NJR New Jersey Resources Corp.
New Jersey Resources Corp. is a holding company. The firm provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. It operates through the following segments: New Jersey Natural Gas, NJR Clean Energy Ventures, NJR Energy Services, NJR Midstream, and NJR Home Services. The New Jersey Natural Gas segment provides regulated retail natural gas service to residential and commercial customers in central and northern New Jersey. The NJR Clean Energy Ventures segment invests in, owns and operates solar projects. The NJR Energy Services segment manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services in the U.S. and Canada. The NJR Midstream segment serves customers from local distributors and producers to electric generators and wholesale marketers. The NJR Home Services segment provides heating, ventilation and cooling service, sales and installation of appliances services to its customers, as well as solar installation projects, and is the primary contributor to home services. The company was founded in 1981 and is headquartered in Wall, NJ.
Company profile
Ticker
NJR
Exchange
Website
CEO
Stephen D. Westhoven
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
222376465
NJR stock data
()
Calendar
11 May 20
10 Jul 20
30 Sep 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 303.4M | 252.13M | 104.25M | 136.77M | |
| Net income | 88.51M | 89.36M | 18.09M | -8.4M | |
| Diluted EPS | 0.92 | 0.97 | 0.2 | -0.09 | |
| Net profit margin | 29.17% | 35.44% | 17.35% | -6.14% | |
| Operating income | 95.22M | 101.5M | -7.79M | -4.02M | |
| Net change in cash | 10.3M | 12.99M | -23.62M | -56.86M | |
| Cash on hand | 25.97M | 15.67M | 2.68M | 26.3M | |
| Cost of revenue | 289.76M |
| Annual (USD) | Sep 19 | Sep 18 | Sep 17 | Sep 16 | |
|---|---|---|---|---|---|
| Revenue | 782.33M | 2.92B | 2.27B | 1.88B | |
| Net income | 169.51M | 233.44M | 132.07M | 131.67M | |
| Diluted EPS | 1.89 | 2.64 | 1.52 | 1.52 | |
| Net profit margin | 21.67% | 8.01% | 5.82% | 7.00% | |
| Operating income | 153.94M | 199.88M | 171.22M | 167.54M | |
| Net change in cash | 1.22M | -768K | -35.32M | 32.62M | |
| Cash on hand | 2.68M | 1.46M | 2.23M | 37.55M | |
| Cost of revenue | 1.99B | 1.44B | 1.14B |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 14 May 20 | Howard M William JR | Common Stock | Option exercise | Aquire M | No | 0 | 3,021 | 0 | 19,734.189 |
| 14 May 20 | Howard M William JR | Phantom Stock Units Common Stock | Option exercise | Dispose M | No | 0 | 3,021 | 0 | 11,553.585 |
| 17 Mar 20 | Correll Donald L | Common Stock | Sell | Dispose S | No | 26.7627 | 10,000 | 267.63K | 3,558.098 |
| 21 Feb 20 | Patrick J. Migliaccio | Common Stock | Sell | Dispose S | No | 43.3 | 3,503 | 151.68K | 34,057.106 |
| 22 Jan 20 | George R Zoffinger | RSU Common Stock | Grant | Aquire A | No | 0 | 2,529.317 | 0 | 2,529.317 |
Institutional ownership Q1 2020
70.3% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 242 |
| Opened positions | 21 |
| Closed positions | 65 |
| Increased positions | 103 |
| Reduced positions | 68 |
13F shares |
Current |
|---|---|
| Total value | 10B |
| Total shares | 67.24M |
| Total puts | 5K |
| Total calls | 0 |
| Total put/call ratio | Infinity |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 14.18M | $481.7M |
| Vanguard | 10.6M | $360.18M |
| STT State Street | 8.41M | $288.38M |
| NTRS Northern Trust | 2.03M | $68.8M |
| Dimensional Fund Advisors | 1.82M | $61.81M |
| WFC Wells Fargo & Company | 1.69M | $57.53M |
| FMR | 1.51M | $51.29M |
| Geode Capital Management | 1.39M | $47.18M |
| First Trust Advisors | 1.27M | $43.02M |
| Massachusetts Financial Services | 1.25M | $42.59M |
Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
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New words:
AA, age, aimed, apportionment, assembled, assistance, Beneficiary, Cadillac, calendar, cancellation, chain, charitable, clarification, confirm, consecutive, coverage, curve, declared, deducted, deductibility, Disease, disrupted, disruption, downstream, economy, emergency, essential, evolved, evolving, exacerbation, exceeded, excise, fluid, frozen, global, globally, hired, imposed, insignificant, instituted, labor, largest, lead, local, medical, nearest, necessitate, negotiated, noncontributory, nonpayment, nonqualified, nonrepresented, OASDI, OCI, Organization, outbreak, pandemic, paragraph, PEP, Prevention, proactive, prolonged, proportion, rapidly, remote, repeal, resume, retention, safety, shutoff, situation, spending, sponsor, spot, spread, suffered, suspend, suspension, therefrom, travel, unchanged, unfunded, unpredictable, Voluntary, warmer, World, yield
Removed:
deregulated, fewer, narrower, wholly
Financial reports
10-Q
2020 Q2
Quarterly report
11 May 20
10-Q
2020 Q1
Quarterly report
6 Feb 20
10-K
2019 FY
Annual report
22 Nov 19
10-Q
2019 Q3
Quarterly report
6 Aug 19
10-Q
2019 Q2
Quarterly report
3 May 19
10-Q
2019 Q1
Quarterly report
6 Feb 19
10-K
2018 FY
Annual report
20 Nov 18
10-Q
2018 Q3
Quarterly report
7 Aug 18
10-Q
2018 Q2
Quarterly report
4 May 18
10-Q
2018 Q1
Quarterly report
8 Feb 18
Current reports
8-K
Entry into a Material Definitive Agreement
2 Jul 20
8-K
Entry into a Material Definitive Agreement
18 May 20
8-K
New Jersey Resources Reports Second Quarter Fiscal 2020 Results
8 May 20
8-K
Entry into a Material Definitive Agreement
27 Apr 20
8-K
Entry into a Material Definitive Agreement
30 Mar 20
8-K
New Jersey Resources Reports First Quarter Fiscal 2020 Results
6 Feb 20
8-K
Entry into a Material Definitive Agreement
23 Jan 20
8-K
Regulation FD Disclosure
22 Jan 20
8-K
Entry into a Material Definitive Agreement
16 Dec 19
8-K
NJR Announces Public Offering of Common Stock
9 Dec 19
Registration and prospectus
424B2
Prospectus for primary offering
5 Dec 19
424B5
Prospectus supplement for primary offering
4 Dec 19
S-3ASR
Automatic shelf registration
4 Dec 19
S-3ASR
Automatic shelf registration
28 Sep 18
424B3
Prospectus supplement
17 Aug 18
S-8
Registration of securities for employees
25 Jan 17
S-3ASR
Automatic shelf registration
14 Dec 15
S-3ASR
Automatic shelf registration
25 Jan 13
S-8
Registration of securities for employees
28 Jan 10
S-8
Registration of securities for employees
31 Jan 07
Proxies
DEFA14A
Additional proxy soliciting materials
12 Dec 19
DEF 14A
Definitive proxy
12 Dec 19
DEFA14A
Additional proxy soliciting materials
13 Dec 18
DEF 14A
Definitive proxy
13 Dec 18
DEF 14A
Definitive proxy
14 Dec 17
DEFA14A
Additional proxy soliciting materials
14 Dec 17
DEF 14A
Definitive proxy
15 Dec 16
DEFA14A
Additional proxy soliciting materials
15 Dec 16
DEF 14A
Definitive proxy
11 Dec 15
DEFA14A
Additional proxy soliciting materials
11 Dec 15
Other
UPLOAD
Letter from SEC
26 Apr 16
CORRESP
Correspondence with SEC
19 Apr 16
UPLOAD
Letter from SEC
12 Apr 16
CORRESP
Correspondence with SEC
1 Apr 16
UPLOAD
Letter from SEC
23 Mar 16
CORRESP
Correspondence with SEC
21 Mar 16
UPLOAD
Letter from SEC
9 Mar 16
UPLOAD
Letter from SEC
10 Mar 14
CORRESP
Correspondence with SEC
28 Feb 14
UPLOAD
Letter from SEC
18 Feb 14
Ownership
4
NEW JERSEY RESOURCES / M WILLIAM HOWARD JR ownership change
15 May 20
3
NEW JERSEY RESOURCES / Amy Cradic ownership change
20 Mar 20
4
NEW JERSEY RESOURCES / DONALD L CORRELL ownership change
19 Mar 20
4
NEW JERSEY RESOURCES / Patrick J. Migliaccio ownership change
24 Feb 20
SC 13G
Beneficial ownership report
14 Feb 20
SC 13G/A
Beneficial ownership report (amended)
12 Feb 20
SC 13G/A
New Jersey Resources Corp
4 Feb 20
3
NEW JERSEY RESOURCES / CRAIG A LYNCH ownership change
31 Jan 20
3
NEW JERSEY RESOURCES / Timothy F. Shea ownership change
31 Jan 20
3
NEW JERSEY RESOURCES / Mark F. Valori ownership change
31 Jan 20