New Jersey Resources (NJR)
Runs a regulated New Jersey gas utility alongside solar, gas logistics and midstream assets.
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Distributes regulated natural gas across parts of New Jersey and earns additional revenue from commercial solar, wholesale gas logistics, storage and pipeline assets, and home-comfort services. The regulated utility anchors a portfolio exposed to both utility regulation and U.S. energy markets.
Distributes natural gas to residential and commercial customers in six New Jersey counties through regulated New Jersey Natural Gas. Four reportable segments add Clean Energy Ventures' commercial solar projects, Energy Services' wholesale gas transportation, storage and energy management, and Storage and Transportation's pipeline and storage assets; Home Services sells service contracts and installs heating, cooling and other home-comfort equipment throughout New Jersey.
Combines utility infrastructure investment and customer growth with gas-supply and capacity optimization, commercial solar development, and operation of regulated midstream assets. Operations are concentrated in the United States, while Energy Services works across North American gas markets. Returns depend on New Jersey utility rate decisions, federal midstream regulation, solar incentives and grid interconnections, weather, and natural-gas market conditions.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | New Street | Target | Target: $54 | Target: $68 |
| Aug 5, 2026 | Wells Fargo | Downgrade | Target: $47 | Target: $61 |
| May 20, 2026 | Argus Research | Target | Target: — | Target: $63 |
| Apr 21, 2026 | Mizuho Securities | Target | Target: $50 | Target: $61 |
| Feb 3, 2026 | Williams Trading | Target | Target: — | Target: $55 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $34.0M · Total debt $3.88B · Total assets $8.02B · Shareholders' equity $2.64B
- Revenue
- $349.2M
- Operating income
- $31.9M
- Net income
- $9.7M
HistoryDividendAnnual yieldUpcoming
| Institutions | 80.65% | 81.84M shares | |
|---|---|---|---|
| 460 holders · as of Jun 30, 2026 | |||
| Insiders | 0.56% | 570.6K shares | |
| 17 holders · as of Aug 17, 2026 | |||
| Other | 18.79% | 19.06M shares | |
| remainder | |||
101.47M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 17.73% | 17.99M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.25% | 6.34M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.34% | 5.42M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.48% | 4.54M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 4.25% | 4.31M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Patrick J. Migliaccio | officer: Senior VP and COO, NJNG | −3,000 | $55.63 |
| May 22, 2026 | Christopher T. D'Antuono | officer: Corporate Controller and PAO | −1,150 | $57.34 |
| May 11, 2026 | Patrick J. Migliaccio | officer: Senior VP and COO, NJNG | −3,000 | $55.84 |
| May 8, 2026 | Jane M. Kenny | director | −8,000 | $56.10 |
| Mar 19, 2026 | Richard Reich | officer: SVP and Gen Counsel | −5,449 | $52.99 |
- Public Service Enterprise Group
Same-state gas and electric utility pressure in New Jersey
- UGI
Diversified gas, propane and energy-marketing overlap
- Atmos Energy
Large pure-play gas utility and pipeline/storage benchmark
- NiSource
Large regulated gas/electric utility infrastructure peer
- Spire
Gas utility, marketing and midstream model close to NJR
- Chesapeake Utilities
Diversified gas delivery, propane and transmission peer
- ONE Gas
Pure-play regulated gas distribution comparator
- National Fuel Gas
Utility and pipeline/storage overlap in Appalachian gas
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| New Jersey Resources | $52.43 | −0.55% | $5.32B | 14.6 | 15.8 | 2.4 | +16.8% |
| Public Service Enterprise Group | $67.88 | −1.79% | $34.44B | 17.2 | 15.2 | 2.7 | −9.0% |
| UGI | $36.77 | −0.23% | $7.90B | 12.3 | 12.6 | 1.1 | −4.5% |
| Atmos Energy | $156.22 | −0.72% | $26.26B | 18.7 | 17.5 | 5.3 | +4.8% |
| NiSource | $39.19 | −1.72% | $19.12B | 21.2 | 18.1 | 2.8 | +4.6% |
| Spire | $77.72 | −0.99% | $4.64B | 8.8 | 16.0 | 1.8 | −0.4% |
| Chesapeake Utilities | $131.15 | −0.58% | $3.17B | 21.0 | 19.2 | 3.2 | +4.7% |
| ONE Gas | $72.76 | −1.10% | $4.62B | 15.9 | 14.7 | 2.0 | −2.9% |
| National Fuel Gas | $80.39 | +0.48% | $7.60B | 11.1 | 10.8 | 3.0 | +1.1% |
| Median | 16.5 | 15.6 | 2.8 | +0.3% |