New Jersey Resources Corporation (NJR)

In the past six months, New Jersey Resources Corp. reported strong fiscal 2025 fourth-quarter earnings, beating revenue estimates, which led to a stock price increase. NJR also declared a quarterly dividend of $0.475 per share. Analysts from Mizuho have upgraded New Jersey Resources, citing strong fundamentals and attractive valuation. The stock has also broken above its 200-day moving average, which can be a bullish indicator. Over the last six months, the stock price has gained 2.80%. However, there has also been an increase in short interest in the company's stock by 23.4%, and insider selling has been observed.

Demand for New Jersey Resources Corp.'s natural gas products and services exhibits clear seasonality, primarily driven by weather patterns. The largest peak in demand occurs during the winter months due to increased need for natural gas for space heating. A second, smaller peak in demand occurs in the summer months due to increased electricity generation to meet air conditioning demand. Demand for natural gas drops significantly during the spring and fall, resulting in reduced heating or cooling needs and consequently lower overall consumption.

New Jersey Resources Corporation (NJR) is an energy services holding company primarily engaged in the distribution of natural gas through its regulated utility, New Jersey Natural Gas Company (NJNG). The company operates within the Utilities sector, specifically in the Natural Gas Distribution and Oil/Gas Transmission industries. NJR provides regulated natural gas utility services to residential, commercial, and industrial customers through New Jersey Natural Gas. The company invests in, owns, and operates solar projects through Clean Energy Ventures (CEV), providing low-carbon solutions. NJR Energy Services manages a portfolio of natural gas transportation and storage assets, offering physical natural gas services and customized energy solutions across North America. The company includes investments in natural gas storage and transportation markets, such as the Leaf River Energy Center and the Adelphia Gateway Pipeline, and a 50% equity ownership in the Steckman Ridge natural gas storage facility. NJR Home Services provides service contracts and installations for heating, central air conditioning, water heaters, standby generators, and other indoor and outdoor comfort products.

New Jersey Natural Gas serves approximately 570,000 to 600,000 customers in central and northern New Jersey, specifically across Monmouth, Ocean, Morris, Middlesex, Sussex, and Burlington counties. NJR's Energy Services business provides wholesale energy management services to natural gas producers and other energy companies in New Jersey and a number of other states, operating across North America. The Clean Energy Ventures segment has solar projects in multiple states, including New Jersey, Rhode Island, New York, Connecticut, Michigan, Indiana, and Pennsylvania.

New Jersey Resources Corp. generally maintains a positive brand reputation, largely stemming from its core business of providing safe and reliable natural gas services and its increasing focus on clean energy solutions. The company emphasizes operational excellence, customer satisfaction, and environmental stewardship. NJR's Clean Energy Ventures segment contributes to a cleaner energy future and enhances its reputation in sustainability. The company's commitment to investing in energy efficiency programs like SAVEGREEN also positively impacts its image.

New Jersey Resources Corp. is predominantly owned by institutional shareholders, who collectively hold between 72% and 77% of the company's shares. Retail investors hold approximately 22.94% of the company, and individual insiders own less than 1% of the company's shares, specifically around 0.558%. BlackRock, Inc. is the largest individual shareholder, owning approximately 17.58% to 18% of NJR shares. Vanguard Group Inc. holds about 10.94% to 12% of the company's stock. State Street Corp possesses roughly 4.89% to 5.3% of New Jersey Resources' shares. Dimensional Fund Advisors LP owns approximately 3.54% of the shares. Wells Fargo & Company holds about 2.71% of the shares. Geode Capital Management LLC owns approximately 2.60% of the shares. The top 13 to 14 institutional investors collectively manage over 51% of the company's equity.