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Stock impact report

New Jersey Resources: Consistency At The Core, Optional Growth At The Edges [Seeking Alpha]

NewJersey Resources Corporation (NJR) 
Last newjersey resources corporation earnings: 2/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: investor.njresources.com
Company Research Source: Seeking Alpha
NJR's core utility, New Jersey Natural Gas, drives consistent growth with a $3.2B rate base, 7–9% projected rate base growth by 2030, and robust risk management. Clean Energy Ventures and storage/transportation projects add measured, contract-backed upside without materially increasing risk, complementing the regulated earnings base. Trading at a 16.4x forward P/E, below the sector median, NJR offers a 3.5% dividend yield and modest valuation upside to $53–$56, justifying a 'buy' rating. coffeekai/iStock via Getty Images Elevator Thesis A few days back, I deep-dived into Essential Utilities ( WTRG ) and why boring businesses usually prove to be highly profitable. Indeed, regulated utilities do not grow quickly, and neither do they make headlines. Nevertheless, they collect This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the ne Show less Read more
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