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New Jersey Resources Corp NJR Stock Quote

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Morningstar‘s Stock Analysis NJR

Valuation
Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Raising U.S. Electricity Demand Growth Outlook, Reaffirming Utilities Fair Value Estimates

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our fair value estimates for U.S. utilities after raising our 10-year annual U.S. electricity demand growth forecast to 1.4%, up from 1.2% in our previous forecast two years ago. We also are reaffirming our economic moat and moat trend ratings for all U.S. utilities.

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Key Statistics NJR

Company Profile NJR

Business Description

New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to 570,000 customers in the state. NJR's nonregulated businesses include retail gas supply and solar investments primarily in New Jersey. NJR also is an equity investor and owner in several large midstream gas projects.

Contact
1415 Wyckoff Road
Wall, NJ, 07719
T +1 732 938-1000
Industry Utilities - Regulated Gas
Most Recent Earnings Jun 30, 2022
Fiscal Year End Sep 30, 2021
Employees 1,251

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