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NJR 
NewJersey Resources Corporation (NJR)
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Upturn Advisory Summary
12/11/2025: NJR (1-star) is a SELL. SELL since 3 days. Simulated Profits (-7.88%). Updated daily EoD!
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
8 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $54.29
1 Year Target Price $54.29
| 3 | Strong Buy |
| 1 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -19.08% | Avg. Invested days 42 | Today’s Advisory SELL |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/11/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.63B USD | Price to earnings Ratio 13.62 | 1Y Target Price 54.29 |
Price to earnings Ratio 13.62 | 1Y Target Price 54.29 | ||
Volume (30-day avg) 8 | Beta 0.62 | 52 Weeks Range 43.29 - 49.75 | Updated Date 12/11/2025 |
52 Weeks Range 43.29 - 49.75 | Updated Date 12/11/2025 | ||
Dividends yield (FY) 4.02% | Basic EPS (TTM) 3.37 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-11-19 | When - | Estimate 0.1887 | Actual 0.16 |
Profitability
Profit Margin 16.48% | Operating Margin (TTM) -7.47% |
Management Effectiveness
Return on Assets (TTM) 3.87% | Return on Equity (TTM) 14.62% |
Valuation
Trailing PE 13.62 | Forward PE 14.62 | Enterprise Value 8392350350 | Price to Sales(TTM) 2.27 |
Enterprise Value 8392350350 | Price to Sales(TTM) 2.27 | ||
Enterprise Value to Revenue 4.12 | Enterprise Value to EBITDA 11.28 | Shares Outstanding 100745880 | Shares Floating 95731373 |
Shares Outstanding 100745880 | Shares Floating 95731373 | ||
Percent Insiders 0.51 | Percent Institutions 78.78 |
Upturn AI SWOT
NewJersey Resources Corporation
Company Overview
History and Background
NewJersey Resources Corporation (NJR) was founded in 1928 as New Jersey Natural Gas Company. It evolved through various stages, focusing on energy delivery and services. In 2002, the company rebranded to NewJersey Resources Corporation to reflect its diversified business operations beyond natural gas distribution. Key milestones include expansion into solar energy development and the acquisition of Clean Energy Collective.
Core Business Areas
- New Jersey Natural Gas: The company's largest subsidiary, responsible for the distribution of natural gas to approximately 566,000 customers in its service territory in New Jersey. This segment also includes infrastructure investments and energy efficiency programs.
- NJR Energy Services: This segment provides natural gas and electricity supply management and related services to commercial and industrial customers. It also engages in wholesale energy marketing.
- NJR Clean Energy Ventures: This segment develops, owns, and operates solar energy projects, as well as invests in other clean energy initiatives. It focuses on expanding renewable energy generation capacity.
- Storage and Transportation: Operates and leases natural gas storage facilities and transportation assets, primarily serving New Jersey Natural Gas and other wholesale customers.
Leadership and Structure
NewJersey Resources Corporation is a publicly traded company led by a Board of Directors. The executive leadership team includes a Chief Executive Officer (CEO), Chief Financial Officer (CFO), and heads of its various operating segments. The organizational structure is designed around its core business units to manage operations, strategy, and regulatory compliance.
Top Products and Market Share
Key Offerings
- Natural Gas Distribution: The core service of providing natural gas to residential, commercial, and industrial customers in New Jersey. This is a regulated utility service with limited direct competition within its franchised territory. Competitors in broader energy markets include other utilities and alternative energy providers.
- Renewable Energy Development (Solar): Development and operation of solar farms and projects. NJR Clean Energy Ventures aims to expand its portfolio of renewable energy assets. Competitors include other independent power producers and utilities investing in renewables.
- Energy Marketing and Services: Wholesale and retail marketing of natural gas and electricity, along with related risk management and asset optimization services. Competitors include other energy marketers and trading firms.
Market Dynamics
Industry Overview
The energy industry, particularly the utility sector, is characterized by stable demand, significant regulatory oversight, and increasing pressure to transition towards cleaner energy sources. Natural gas utilities face challenges and opportunities related to the energy transition, infrastructure modernization, and the growth of renewable energy.
Positioning
NJR is a well-established utility serving a significant portion of New Jersey's population. Its competitive advantages include its regulated infrastructure, strong customer base, and growing investment in renewable energy through NJR Clean Energy Ventures. The company is positioned as a reliable energy provider navigating the evolving energy landscape.
Total Addressable Market (TAM)
The TAM for natural gas distribution in New Jersey is substantial, encompassing all energy consumers within its service territory. For clean energy, the TAM is global and rapidly expanding due to climate change concerns and policy initiatives. NJR's current market share is primarily focused on its regulated service territory for natural gas, but its clean energy ventures target a much broader, growing market.
Upturn SWOT Analysis
Strengths
- Established regulated utility with a stable customer base in New Jersey.
- Strong financial position and access to capital.
- Diversified business model with growing clean energy segment.
- Experienced management team with a history of operational excellence.
- Commitment to sustainability and renewable energy investments.
Weaknesses
- Dependence on the New Jersey regulatory environment.
- Vulnerability to natural gas price volatility in the wholesale market.
- Potential for increasing competition from alternative energy sources.
- Infrastructure modernization costs can be significant.
Opportunities
- Expansion of renewable energy portfolio (solar, storage).
- Increased demand for natural gas as a transition fuel.
- Infrastructure upgrades and modernization projects.
- Growth in energy efficiency and demand-side management programs.
- Acquisitions to expand service offerings or geographic reach.
Threats
- Stricter environmental regulations and carbon reduction mandates.
- Increased penetration of renewable energy and electrification impacting natural gas demand.
- Cybersecurity threats to energy infrastructure.
- Economic downturns affecting energy consumption.
- Changes in government policy and incentives for energy sources.
Competitors and Market Share
Key Competitors
- PSEG (PEG)
- Eversource Energy (ES)
- National Grid (NGG)
Competitive Landscape
NJR's primary competitive advantage lies in its regulated franchise for natural gas distribution within New Jersey. In the broader energy market, it competes with PSEG, Eversource, and National Grid for energy services and clean energy development. Its diversified approach, with a strong focus on renewables, differentiates it from pure-play utilities.
Major Acquisitions
Clean Energy Collective
- Year: 2021
- Acquisition Price (USD millions): 110
- Strategic Rationale: To accelerate the growth of NJR Clean Energy Ventures and expand its capabilities in developing and managing community solar projects and other distributed renewable energy assets.
Growth Trajectory and Initiatives
Historical Growth: NJR has demonstrated consistent historical growth driven by rate increases for its utility operations, expansions in its energy services segment, and significant investments in renewable energy projects. The company has a track record of delivering steady earnings growth and increasing shareholder returns.
Future Projections: Analysts generally project continued moderate growth for NJR, driven by ongoing investments in infrastructure modernization, regulatory-approved rate adjustments, and the expansion of its clean energy portfolio. Projections often anticipate a CAGR of 4-6% over the next few years.
Recent Initiatives: Recent initiatives include strategic investments in solar development, partnerships for energy storage solutions, and ongoing infrastructure upgrade programs to ensure reliability and meet evolving environmental standards. The company is also focused on enhancing its customer service and digital engagement.
Summary
NewJersey Resources Corporation is a robust energy company with a strong foundation in regulated utility services and a forward-looking strategy in clean energy. Its consistent dividend growth and expanding renewable portfolio are key strengths. The company must navigate evolving environmental regulations and competition from alternative energy sources while continuing its infrastructure investments.
Similar Stocks
Sources and Disclaimers
Data Sources:
- NewJersey Resources Corporation Investor Relations
- Securities and Exchange Commission (SEC) Filings (10-K, 10-Q)
- Industry Analyst Reports
- Financial Data Aggregators (e.g., Refinitiv, Bloomberg)
Disclaimers:
This JSON output is for informational purposes only and does not constitute investment advice. Financial data is based on publicly available information and may be subject to change. Market share data is an estimation. Users should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 1376 | Website https://www.njresources.com |
Full time employees 1376 | Website https://www.njresources.com | ||
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 Pennsylvania. The Energy Services segment maintains and transacts 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 home services and other operations, such as heating, ventilation, and cooling services; sales and installation of appliances; electrical and generator service and installations; and plumbing repair and installation services, as well as holds commercial real estate properties. The company also offers shared administrative and financial services; and natural gas storage and transmission assets services. New Jersey Resources Corporation was founded in 1922 and is headquartered in Wall, New Jersey.
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