New Jersey Resources (NJR)

New Jersey Natural Gas Company • NJR Service Corporation • NJR Clean Energy Ventures Corporation • NJR Energy Services Company, LLC • NJR Clean Energy • Bernards Solar, LLC • AR Solar, LLC • Canal Road Solar Partners, LLC • Canoe Brook Solar Partners, LLC • CleanLight Energy, LLC ...

IRS number

222376465

NJR stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$53.33

Low target

$52.00

High target

$54.00

Wells Fargo

Maintains

Equal-Weight

$54.00

27 Nov 24

Latest filings (excl ownership)

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4 Feb 25

New Jersey Resources Reports Fiscal 2025 First-quarter Results

3 Feb 25

8-K

Submission of Matters to a Vote of Security Holders

24 Jan 25

ARS

2024 FY

Annual report to shareholders

11 Dec 24

DEFA14A

Additional proxy soliciting materials

11 Dec 24

26 Nov 24

New Jersey Resources Reports Fiscal 2024

25 Nov 24

8-K

New Jersey Board of Public Utilities Approves New Rates

21 Nov 24

8-K

Entry into a Material Definitive Agreement

12 Nov 24

Transcripts

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NJR

Earnings call transcript

2025 Q1

4 Feb 25

NJR

Earnings call transcript

2024 Q4

26 Nov 24

NJR

Earnings call transcript

2024 Q3

6 Aug 24

NJR

Earnings call transcript

2024 Q2

7 May 24

NJR

Earnings call transcript

2024 Q1

6 Feb 24

NJR

Earnings call transcript

2023 Q3

3 Aug 23

NJR

Earnings call transcript

2023 Q3

3 Aug 23

NJR

Earnings call transcript

2023 Q2

4 May 23

NJR

Earnings call transcript

2023 Q1

2 Feb 23

NJR

Earnings call transcript

2022 Q4

17 Nov 22

Latest ownership filings

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JAMES H DEGRAFFENREIDT JR

23 Jan 25

Jacqueline K Shea

8 Jan 25

Financial summary

Financial statements Chart NJR financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Sep 24	Sep 23	Sep 22	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.56 mm	2.56 mm	2.56 mm	2.56 mm	2.56 mm	2.56 mm
Cash burn (monthly)	(no burn)	72.17 k	(no burn)	(no burn)	2.99 mm	(no burn)
Cash used (since last report)	n/a	137.97 k	n/a	n/a	5.71 mm	n/a
Cash remaining	n/a	2.43 mm	n/a	n/a	-3.14 mm	n/a
Runway (months of cash)	n/a	33.6	n/a	n/a	-1.1	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

NJR institutional ownership history Ownership history

74.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	387	361	+7.2%
Opened positions	57	57	–
Closed positions	31	29	+6.9%
Increased positions	155	138	+12.3%
Reduced positions	108	107	+0.9%

13F shares	Current	Prev Q	Change
Total value	3.37 tn	3.27 tn	+3.2%
Total shares	74.31 mm	71.60 mm	+3.8%
Total puts	900.00	0.00	NEW
Total calls	11.60 k	8.20 k	+41.5%
Total put/call ratio	0.1	–	–

Largest owners	Shares	Value	Change
BlackRock	16.83 mm	$785.14 bn	+1.6%
Vanguard	11.52 mm	$537.25 bn	-0.2%
STT State Street	5.36 mm	$252.36 bn	+6.2%
Dimensional Fund Advisors	3.31 mm	$154.37 bn	+7.0%
WFC Wells Fargo & Company	2.59 mm	$120.89 bn	+1.3%
Geode Capital Management	2.35 mm	$109.76 bn	-0.6%
Norges Bank	1.57 mm	$73.12 bn	NEW
Millennium Management	1.36 mm	$63.61 bn	+66.0%
NTRS Northern Trust	1.35 mm	$62.99 bn	+18.5%
Charles Schwab Investment Management	1.27 mm	$59.13 bn	+3.2%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	1.57 mm	+1.57 mm	NEW
ProShare Advisors	912.53 k	-831.57 k	-47.7%
Millennium Management	1.36 mm	+542.09 k	+66.0%
ExodusPoint Capital Management	381.94 k	-370.02 k	-49.2%
STT State Street	5.36 mm	+312.02 k	+6.2%
PRS Prudential Financial, Inc. 5.62	321.33 k	+311.22 k	+3076.5%
MS Morgan Stanley	1.04 mm	-295.67 k	-22.1%
Boston Partners	16.30 k	-263.55 k	-94.2%
BlackRock	16.83 mm	+259.04 k	+1.6%
Dimensional Fund Advisors	3.31 mm	+216.00 k	+7.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NJR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
21 Jan 25	Michael A O'Sullivan	Common Stock	Option exercise	Acquire M	No	No	47.79	3,242	154.94 k	6,319
21 Jan 25	Michael A O'Sullivan	RSU Common Stock	Option exercise	Dispose M	No	No	0	3,118.254	0.00	0
21 Jan 25	Michael A O'Sullivan	RSU Common Stock	Grant	Acquire A	No	No	0	2,824.859	0.00	0
21 Jan 25	Gregory E Aliff	RSU Common Stock	Grant	Acquire A	No	No	0	2,824.859	0.00	2,824.859
21 Jan 25	Sharon C Taylor	Common Stock	Option exercise	Acquire M	No	No	47.79	3,242	154.94 k	33,270.956
21 Jan 25	Sharon C Taylor	RSU Common Stock	Option exercise	Dispose M	No	No	0	3,118.254	0.00	0
21 Jan 25	Sharon C Taylor	RSU Common Stock	Grant	Acquire A	No	No	0	2,824.859	0.00	2,824.859
21 Jan 25	M Susan Hardwick	Common Stock	Option exercise	Acquire M	No	No	47.79	3,242	154.94 k	14,502
21 Jan 25	M Susan Hardwick	RSU Common Stock	Option exercise	Dispose M	No	No	0	3,118.254	0.00	0
21 Jan 25	M Susan Hardwick	RSU Common Stock	Grant	Acquire A	No	No	0	2,824.859	0.00	2,824.859