Mizuho reiterated coverage on New Jersey Resources with a new price target
$NJR
Oil/Gas Transmission
Utilities
Mizuho reiterated coverage of New Jersey Resources with a rating of Buy and set a new price target of $40.00 from $38.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/21/2023 | $44.00 → $46.00 | Underweight → Neutral | JP Morgan |
| 9/9/2022 | $47.00 → $46.00 | Neutral → Underweight | JP Morgan |
| 1/5/2022 | $42.00 | Buy → Neutral | Mizuho |
| 6/25/2021 | $39.00 | Neutral → Underperform | BofA Securities |
8-K - NEW JERSEY RESOURCES CORP (0000356309) (Filer)
8-K - NEW JERSEY RESOURCES CORP (0000356309) (Filer)
8-K - NEW JERSEY RESOURCES CORP (0000356309) (Filer)
4 - NEW JERSEY RESOURCES CORP (0000356309) (Issuer)
4 - NEW JERSEY RESOURCES CORP (0000356309) (Issuer)
4 - NEW JERSEY RESOURCES CORP (0000356309) (Issuer)
New Jersey Natural Gas (NJNG) today received approval from the New Jersey Board of Public Utilities on the settlement of its base rate case resulting in a $157 million increase to its base rates. NJNG requested the increase to recover costs associated with the company's infrastructure investments, system enhancements and the overall operation of its business. "This is a reasonable, fair settlement that recognizes the value of the approximately $850 million of investments New Jersey Natural Gas has made in its operations and system since 2021," said Steve Westhoven, President and CEO of New Jersey Natural Gas. "These investments have significantly enhanced the reliability of our delivery s
The board of directors (the "Board") of New Jersey Resources Corporation (NYSE:NJR) unanimously declared a quarterly dividend on its common stock of $0.45 per share. The dividend will be payable on January 2, 2025, to shareowners of record as of December 11, 2024. NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the dividend every year for the last 29 years. About New Jersey Resources 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 bus
Energy-efficiency solutions include innovative technologies and enhanced opportunities for residential and commercial customers to achieve emissions reduction. New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE:NJR), today received approval from the New Jersey Board of Public Utilities (BPU) for the next generation of its SAVEGREEN® program. The expanded solutions underscore NJNG's commitment to advancing energy-efficiency opportunities and pursuing new, cleaner energy technologies to help customers reduce their energy usage and lower their energy bills. This program cycle is scheduled to go into effect January 1, 2025, and continue through June 30, 2027,
iscal 2024 NFE Guidance: NJR re-affirmed its fiscal 2024 NFEPS guidance range of $2.85 to $3.00, which was increased by $0.15 in February 2024, subject to the risks and uncertainties identified below under "Forward-Looking Statements." In fiscal 2024, NJR expects Energy Services will represent a higher percentage of NFEPS than in prior years due to contributions from the Asset Management Agreements signed in 2020*. The following chart represents NJR's current expected contributions from its business segments for fiscal 2024: Company Expected Fiscal 2024 Net Financial Earnings Contribution New Jersey Natural Gas 40 to 45 pe
New Jersey Resources (NYSE:NJR) reported quarterly earnings of $1.41 per share which beat the analyst consensus estimate of $1.33 by 6.02 percent. This is a 21.55 percent increase over earnings of $1.16 per share from the same period last year. The company reported quarterly sales of $657.913 million which missed the analyst consensus estimate of $670.000 million by 1.80 percent. This is a 2.16 percent increase over sales of $644.027 million the same period last year.
Fiscal 2024 NFE Guidance: NJR is raising its fiscal 2024 NFEPS guidance range by $0.15 to a range of $2.85 to $3.00, subject to the risks and uncertainties identified below under "Forward-Looking Statements." In fiscal 2024, NJR expects Energy Services will represent a higher percentage of NFEPS than in prior years due to contributions from the Asset Management Agreements signed in 2020. The following chart represents NJR's current expected contributions from its business segments for fiscal 2024: Company Expected Fiscal 2024 Net Financial Earnings Contribution New Jersey Natural Gas 40 to 45 percent Clean Energy Venture
The board of directors (the "Board") of New Jersey Resources Corporation (NYSE:NJR) unanimously declared a quarterly dividend on its common stock of $0.45 per share. The dividend will be payable on January 2, 2025, to shareowners of record as of December 11, 2024. NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the dividend every year for the last 29 years. About New Jersey Resources 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 bus
The board of directors (the "Board") of New Jersey Resources Corporation (NYSE:NJR) unanimously approved a 7.1 percent increase in the quarterly dividend rate to $0.45 per share from $0.42 per share. The new quarterly rate will be effective with the dividend payable October 1, 2024 to shareowners of record on September 23, 2024. The new annual dividend rate will be $1.80 per share. NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the dividend every year for the last 29 years. Steve Westhoven, President and CEO of NJR, stated, "This dividend increase underscores the Board's belief in our strong financial health and confidence in our long-term growth
The board of directors (the "Board") of New Jersey Resources Corporation (NYSE:NJR) unanimously declared a quarterly dividend on its common stock of $0.42 per share. The dividend will be payable on July 1, 2024, to shareowners of record as of June 12, 2024. The Company is committed to providing value to its shareowners with a competitive return and has paid quarterly dividends continuously since its inception in 1952. About New Jersey Resources 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 compo
Shareowners Elect Four Directors New Jersey Resources (NYSE:NJR), today hosted its 71st Annual Shareowners Meeting. At the virtual meeting, shareowners elected Donald L. Correll, James H. DeGraffenreidt Jr., M. Susan Hardwick and Peter C. Harvey to NJR's board of directors each for a three-year term that will expire in 2027. "I appreciate our shareowners' overwhelming support for our directors and confidence in our company," said Steve Westhoven, President and CEO of New Jersey Resources. "With the strong expertise of our board, we remain committed to executing on our growth strategy and delivering long-term value for our shareowners." Also at the meeting, NJR's longest serving indepe
New Jersey Natural Gas, (NJNG), a regulated subsidiary of New Jersey Resources (NYSE:NJR), announced the appointment of Marissa Travaline as Vice President, Customer Service, Marketing and Energy Efficiency effective today. In this role, Ms. Travaline will be responsible for overseeing a diverse team of employees and developing, implementing and executing NJNG's customer experience strategy, customer service and call center operations, residential and commercial growth objectives and energy-efficiency programs. "Marissa brings nearly two decades of strong strategic and operational leadership to New Jersey Natural Gas, skills that will serve our customers and our company well as we lead th
Mr. Eckert to succeed Ginger Richman upon her retirement on December 31, 2023 New Jersey Resources (NYSE:NJR) today announced the appointment of James Eckert as Vice President, Storage and Transportation, NJR Midstream Company (S&T), a wholly-owned subsidiary of NJR, effective August 1, 2023. Mr. Eckert will succeed Vice President Ginger Richman. Ms. Richman will remain with the company to facilitate the leadership transition until her scheduled retirement on December 31, 2023. "With more than three decades of natural gas marketing and operational experience, James is a respected leader and welcome addition to our executive team," said Steve Westhoven, President and CEO of New Jersey Re
SC 13G/A - NEW JERSEY RESOURCES CORP (0000356309) (Subject)
SC 13G/A - NEW JERSEY RESOURCES CORP (0000356309) (Subject)
SC 13G/A - NEW JERSEY RESOURCES CORP (0000356309) (Subject)
JP Morgan upgraded NJ Resources from Underweight to Neutral and set a new price target of $46.00 from $44.00 previously
JP Morgan downgraded NJ Resources from Neutral to Underweight and set a new price target of $46.00 from $47.00 previously
Mizuho downgraded New Jersey Resources from Buy to Neutral and set a new price target of $42.00