Are Things Looking Up For New Jersey Resources Corporation (NYSE: NJR)?

After Hours

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.

Stocks Info

The company is listed on the NYSE and operates within the Utilities – Regulated Gas industry segment. The current market capitalization of New Jersey Resources Corporation is $4.59B. A total of 0.51 million shares were traded on the day, compared to an average of 474.05K shares.

In the most recent transaction, Migliaccio Patrick J. sold 4,983 shares of NJR for 46.00 per share on Dec 23 ’24. After the transaction, the Senior VP and COO, NJNG now owns 37,124 company shares. In a previous transaction on Aug 21 ’24, Migliaccio Patrick J. sold 2,500 shares at 45.88 per share. NJR shares that Senior VP and COO, NJNG owns now total 36,582.

Among the insiders who sold shares, Westhoven Stephen D disposed of 26,600 shares on Jul 16 ’24 at a per-share price of $45.06. This resulted in the President & CEO holding 168,705 shares of NJR after the transaction. In another insider transaction, Westhoven Stephen D sold 3,400 shares at $45.00 per share on Jul 12 ’24. Company shares held by the President & CEO now total 195,305.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. New Jersey Resources Corporation pays an annual dividend of $1.74, resulting in a dividend yield of 3.78%, and it has a price to earnings (P/E) ratio of 15.75. NJR’s most recent ex-dividend date was 3.85% when it declared a $0.45 quarterly dividend that was paid in cash on 12/11/2024. Previously, the company paid the dividend on 9/23/2024 with an ex-dividend date of 3.89%. The NJR stock dividend was $0.45 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, NJR has a high of $51.94 and a low of $39.44.

As of this writing, NJR has an earnings estimate of $1.08 per share for the current quarter. EPS was calculated based on a consensus of 5.0 estimates, with a high estimate of $1.18 per share and a lower estimate of $0.77.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $22.12, while its Total Shareholder’s Equity was $1.63B.

Analysts Opinion

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. 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 4.00.

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