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Upturn AI SWOT - About
NewJersey Resources Corporation (NJR)
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Upturn Advisory Summary
04/01/2025: NJR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -0.61% | Avg. Invested days 46 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.97B USD | Price to earnings Ratio 14.93 | 1Y Target Price 53.75 |
Price to earnings Ratio 14.93 | 1Y Target Price 53.75 | ||
Volume (30-day avg) 692787 | Beta 0.59 | 52 Weeks Range 39.10 - 50.98 | Updated Date 04/2/2025 |
52 Weeks Range 39.10 - 50.98 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 3.67% | Basic EPS (TTM) 3.32 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 18.25% | Operating Margin (TTM) -7.47% |
Management Effectiveness
Return on Assets (TTM) 4.1% | Return on Equity (TTM) 15.15% |
Valuation
Trailing PE 14.93 | Forward PE 15.85 | Enterprise Value 8505096514 | Price to Sales(TTM) 2.73 |
Enterprise Value 8505096514 | Price to Sales(TTM) 2.73 | ||
Enterprise Value to Revenue 4.68 | Enterprise Value to EBITDA 11.65 | Shares Outstanding 100289000 | Shares Floating 95741008 |
Shares Outstanding 100289000 | Shares Floating 95741008 | ||
Percent Insiders 0.46 | Percent Institutions 76.23 |
Analyst Ratings
Rating 3.88 | Target Price 53.57 | Buy 1 | Strong Buy 3 |
Buy 1 | Strong Buy 3 | ||
Hold 4 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
NewJersey Resources Corporation
Company Overview
History and Background
NewJersey Resources Corporation (NJR) was founded in 1952 as New Jersey Natural Gas Company. It has evolved from a single-utility company to a diversified energy business, expanding into clean energy ventures and energy services.
Core Business Areas
- NJR Gas: NJR Gas is the principal subsidiary of NJR and provides regulated natural gas service to over half a million customers in New Jersey.
- NJR Clean Energy Ventures: This segment invests in, owns, and operates solar and onshore wind projects.
- NJR Energy Services: NJR Energy Services provides wholesale energy solutions, primarily for commercial and industrial customers.
Leadership and Structure
The CEO is Steve Westhoven. The company has a traditional corporate structure with various departments responsible for operations, finance, and strategy, overseen by a Board of Directors.
Top Products and Market Share
Key Offerings
- Natural Gas Distribution: NJR Gas distributes natural gas to residential, commercial, and industrial customers. It holds a significant market share within its service territory in New Jersey, estimated at over 80%. Competitors include other energy sources like heating oil and propane, as well as other utility companies outside its direct service area.
- Clean Energy Projects: NJR Clean Energy Ventures develops and operates solar and wind energy projects. Market share data is fragmented as renewable energy projects are diverse and geographically specific. Competition includes large renewable energy developers like NextEra Energy Resources and independent power producers.
Market Dynamics
Industry Overview
The utility industry is evolving with a focus on renewable energy and energy efficiency. Natural gas distribution remains a significant part of the energy mix, but faces growing pressure to reduce carbon emissions. The renewable energy sector is rapidly expanding due to government incentives and increasing demand for clean energy.
Positioning
NJR is positioned as a diversified energy company, combining regulated natural gas distribution with investments in renewable energy. This strategy aims to balance stable earnings with growth opportunities in the clean energy sector. Competitive advantages include its established infrastructure, customer base, and expertise in energy markets.
Total Addressable Market (TAM)
The TAM for natural gas distribution in New Jersey is estimated at several billion dollars annually. The renewable energy TAM is significantly larger and growing rapidly, influenced by policy decisions and technological advancements. NJR is positioned to capture a portion of both markets through its existing operations and expansion into renewable energy projects.
Upturn SWOT Analysis
Strengths
- Established Infrastructure
- Stable Regulated Earnings
- Diversified Business Model
- Strong Customer Base
Weaknesses
- Dependence on Regulatory Environment
- Exposure to Commodity Price Fluctuations
- Limited Geographic Scope
- Capital Intensive Operations
Opportunities
- Expansion of Renewable Energy Portfolio
- Investment in Energy Efficiency Programs
- Growth in Natural Gas Demand
- Government Incentives for Clean Energy
Threats
- Increasing Competition from Renewable Energy Sources
- Stringent Environmental Regulations
- Economic Downturn Affecting Energy Demand
- Climate Change Impacts on Infrastructure
Competitors and Market Share
Key Competitors
- NI
- UGI
- OKE
Competitive Landscape
NJR faces competition from other utilities and renewable energy developers. Its advantages include its established infrastructure and customer base. Disadvantages include its limited geographic scope and exposure to regulatory risk.
Major Acquisitions
Leaf River Energy Center
- Year: 2020
- Acquisition Price (USD millions): 367.5
- Strategic Rationale: Expanded NJR's midstream asset portfolio, providing strategic gas storage capacity and revenue diversification.
Growth Trajectory and Initiatives
Historical Growth: Historically, NJR's growth has been driven by customer growth in its natural gas distribution business and expansion of its renewable energy portfolio.
Future Projections: Future growth is expected to come from continued investment in renewable energy, energy efficiency programs, and potential acquisitions. Analyst estimates vary depending on market conditions and regulatory changes.
Recent Initiatives: Recent initiatives include investments in solar projects, upgrades to natural gas infrastructure, and participation in energy efficiency programs.
Summary
NewJersey Resources is a diversified energy company with a stable regulated gas business and growing renewable energy portfolio. Its strengths lie in its established infrastructure and customer base. However, it faces challenges from increasing competition, regulatory pressures, and the need to transition to cleaner energy sources. The future success depends on managing these challenges and successfully executing its growth strategy.
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Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q)
- Analyst Reports
- Industry Publications
- Company Website
- SEC Filings
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly. Consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About NewJersey Resources Corporation
Exchange NYSE | Headquaters Wall, NJ, United States | ||
IPO Launch date 1987-12-30 | President, CEO & Director Mr. Stephen D. Westhoven | ||
Sector Utilities | Industry Utilities - Regulated Gas | Full time employees 1372 | Website https://www.njresources.com |
Full time employees 1372 | Website https://www.njresources.com | ||
New Jersey Resources Corporation, an energy services holding company, distributes natural gas. 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 residential and commercial customers in 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 clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, and Indiana. The Energy Services segment maintains and operates natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services. The Storage and Transportation segment invests in energy-related ventures. It provides heating, ventilation, and cooling services; sales and installation of appliances; solar equipment installation, and plumbing repair and installation services, as well as holds commercial real estate properties. The company was founded in 1922 and is headquartered in Wall, New Jersey.
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