New Jersey Resources Corporation (NJR)

In the past six months, New Jersey Resources Corp. (NJR) stock has seen a decrease. The company announced a quarterly dividend increase, paid on October 1, 2025, from $0.45 to $0.475 per share, marking the 30th consecutive year of dividend increases. On August 4, 2025, NJR reported Q3 2025 earnings per share (EPS) of $0.06, surpassing analyst estimates. Following the Q3 results, management narrowed its guidance for fiscal 2025 net financial earnings per share (NFEPS) to a range of $3.20 to $3.30. Wall Street Zen upgraded NJR's stock from a "sell" to a "hold" rating, Weiss Ratings reiterated a "hold (c)" rating, and Raymond James Financial reaffirmed an "outperform" rating and raised its price objective to $50.00. Several institutional investors have adjusted their holdings.

Demand for New Jersey Resources Corp.'s natural gas products and services exhibits clear seasonality, primarily driven by weather conditions. The largest peak in natural gas consumption occurs during the winter months due to increased demand for space heating. A secondary, smaller peak in demand occurs in the summer due to increased electricity usage for air conditioning. To manage these seasonal fluctuations, natural gas is stored, with storage levels typically highest between the end of October and mid-November and lowest at the end of winter. Injections into storage generally occur between April and October, while withdrawals happen between November and March.

New Jersey Resources Corp. (NJR) is a diversified energy services company established in 1952, operating primarily in the Regulated Gas industry. Its business model focuses on integrated energy solutions with an emphasis on sustainability and customer satisfaction. The company operates through several core business segments, including Natural Gas Distribution managed by New Jersey Natural Gas (NJNG), which provides regulated natural gas utility services to over half a million customers. Clean Energy Ventures (CEV) invests in renewable energy projects, particularly solar installations. NJR Energy Services provides wholesale energy management services across North America. The Storage & Transportation segment invests in natural gas pipelines and storage facilities. NJR Home Services offers home comfort solutions to residential homes.

New Jersey Natural Gas (NJNG) serves customers in central and northern New Jersey, specifically in Monmouth, Ocean, Morris, Middlesex, Sussex, and Burlington counties. NJR Clean Energy Ventures develops and operates solar installations across the United States, including New Jersey, Rhode Island, New York, Connecticut, Michigan, and Indiana. NJR Energy Services provides wholesale energy management services to customers throughout North America, with pipeline capacity and natural gas storage facilities strategically located across the Gulf Coast, Eastern Seaboard, Southwest, Mid-continent, and Eastern Canada. NJR Home Services provides services to residential customers throughout New Jersey.

New Jersey Resources is a Fortune 1000 company committed to sustainable business practices and customer satisfaction, emphasizing safe and reliable natural gas and clean energy services. There were no specific events negatively impacting NJR's brand reputation in the past year mentioned in the provided search results. The company actively promotes conservation and efficiency through initiatives like Conserve to Preserve® and SAVEGREEN®.

New Jersey Resources (NJR) is predominantly owned by institutional shareholders, who hold approximately 75.98% to 78.18% of the company's stock. Retail investors own about 22.09%, and New Jersey Resources insiders hold around 1.93% to 0.45%. Major institutional owners include BlackRock Inc., Vanguard Group Inc., State Street Corp., Dimensional Fund Advisors LP, and Wells Fargo Company. The largest individual shareholder is Laurence M. Downes.