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
Website
CEO
Laurence Downes
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
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
News
Wells Fargo Maintains Equal-Weight on New Jersey Resources, Raises Price Target to $47
8 Aug 22
Short Interest Sector Focus: Utilities Sector
4 Aug 22
New Jersey Resources Q3 EPS $(0.04) Misses $0.06 Estimate, Sales $552.34M Beat $412.43M Estimate
4 Aug 22
Recap: New Jersey Resources Q3 Earnings
4 Aug 22
Earnings Scheduled For August 4, 2022
4 Aug 22
Press releases
New Jersey Resources Names Robert Pohlman Vice President of NJR Clean Energy Ventures and Corporate Strategy
9 Aug 22
New Jersey Resources Board of Directors Declares Quarterly Dividend
14 Jul 22
New Jersey Resources Schedules Fiscal 2022 Third-quarter Earnings Call
14 Jul 22
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
Calendar
4 Aug 22
12 Aug 22
30 Sep 22
Financial summary
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Diluted EPS |
Annual (USD) | Sep 21 | Sep 20 | Sep 19 | Sep 18 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
71.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 291 |
Opened positions | 41 |
Closed positions | 23 |
Increased positions | 105 |
Reduced positions | 91 |
13F shares | Current |
---|---|
Total value | 3.24B |
Total shares | 69.05M |
Total puts | 3.3K |
Total calls | 84.9K |
Total put/call ratio | 0.0 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 13.54M | $621.11M |
Vanguard | 10.76M | $493.33M |
STT State Street | 8.12M | $375.26M |
Wellington Management | 3.2M | $146.9M |
Dimensional Fund Advisors | 2.79M | $127.88M |
WFC Wells Fargo & Co. | 2.58M | $118.52M |
Geode Capital Management | 1.69M | $77.62M |
BK Bank Of New York Mellon | 1.57M | $71.9M |
First Trust Advisors | 1.46M | $66.73M |
Massachusetts Financial Services | 1.43M | $65.36M |
Content analysis
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Readability |
H.S. freshman Avg
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New words:
geopolitical, Howell, inflationary, LNG
Removed:
low, moderate
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
4 Aug 22
8-K
Entry into a Material Definitive Agreement
27 Jun 22
8-K
Departure of Directors or Certain Officers
13 Jun 22
8-K
Entry into a Material Definitive Agreement
1 Jun 22
8-K
New Jersey Resources Reports Second-quarter Fiscal 2022 Results and Increases Net Financial Earnings Guidance for Fiscal 2022
5 May 22
8-K
Entry into a Material Definitive Agreement
10 Feb 22
8-K
New Jersey Resources Reports First-quarter Fiscal 2022 Results
3 Feb 22
8-K
Departure of Directors or Certain Officers
31 Jan 22
8-K
New Jersey Resources Announces Executive Promotions
8 Dec 21
8-K
New Jersey Resources Reports Fourth-quarter and Fiscal 2021 Results
18 Nov 21
Registration and prospectus
S-3ASR
Automatic shelf registration
28 Sep 21
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
24 Jan 17
S-3ASR
Automatic shelf registration
13 Dec 15
S-3ASR
Automatic shelf registration
24 Jan 13
S-8
Registration of securities for employees
27 Jan 10
Proxies
DEFA14A
Additional proxy soliciting materials
16 Dec 21
DEFA14A
Additional proxy soliciting materials
11 Dec 20
DEFA14A
Additional proxy soliciting materials
12 Dec 19
DEFA14A
Additional proxy soliciting materials
13 Dec 18
DEF 14A
Definitive proxy
13 Dec 17
DEFA14A
Additional proxy soliciting materials
13 Dec 17
Other
UPLOAD
Letter from SEC
18 Apr 22
CORRESP
Correspondence with SEC
10 Apr 22
UPLOAD
Letter from SEC
9 Mar 22
UPLOAD
Letter from SEC
25 Apr 16
CORRESP
Correspondence with SEC
18 Apr 16
UPLOAD
Letter from SEC
11 Apr 16
CORRESP
Correspondence with SEC
31 Mar 16
UPLOAD
Letter from SEC
22 Mar 16
CORRESP
Correspondence with SEC
20 Mar 16
UPLOAD
Letter from SEC
8 Mar 16
Ownership
11-K
Annual report of employee stock purchases
29 Jun 22
4
NEW JERSEY RESOURCES / Patrick J. Migliaccio ownership change
23 May 22
4
NEW JERSEY RESOURCES / Roberto Bel ownership change
4 Apr 22
SC 13G/A
NEW JERSEY RESOURCES / STATE STREET ownership change
11 Feb 22
SC 13G/A
NEW JERSEY RESOURCES / VANGUARD ownership change
9 Feb 22
4
NEW JERSEY RESOURCES / Gregory E Aliff ownership change
28 Jan 22
4
NEW JERSEY RESOURCES / DONALD L CORRELL ownership change
28 Jan 22
4
NEW JERSEY RESOURCES / GEORGE R ZOFFINGER ownership change
28 Jan 22
4
NEW JERSEY RESOURCES / Robert B Evans ownership change
28 Jan 22
4
NEW JERSEY RESOURCES / SHARON C TAYLOR ownership change
28 Jan 22
Transcripts
2022 Q2
Earnings call transcript
7 May 22
2022 Q1
Earnings call transcript
3 Feb 22
2021 Q4
Earnings call transcript
18 Nov 21
2021 Q3
Earnings call transcript
8 Aug 21
2021 Q2
Earnings call transcript
9 May 21
2021 Q1
Earnings call transcript
5 Feb 21
2020 Q3
Earnings call transcript
8 Aug 20
2020 Q2
Earnings call transcript
8 May 20
2020 Q1
Earnings call transcript
7 Feb 20
2019 Q4
Earnings call transcript
19 Nov 19
Reddit threads
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - June 14th, 2022
14 Jun 22
Daily Discussion Thread - June 13th, 2022
13 Jun 22
Daily Discussion Thread - May 5th, 2022
5 May 22
Daily Discussion Thread - May 4th, 2022
4 May 22
Daily Discussion Thread - March 15th, 2022
15 Mar 22
Daily Discussion Thread - March 14th, 2022
14 Mar 22
Where are people putting their cash?
22 Feb 22
Top 3 Dividend Stocks to Own - 25 Years from Retirement
10 Feb 22
Daily Discussion Thread - February 3rd, 2022
3 Feb 22