Latest news with #NewJerseyResources
Business Insider
2 days ago
- Business
- Business Insider
New Jersey Resources initiated with an Outperform at Raymond James
Raymond James analyst J.R. Weston initiated coverage of New Jersey Resources (NJR) with an Outperform rating and $49 price target Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
01-06-2025
- Business
- Yahoo
3 Reasons Why Growth Investors Shouldn't Overlook New Jersey Resources (NJR)
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. New Jersey Resources (NJR) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank. Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better. While there are numerous reasons why the stock of this energy services holding company is a great growth pick right now, we have highlighted three of the most important factors below: Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration. While the historical EPS growth rate for New Jersey Resources is 9.6%, investors should actually focus on the projected growth. The company's EPS is expected to grow 9.9% this year, crushing the industry average, which calls for EPS growth of 9.2%. While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds. Right now, year-over-year cash flow growth for New Jersey Resources is 10.3%, which is higher than many of its peers. In fact, the rate compares to the industry average of 3.3%. While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 12.3% over the past 3-5 years versus the industry average of 7.2%. Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. The current-year earnings estimates for New Jersey Resources have been revising upward. The Zacks Consensus Estimate for the current year has surged 2.4% over the past month. New Jersey Resources has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. This combination positions New Jersey Resources well for outperformance, so growth investors may want to bet on it. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NewJersey Resources Corporation (NJR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
22-04-2025
- Business
- Business Wire
New Jersey Resources Highlights the Success of the Coastal Climate Initiative in Celebration of Earth Day
BUSINESS WIRE)--Created to help raise awareness about important environmental issues affecting the world around us, Earth Day has grown into a call to action to promote conservation, advance environmental sustainability best practices and protect the planet. For 55 years it has been inspiring people to get involved and help make a difference in their local communities. New Jersey Resources (NYSE: NJR), the parent company of New Jersey Natural Gas (NJNG), has worked to answer this call through its Coastal Climate Initiative (CCI). 'New Jersey Resources has a long history of leadership on environmental stewardship and support for our local communities,' said Katie Feery, director of Sustainability at New Jersey Resources. 'As a company with significant operations along New Jersey's coast, we created the Coastal Climate Initiative to invest in projects that have meaningful impact in the local communities we serve – protecting our ecosystems and building resilience. To date, we have committed more than $1.2 million to advance one-time and multi-year projects that will have long-term benefits for our environment.' Launched in 2021, CCI is an umbrella program for NJR's commitment to environmental and natural resource stewardship efforts, including financial support for projects, employee volunteerism and other forms of direct engagement. In 2023, the company pledged up to $2 million over five years from its charitable foundations to support environmental stewardship initiatives throughout its service territory. Over the past two years, NJR has committed over 60% of that funding to support vital projects that improve coastal ecology, community resiliency and nature-based solutions that help protect against the effects of climate change. These projects include: The Monmouth Conservation Foundation's (MCF) and its work to restore and protect the Scudder Preserve. This 90-acre natural habitat located in Middletown, New Jersey is home to century forest, grasslands, streams and riparian corridors, ponds and nature trails. NJR's support will help MCF conduct a natural resource inventory and create a site restoration and management plan for the property, as well as launch an educational outreach program. These efforts support forest, biodiversity and ecosystem restoration and expand public access through trail and facility improvements allowing local communities to benefit from this open space. Monmouth University's Urban Coast Institute (UCI) and its support of the Clam Cove Living Shoreline Pilot Project in Long Beach Township. The project was identified as a priority by the National Fish and Wildlife Foundation. As one of several key stakeholders involved with the project, UCI is committed to helping stabilize a widening breach in the cove and reduce the loss of marshland. These efforts support increased resiliency to the local communities and help improve habitats for fish, birds and other species. The Conserve Wildlife Foundation and its efforts to preserve rare and imperiled wildlife species that live, breed and migrate in New Jersey. NJR's support will help Conserve Wildlife with a beach nesting bird survey focused on the American Oystercatcher – a species that serves as an indicator for healthy ecosystems and a bellwether for potential impacts of climate change. It also includes the development of a new educational curriculum focused on the Monmouth County watershed and at-risk wildlife in NJR's service territory and the development of baseline mapping of habitats to inform potential future resilience opportunities. New Jersey Audubon and its leadership on the stewardship and resilience of the 500-acre Hovnanian Sanctuary located in Berkley Township, New Jersey and within the Pinelands National Reserve. Work includes the restoration of over 100 acres of upland forest, which will help improve water quality and enhance climate resiliency, as well as reduce the risk of wildfire; enhancement of 15+ acres of Atlantic white cedar forest to help protect this critical natural resource and the ecological and resiliency benefits it provides; and the development of improved recreational opportunities, such as walking rails, public access points, mapping and signage. Rutgers University School of Environmental and Biological Sciences and the launch of its inaugural Vibrant Communities Program's sustainability and resiliency project in Manitou Park, located in South Toms River Borough. The project's focus will be on the creation and implementation of a sustainable landscaping master plan, as well as ongoing stewardship and management plan to maintain and improve the facility for long-term benefit to the community. The Natural Resources Education Foundation to support the expansion and preservation, education and research work for shoreline stabilization and restoration at The Lighthouse Center. The Lighthouse Center is a 200-acre property of diverse coastal habitat in Waretown, Ocean County. To learn more about CCI and NJR's sustainability efforts, visit: 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 businesses: New Jersey Natural Gas, NJR's principal subsidiary, operates and maintains natural gas transportation and distribution infrastructure to serve customers in New Jersey's Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties. Clean Energy Ventures invests in, owns and operates solar projects, providing customers with low-carbon solutions. Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America. Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility. Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey. NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as SAVEGREEN®.
Business Wire
21-04-2025
- Business
- Business Wire
William T. Yardley Elected to the Board of Directors of New Jersey Resources
BUSINESS WIRE)--The board of directors of New Jersey Resources (NYSE: NJR) today announced the unanimous election of William T. Yardley to the board, effective July 1, 2025. 'Bill Yardley is a proven leader in the energy industry,' said Steve Westhoven, president and CEO of New Jersey Resources. 'His extensive experience with pipeline infrastructure, regulatory strategy, policy and innovation will be an asset to our company, and I am confident the strategic guidance and insight he brings will benefit our board.' 'With his wealth of experience and proven track record of driving innovation and growth, the addition of Bill Yardley as a director makes our board stronger,' said Donald Correll, chair of the board of New Jersey Resources. 'He is well respected for his expertise and accomplishments across our industry, and he will be a welcome addition to our board of directors.' Mr. Yardley is chief executive officer of the Portland Natural Gas Transmission System (PNGTS), a natural gas pipeline company that serves constrained energy markets in the northeast US. Prior to joining PNGTS, he was executive vice president and president of gas transmission and midstream at Enbridge, Inc., where he was responsible for directing growth opportunities, leading regulatory strategy, improving pipeline integrity and safety practices and aligning operations with the energy transition across 17 natural gas pipeline systems and storage assets in the U.S. and Canada. He also previously served as president of US transmission at Spectra Energy, group vice president of transmission at Duke Energy and vice president of marketing at Boston Gas Company. Mr. Yardley is an independent director for Enbridge Gas, Inc. and a director of GTI Energy and the Northeast Gas Association. Previously he was chair of the board of Interstate Gas Association of America, and a member of the boards of Spectra Energy Partners, DCP Midstream and the United Way of Greater Houston. He received a Bachelor of Arts degree in Economics from Colby College and a Master's degree in Business Administration from Northeastern University. He is also a graduate of Harvard University's Advanced Management Program. 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 businesses: New Jersey Natural Gas, NJR's principal subsidiary, operates and maintains natural gas transportation and distribution infrastructure to serve customers in New Jersey's Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties. Clean Energy Ventures invests in, owns and operates solar projects, providing customers with low-carbon solutions. Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America. Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility. Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey. NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve ® and initiatives such as SAVEGREEN ®.
Yahoo
08-04-2025
- Business
- Yahoo
New Jersey Resources Schedules Fiscal 2025 Second Quarter Earnings Call
WALL, N.J., April 08, 2025--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2025 second quarter financial results on Tuesday, May 6, 2025, at 10 a.m. ET. New Jersey Resources will release these results on Monday, May 5, 2025, after the close of the stock market. A few minutes prior to the webcast, visit and select "Investor Relations." Scroll down and click the webcast link under "Latest Events" on the right side of the page. 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 businesses: New Jersey Natural Gas, NJR's principal subsidiary, operates and maintains natural gas transportation and distribution infrastructure to serve customers in New Jersey's Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties. Clean Energy Ventures invests in, owns and operates solar projects, providing customers with low-carbon solutions. Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America. Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility. Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey. NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as SAVEGREEN®. For more information about NJR: Follow us on (Twitter) @NJNaturalGas."Like" us on View source version on Contacts Media Contact: Mike Kinney732-938-1031mkinney@ Investor Contact: Adam Prior732-938-1145aprior@ Sign in to access your portfolio
