New Jersey Resources (NJR)

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses: New Jersey Natural Gas, NJR's principal subsidiary, operates and maintains over 7,500 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey's Monmouth, Ocean, Morris, Middlesex and Burlington counties. Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 350 megawatts, providing residential and commercial customers with low-carbon solutions. Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America. Storage & Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline Project, as well as our 50 percent equity ownership in the Steckman Ridge natural gas storage facility, and our 20 percent equity interest in the PennEast Pipeline Project. Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey. NJR and its more than 1,100 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®.

Company profile

Ticker

NJR

Exchange

NYSE

Website

www.njresources.com

CEO

Laurence Downes

Incorporated

New Jersey

Location

New Jersey

Fiscal year end

Sep 30

Sector

Utilities > Natural Gas Distribution

Industry (SIC)

Natural Gas Distribution

Atmos Energy • National Fuel Gas • Piedmont Natural Gas • Washington Gas Light • ONE Gas • Northwest Natural Holding • Northwest Natural Holding • South Jersey Industries • Cheniere Energy Partners • Spire ...

SEC CIK

0000356309

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

New Jersey Natural Gas Company • NJR Service Corporation • NJR Energy Services Company • NJR Clean Energy Ventures Corporation • NJR Clean Energy • Bernards Solar, LLC • AR Solar, LLC • CleanLight Energy, LLC • CP East Hampton Solar I, LLC • CP East Hampton Solar II, LLC ...

IRS number

222376465

NJR stock data

1M 1Y 5Y

News

From Benzinga Pro

Wells Fargo Maintains Equal-Weight on New Jersey Resources, Raises Price Target to $47

8 Aug 22

Wells Fargo analyst Sarah Akers maintains New Jersey Resources (NYSE:NJR) with a Equal-Weight and raises the price target from $45 to $47.

Short Interest Sector Focus: Utilities Sector

4 Aug 22

As of the close of business on Wednesday, 8/3, we captured the Top 10 Highest Short Interest % stocks within the Utilities Sector. The average short interest for stocks within the Utilities sector stands at 1.92%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.

New Jersey Resources Q3 EPS $(0.04) Misses $0.06 Estimate, Sales $552.34M Beat $412.43M Estimate

4 Aug 22

New Jersey Resources (NYSE:NJR) reported quarterly losses of $(0.04) per share which missed the analyst consensus estimate of $0.06 by 166.67 percent. This is a 73.33 percent increase over losses of $(0.15) per share

Recap: New Jersey Resources Q3 Earnings

4 Aug 22

Earnings Scheduled For August 4, 2022

4 Aug 22

Press releases

From Benzinga Pro

New Jersey Resources Names Robert Pohlman Vice President of NJR Clean Energy Ventures and Corporate Strategy

9 Aug 22

New Jersey Resources (NYSE:NJR) today announced Robert Pohlman has been named Vice President of NJR Clean Energy Ventures (CEV) and Corporate Strategy effective immediately. Mr. Pohlman will be responsible for leading

New Jersey Resources Board of Directors Declares Quarterly Dividend

14 Jul 22

The board of directors of New Jersey Resources Corporation (NYSE:NJR) (the "Company" or "NJR") unanimously declared a quarterly dividend on its common stock of $0.3625 per share. The dividend will be payable on October

New Jersey Resources Schedules Fiscal 2022 Third-quarter Earnings Call

14 Jul 22

New Jersey Resources (NYSE:NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2022 third-quarter earnings results on Thursday,

New Jersey Resources Celebrates 40th Anniversary of Listing on the New York Stock Exchange

12 Jul 22

New Jersey Resources Appoints New Corporate Secretary

6 Jun 22

Analyst ratings and price targets

Last 3 months

Calendar

4 Aug 22

12 Aug 22

30 Sep 22

Financial summary

Financial statements Chart NJR financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Sep 21	Sep 20	Sep 19	Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	27.99M	27.99M	27.99M	27.99M	27.99M	27.99M
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	(no burn)	31.53M	(no burn)
Cash used (since last report)	n/a	n/a	n/a	n/a	45.77M	n/a
Cash remaining	n/a	n/a	n/a	n/a	-17.78M	n/a
Runway (months of cash)	n/a	n/a	n/a	n/a	-0.6	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

NJR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
19 May 22	Patrick J. Migliaccio	Common Stock	Sell	Dispose S	No	No	45.25	2,690	121.72K	36,015.636
1 Apr 22	Roberto Bel	Common Stock	Payment of exercise	Dispose F	No	No	47.17	1,172	55.28K	12,802
26 Jan 22	Jane M Kenny	RSU Common Stock	Grant	Acquire A	No	No	39.09	2,941.929	115K	2,941.929
26 Jan 22	Thomas C OConnor	RSU Common Stock	Grant	Acquire A	No	No	39.09	2,941.929	115K	2,941.929
26 Jan 22	David A Trice	RSU Common Stock	Grant	Acquire A	No	No	39.09	2,941.929	115K	2,941.929

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

NJR institutional ownership history Ownership history

71.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	291	273	+6.6%
Opened positions	41	56	-26.8%
Closed positions	23	35	-34.3%
Increased positions	105	106	-0.9%
Reduced positions	91	65	+40.0%

13F shares	Current	Prev Q	Change
Total value	3.24B	2.9B	+11.6%
Total shares	69.05M	69.1M	-0.1%
Total puts	3.3K	3.4K	-2.9%
Total calls	84.9K	42.6K	+99.3%
Total put/call ratio	0.0	0.1	-51.3%

Largest owners	Shares	Value	Change
BLK Blackrock	13.54M	$621.11M	+0.0%
Vanguard	10.76M	$493.33M	+1.0%
STT State Street	8.12M	$375.26M	-8.6%
Wellington Management	3.2M	$146.9M	+22.6%
Dimensional Fund Advisors	2.79M	$127.88M	+1.9%
WFC Wells Fargo & Co.	2.58M	$118.52M	-1.7%
Geode Capital Management	1.69M	$77.62M	+3.3%
BK Bank Of New York Mellon	1.57M	$71.9M	+0.5%
First Trust Advisors	1.46M	$66.73M	-9.0%
Massachusetts Financial Services	1.43M	$65.36M	+2.0%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0	-771.84K	EXIT
STT State Street	8.12M	-766.75K	-8.6%
Wellington Management	3.2M	+589.75K	+22.6%
BAM Brookfield Asset Management	0	-390.82K	EXIT
IVZ Invesco	602.01K	+362.28K	+151.1%
Energy Income Partners	914.47K	+193.86K	+26.9%
Renaissance Technologies	217.5K	+178.1K	+452.0%
MS Morgan Stanley	208.07K	-161.48K	-43.7%
Millennium Management	442.67K	-158.21K	-26.3%
Ergoteles	148.25K	+148.25K	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.