New Jersey Resources Shareholders Elect New Board Members
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
At the 2026 Annual Meeting of New Jersey Resources, shareowners elected Jane Kenny, Amy Mansue, Sharon Taylor, Stephen Westhoven and Willian Yardley to NJR's Board of Directors each for a three-year term that will expire in 2029. Also at the Annual Meeting, Donald Correll, a longstanding member and Chair of NJR's Board, retired after 17 years of dedicated service. Thomas O'Connor will succeed Correll as Board Chair. In other business, shareowners approved a non-binding advisory resolution on the compensation of NJR's named executive officers, as well as the proposed 2026 Stock Award and Incentive Plan, and ratified the appointment of Deloitte & Touche as its independent registered public accounting firm for the fiscal year ending September 30.
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Analyst Views on NJR
Wall Street analysts forecast NJR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NJR is 53.50 USD with a low forecast of 53.00 USD and a high forecast of 54.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 49.260
Low
53.00
Averages
53.50
High
54.00
Current: 49.260
Low
53.00
Averages
53.50
High
54.00
About NJR
New Jersey Resources Corporation, through its subsidiaries, provides natural gas and clean energy services. Its New Jersey Natural Gas business operates and maintains natural gas transportation and distribution infrastructure. Its Clean Energy Ventures business invests in, owns and operates solar projects. Its Energy Services business manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions. Its Storage and Transportation business serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Storage and the Adelphia Gateway Pipeline, as well as its 50% equity ownership in the Steckman Ridge natural gas storage facility. Its Home Services business provides service plans, installation and repair of heating, central air conditioning, water heaters, standby generators, and other indoor and outdoor comfort products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
New Jersey Resources (NJR) Declares $0.475 Quarterly Dividend with 3.99% Yield
- Quarterly Dividend Announcement: New Jersey Resources (NJR) has declared a quarterly dividend of $0.475 per share, consistent with previous distributions, reflecting the company's ongoing ability to maintain stable cash flows, which is likely to attract more income-focused investors.
- Yield Performance: The forward yield of 3.99% is competitive in the current market environment, potentially increasing investor interest in the stock and supporting price stability.
- Shareholder Record Date: The dividend will be payable on April 1, with a record date of March 11 and an ex-dividend date also on March 11, ensuring shareholders receive timely returns and enhancing the company's reputation among its investors.
- Capital Plan Outlook: NJR has outlined a $5 billion capital plan targeting 7%-9% EPS growth through 2026, which will lay the groundwork for future growth and enhance its competitive position in the market.
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New Jersey Resources Declares $0.475 Quarterly Dividend
- Dividend Declaration: The Board of New Jersey Resources Corporation unanimously declared a quarterly dividend of $0.475 per share, payable on April 1, 2026, reflecting the company's strong profitability and commitment to shareholder returns.
- Dividend History: NJR has paid quarterly dividends continuously since its inception in 1952 and has raised its dividend every year for the past 30 years, demonstrating its stable financial performance and dedication to shareholders.
- Business Overview: As a Fortune 1000 company, New Jersey Resources provides safe and reliable natural gas and clean energy services through its subsidiaries, including transportation, distribution, asset management, and home services, showcasing its diversified presence in the energy sector.
- Employee Commitment: With over 1,300 employees, NJR is committed to helping customers save energy and money through initiatives like Conserve to Preserve® and SAVEGREEN, reflecting the company's strategic focus on sustainability.
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