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Tuesday, September 26, 2023

This Is Too Hot For New Jersey Resources Corporation (NYSE: NJR), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for New Jersey Resources Corporation (NJR) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $42.26. The New Jersey Resources Corporation has recorded 19,732 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that New Jersey Resources Board of Directors Increases Dividend by 7.7% to $0.42 Per Share.

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Stocks Info

As a NYSE listed company, NJR falls under the Utilities sector while operating within the Utilities – Regulated Gas industry segment. At the end of the last regular session, the stock closed at $42.26 and fluctuated between $42.41 as its day high and $41.81 as its day low. The current market capitalization of New Jersey Resources Corporation is $4.13B. A total of 0.54 million shares were traded on the day, compared to an average of 655.79K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, NJR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 29 BUYs and 34 SELLs from insiders. Insiders purchased 122,182 shares during that period but sold 55,442.

In the most recent transaction, Westhoven Stephen D sold 5,000 shares of NJR for 50.04 per share on May 12. After the transaction, the President & CEO now owns 180,372 company shares. In a previous transaction on Mar 07, Migliaccio Patrick J. sold 2,040 shares at 51.00 per share. NJR shares that Senior VP and COO, NJNG owns now total 38,129.

Among the insiders who sold shares, Migliaccio Patrick J. disposed of 3,000 shares on Nov 22 at a per-share price of $49.16. This resulted in the Senior VP and COO, NJNG holding 40,169 shares of NJR after the transaction.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. New Jersey Resources Corporation pays an annual dividend of $1.68, resulting in a dividend yield of 3.98%, and it has a price to earnings (P/E) ratio of 14.54. NJR’s most recent ex-dividend date was 9/19/2023 when it declared a $0.39 quarterly dividend that was paid in cash on 10/2/2023. Previously, the company paid the dividend on 7/3/2023 with an ex-dividend date of 6/13/2023. The NJR stock dividend was $0.39 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NJR in the last 3 months, the mean price target is $50.20 with high estimates of $60.00 and low estimates of $47.00. In terms of 52-week highs and lows, NJR has a high of $55.84 and a low of $38.07.

As of this writing, NJR has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.27. The company reported an EPS of $1.16 in the last quarter, which was -4.10% lower than expectations of $1.21.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. NJR’s latest balance sheet shows that the firm has $4.75M in Cash & Short Term Investments as of fiscal 2021. There were $2.76B in debt and $1.05B in liabilities at the time. Its Book Value Per Share was $20.53, while its Total Shareholder’s Equity was $1.63B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NJR is Buy with a score of 2.83.

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