitors: Constellation Energy, Direct Energy.
  • Clean Energy Projects: Development and operation of solar and wind energy projects. Market share is growing in the renewable energy sector. Competitors: NextEra Energy Resources, AES Corporation.

Market Dynamics

industry overview logo Industry Overview

The energy industry is undergoing a transition towards cleaner energy sources while maintaining reliable and affordable energy delivery. Natural gas remains a significant part of the energy mix.

Positioning

NJR is positioned as a diversified energy company with a focus on regulated gas distribution and growing investments in clean energy. Their competitive advantage includes a strong presence in New Jersey and a focus on customer service.

Total Addressable Market (TAM)

The total addressable market for natural gas distribution and energy services is substantial, encompassing residential, commercial, and industrial customers. The TAM for renewable energy is also expanding rapidly. NJR is positioned to capture a share of both markets.

Upturn SWOT Analysis

Strengths

  • Regulated revenue stream from gas distribution
  • Diversified business model
  • Growing investments in clean energy
  • Strong customer base in New Jersey

Weaknesses

  • Dependence on regulatory approvals
  • Exposure to commodity price volatility
  • Geographic concentration in New Jersey
  • Reliance on weather-dependent energy demand

Opportunities

  • Expansion of clean energy portfolio
  • Infrastructure investments
  • Growth in energy services offerings
  • Potential acquisitions in related sectors

Threats

  • Increasing competition from alternative energy sources
  • Changes in regulations and energy policy
  • Economic downturns affecting customer demand
  • Climate change impacting infrastructure and operations

Competitors and Market Share

competitor logo Key Competitors

  • UGI (UGI)
  • Atmos Energy (ATO)
  • National Fuel Gas (NFG)

Competitive Landscape

NJR competes with other energy companies on price, service reliability, and clean energy offerings. NJR has a strong regional presence and a focus on customer satisfaction. However, they are smaller than other national players such as UGI.

Major Acquisitions

Adirondack Energy Resources

  • Year: 2018
  • Acquisition Price (USD millions): 151
  • Strategic Rationale: Expansion of NJR Energy Services' footprint in the Northeast.

Growth Trajectory and Initiatives

Historical Growth: NJR has experienced steady growth driven by population growth in its service territory and strategic investments in clean energy and energy services.

Future Projections: Analysts project continued growth for NJR, driven by increased demand for natural gas and renewable energy, as well as infrastructure investments.

Recent Initiatives: Recent initiatives include investments in solar energy projects, infrastructure upgrades for gas distribution, and expansion of energy services offerings.

Summary

NewJersey Resources is a relatively stable energy company with a regulated gas distribution business and growing renewable energy investments. Its reliance on a specific geographic region poses a risk, but the company is actively diversifying its portfolio. Strong regulations and strategic investments are working well. Key things to watch out for would be regulatory changes and increasing alternative energy adoption.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings (SEC)
  • Analyst Reports
  • Industry Publications

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual research and consultation with a financial professional.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About NewJersey Resources Corporation

Exchange NYSE
Headquaters Wall, NJ, United States
IPO Launch date 1987-12-30
President, CEO & Director Mr. Stephen D. Westhoven
Sector Utilities
Industry Utilities - Regulated Gas
Full time employees 1372
Full time employees 1372

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, and Indiana. The Energy Services segment maintains and operates natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services. The Storage and Transportation segment invests in energy-related ventures. It provides heating, ventilation, and cooling services; sales and installation of appliances; solar equipment installation, and plumbing repair and installation services, as well as holds commercial real estate properties. The company was founded in 1922 and is headquartered in Wall, New Jersey.