News articles about NewJersey Resources (NYSE:NJR) have trended somewhat positive this week, Accern reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NewJersey Resources earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 46.5866057460627 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Consensus EPS Watch For NewJersey Resources Corporation (NYSE:NJR) – Clawson News (clawsonnews.com)
- New Jersey Resources’ Unit Seeks Permit for 84-Mile Pipeline … – Nasdaq (nasdaq.com)
- Unusual Activity Spotted in Newjersey Resources Corp (NJR) and Stoxx Euro Select Div First Trust (FDD) – Clawson News (clawsonnews.com)
- NJR Files FERC Application For Talen Energy Pipeline In Pa. (law360.com)
NJR has been the topic of a number of research analyst reports. Janney Montgomery Scott raised NewJersey Resources from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 22nd. Guggenheim reiterated a “buy” rating and set a $44.00 price objective on shares of NewJersey Resources in a research report on Wednesday, January 3rd. TheStreet downgraded NewJersey Resources from a “b” rating to a “c+” rating in a research report on Wednesday, January 3rd. ValuEngine downgraded NewJersey Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research upgraded NewJersey Resources from a “sell” rating to a “hold” rating in a research report on Saturday, November 18th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. NewJersey Resources currently has a consensus rating of “Hold” and a consensus target price of $44.00.
NewJersey Resources (NYSE:NJR) last released its earnings results on Tuesday, November 21st. The utilities provider reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.01). The company had revenue of $536.50 million for the quarter, compared to analyst estimates of $480.90 million. NewJersey Resources had a return on equity of 11.97% and a net margin of 5.82%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.03) earnings per share. analysts anticipate that NewJersey Resources will post 1.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were given a dividend of $0.2725 per share. This is a boost from NewJersey Resources’s previous quarterly dividend of $0.26. This represents a $1.09 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Thursday, December 14th. NewJersey Resources’s dividend payout ratio is currently 71.71%.
In other news, VP Amanda Mullan sold 920 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $44.64, for a total transaction of $41,068.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lawrence R. Codey sold 6,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $43.13, for a total value of $258,780.00. Following the completion of the sale, the director now directly owns 13,266 shares of the company’s stock, valued at $572,162.58. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
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About NewJersey Resources
New Jersey Resources Corporation is an energy services holding company. The Company’s business is the distribution of natural gas through a regulated utility, which provides other retail and wholesale energy services to customers and investing in clean energy projects and midstream assets. It operates in four business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream.
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