0.13%
3.27%
6.01%
2.46%
17.52%
20.15%
13.09%
AI Spotlight on NJR
Company Description
New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services.The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation.The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 564,000 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets.
The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar projects situated in New Jersey, Connecticut, Rhode Island, and New York.The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas storage and transportation contracts in the United States and Canada.The Storage and Transportation segment invests in natural gas transportation and storage facilities.
It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities.The company was incorporated in 1981 and is headquartered in Wall, New Jersey.
Market Data
| Last Price | 47.95 |
| Change Percentage | 0.13% |
| Open | 47.61 |
| Previous Close | 47.89 |
| Market Cap ( Millions) | 4784 |
| Volume | 1133340 |
| Year High | 51.95 |
| Year Low | 39.44 |
| M A 50 | 47.82 |
| M A 200 | 45.71 |
Financial Ratios
| FCF Yield | -2.54% |
| Dividend Yield | 3.63% |
| ROE | 13.50% |
| Debt / Equity | 160.17% |
| Net Debt / EBIDTA | 529.15% |
| Price To Book | 2.14 |
| Price Earnings Ratio | 16.28 |
| Price To FCF | -39.35 |
| Price To sales | 2.66 |
| EV / EBITDA | 12.48 |
News
- Jan -27 - Consumer Sentiment Dips After 6 Months: Bet on 4 Low-Beta Utility Stocks
- Jan -21 - New Jersey Resources Hosts 72nd Annual Meeting
- Jan -21 - New Jersey Resources Announces $50,000 Pledge to Launch Rutgers University's First Vibrant Communities Sustainability & Resiliency Project
- Jan -09 - 3 Gas Distribution Stocks to Watch From a Flourishing Industry
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- Dec -19 - New Jersey Resources (NJR) Upgraded to Strong Buy: What Does It Mean for the Stock?
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- Dec -05 - FanDuel Casino Sponsors Free Tolls and Rides on December 18th, 2024
- Nov -26 - New Jersey Resources Corporation (NJR) Q4 2024 Earnings Call Transcript
- Nov -25 - New Jersey Resources Reports Fiscal 2024 Fourth-Quarter and Year-End Results
- Nov -25 - Spruce Power Announces Acquisition of Residential Solar Portfolio from NJR Clean Energy Ventures, Adding Nearly 9,800 Customers in New Jersey
- Nov -25 - NJR Clean Energy Ventures Announces Sale of Residential Solar Business
- Nov -21 - New Jersey Board of Public Utilities Approves New Rates for New Jersey Natural Gas
- Nov -07 - New Jersey Resources Board of Directors Declares Quarterly Dividend
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Natural Gas Distribution
Expected Growth : 6.5 %
What the company do ?
Natural Gas Distribution from New Jersey Resources Corporation provides safe and reliable natural gas service to customers in New Jersey.
Why we expect these perspectives ?
New Jersey Resources Corporation's 6.5% growth in Natural Gas Distribution is driven by increasing demand from residential and commercial customers, infrastructure expansion, and strategic acquisitions. Additionally, favorable regulatory environments, investments in energy efficiency, and a growing focus on clean energy solutions contribute to the segment's growth.
Segment n°2 -> Energy Services
Expected Growth : 6.0 %
What the company do ?
New Jersey Resources Corporation's Energy Services segment provides natural gas and other energy-related services to residential and commercial customers.
Why we expect these perspectives ?
New Jersey Resources Corporation's Energy Services segment growth of 6.0% is driven by increasing demand for natural gas infrastructure, strategic acquisitions, and expansion of energy efficiency programs. Additionally, favorable regulatory environments and growing adoption of clean energy solutions contribute to the segment's growth.
Segment n°3 -> Clean Energy Ventures
Expected Growth : 8.0 %
What the company do ?
Clean Energy Ventures is a subsidiary of New Jersey Resources Corporation, investing in renewable energy projects and clean tech startups to promote sustainable energy solutions.
Why we expect these perspectives ?
Clean Energy Ventures' 8.0% growth is driven by increasing adoption of renewable energy sources, favorable government policies and incentives, rising demand for energy storage solutions, and strategic investments in solar and wind projects. Additionally, New Jersey Resources Corporation's diversified energy portfolio and strong operational efficiency contribute to the segment's growth.
Segment n°4 -> Storage and Transportation
Expected Growth : 5.5 %
What the company do ?
New Jersey Resources Corporation's Storage and Transportation segment provides natural gas storage and transportation services to customers in New Jersey.
Why we expect these perspectives ?
New Jersey Resources Corporation's Storage and Transportation segment growth of 5.5% is driven by increasing demand for natural gas infrastructure, strategic acquisitions, and expansion of existing pipeline networks. Additionally, favorable regulatory environments and growing adoption of clean energy sources contribute to the segment's growth.
Segment n°5 -> Home Services and Other
Expected Growth : 6.8 %
What the company do ?
Home Services and Other from New Jersey Resources Corporation provides home energy efficiency solutions and other services to customers in New Jersey.
Why we expect these perspectives ?
The 6.8% growth in Home Services and Other segment of New Jersey Resources Corporation is driven by increasing demand for energy-efficient solutions, strategic acquisitions, and expansion of service offerings. Additionally, favorable weather conditions, infrastructure investments, and a strong economy in New Jersey contribute to the segment's growth.
New Jersey Resources Corporation Products
| Product Range | What is it ? |
|---|---|
| Natural Gas Distribution | New Jersey Resources Corporation provides natural gas distribution services to residential, commercial, and industrial customers through its subsidiary, New Jersey Natural Gas. |
| Clean Energy Ventures | The company invests in and develops clean energy projects, including solar and wind farms, to generate renewable energy. |
| Energy Services | New Jersey Resources Corporation offers energy management services, including energy efficiency solutions and energy procurement, to commercial and industrial customers. |
| Home Services | The company provides home services, including heating and cooling system installations, maintenance, and repair, through its subsidiary, NJR Home Services. |
| Midstream Assets | New Jersey Resources Corporation owns and operates midstream assets, including natural gas transportation and storage facilities. |
| Energy Storage | The company invests in energy storage solutions, including battery storage systems, to support the integration of renewable energy sources. |
New Jersey Resources Corporation's Porter Forces
Threat Of Substitutes
The threat of substitutes for New Jersey Resources Corporation is moderate, as there are alternative energy sources available to customers, but the company's diversified energy portfolio and strong brand presence mitigate this threat.
Bargaining Power Of Customers
The bargaining power of customers is low, as New Jersey Resources Corporation is a large energy provider with a diverse customer base, making it difficult for individual customers to negotiate prices or terms.
Bargaining Power Of Suppliers
The bargaining power of suppliers is moderate, as New Jersey Resources Corporation relies on a diverse range of suppliers for its energy resources, but the company's scale and market presence give it some negotiating power.
Threat Of New Entrants
The threat of new entrants is low, as the energy industry has high barriers to entry, including significant capital requirements and regulatory hurdles, making it difficult for new companies to enter the market.
Intensity Of Rivalry
The intensity of rivalry is high, as New Jersey Resources Corporation operates in a highly competitive energy market with several established players, leading to intense competition for market share and customers.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 62.30% |
| Debt Cost | 4.45% |
| Equity Weight | 37.70% |
| Equity Cost | 7.12% |
| WACC | 5.46% |
| Leverage | 165.22% |
New Jersey Resources Corporation : Quality Control
New Jersey Resources Corporation passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| SWX | Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and … |
| NI | NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric … |
| OGS | ONE Gas, Inc., together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas … |
| ATO | Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and … |
| NFE | New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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NiSource
A-Score
1-Year Total Return ->
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ONE Gas
A-Score
1-Year Total Return ->
🥉
New Jersey Resources
A-Score
1-Year Total Return ->
4
Southwest Gas Holdings
A-Score
1-Year Total Return ->
5
Atmos Energy
A-Score
1-Year Total Return ->
6
