NJR

New Training Facility: New Jersey Natural Gas (NJNG) has opened the SAVEGREEN Innovation and Training Annex in Atlantic Highlands, which will serve as a hub for workforce development in energy efficiency, partnering with Isles, Inc. to provide training and certification programs aimed at enhancing skills in underserved communities.

Focus on Energy Efficiency: The facility is equipped with advanced technologies, including the state's first Anesi gas heat pump, and aims to meet the growing demand for energy-efficiency projects by offering free technical training, ultimately supporting economic development and promoting sustainable practices in New Jersey.

New Board Member Announcement: New Jersey Resources has elected William T. Yardley to its board of directors, effective July 1, 2025, recognizing his extensive experience in the energy industry and leadership roles at various companies.

Company Overview: New Jersey Resources is a Fortune 1000 company providing natural gas and clean energy services through multiple subsidiaries, focusing on transportation, distribution, and energy efficiency initiatives.

Atmos Energy Corp Outlook: JPMorgan analyst Richard W Sunderland raised the price forecast for Atmos Energy Corporation from $164 to $166, maintaining an Overweight rating, and expects the company to revise its EPS guidance upwards due to favorable regulatory developments in Texas.

Spire Inc and New Jersey Resources Forecast: Sunderland reiterated an Overweight rating for Spire Inc with a price target of $85, anticipating positive outcomes from Missouri rate case developments, while also maintaining an Outperform rating for New Jersey Resources with a price forecast of $56, expecting modest upward revisions in their 2025 guidance.

Dividend Announcement: New Jersey Resources Corporation's board declared a quarterly dividend of $0.45 per share, payable on July 1, 2025, to shareholders of record as of June 10, 2025. The company has consistently paid dividends since 1952 and has increased them annually for the past 29 years.

Company Overview: NJR is a Fortune 1000 company providing natural gas and clean energy services through its subsidiaries, which include New Jersey Natural Gas, Clean Energy Ventures, and Energy Services, among others, focusing on energy efficiency and conservation initiatives.

Upcoming Financial Webcast: New Jersey Resources (NJR) will host a live webcast on May 6, 2025, at 10 a.m. ET to discuss its fiscal 2025 second quarter financial results, which will be released on May 5, 2025.

Company Overview: NJR is a Fortune 1000 company providing natural gas and clean energy services through various subsidiaries, including New Jersey Natural Gas and Clean Energy Ventures, while promoting energy conservation initiatives.

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Stock Performance Overview: NJR's stock has a 52-week low of $40.62 and a high of $51.945, with the last trade recorded at $46.99.

Market Analysis Note: The article mentions other energy stocks that have recently fallen below their 200-day moving average.

Covered Call Strategy: Investors can buy NJR stock at $49.23 and sell a covered call at a $50 strike price, potentially earning a total return of 2.58% if the stock is called away by expiration on November 21st, while also considering the risk of missing out on further gains if the stock price rises significantly.

Volatility and YieldBoost: The current odds of the call contract expiring worthless are estimated at 49%, which would allow investors to keep their shares and earn an additional 1.02% return from the premium collected, translating to a 1.51% annualized YieldBoost; the implied volatility for the call contract is 20%, compared to an actual trailing volatility of 18%.

Dividend Investment Strategy: The report emphasizes the importance of identifying strong, profitable companies with attractive valuations for dividend investors, utilizing a proprietary DividendRank formula to generate a list of promising stocks for further research.

New Jersey Resources Corp Dividend Details: New Jersey Resources Corp pays an annualized dividend of $1.8 per share, with its most recent ex-dividend date on March 11, 2025, highlighting the significance of analyzing a company's historical dividend performance to assess future reliability.

Dividend Run Alert for NJR: New Jersey Resources Corp (NYSE: NJR) has a potential dividend run alert as it approaches its ex-dividend date of 03/11/25, with a quarterly dividend of $0.45/share expected to influence stock price behavior leading up to the date.

Investment Strategy Insights: The article discusses various strategies investors may use to capitalize on dividend runs, highlighting that historically, NJR has shown capital gains exceeding dividend amounts in three out of four recent instances, suggesting it could be a favorable investment opportunity.

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Community of Serious Traders: Over 10,000 traders are part of the Benzinga Pro community, benefiting from accurate market intelligence and timely updates.

Analyst Ratings: Sarah Akers from Wells Fargo has reiterated a Hold rating on New Jersey Resources (NJR) with a price target of $51.00, while Mizuho Securities also issued a Hold rating; however, J.P. Morgan maintained a Buy rating for the company.

Company Performance: New Jersey Resources has shown strong financial performance with a one-year high of $51.95 and a low of $40.20, reporting an adjusted EPS of $1.29 for Q1 2025, surpassing the consensus estimate of $1.06.

Gas Utilities Performance: Gas utilities shares are lagging in the market, down approximately 0.8%, with Stabillis Solutions and New Jersey Resources experiencing declines of 9.4% and 2.3% respectively.

Market Commentary: The opinions expressed in the article reflect the author's views and do not necessarily represent those of Nasdaq, Inc.

New Jersey Resources Corp Overview: New Jersey Resources Corp (NJR) is included in the iShares S&P 1500 Index ETF and represents 0.28% of the SPDR S&P Dividend ETF, with a significant annualized dividend of $1.8/share and a flawless history of consistent payments over at least two decades.

Dividend Channel S.A.F.E. 25 Recognition: NJR has been recognized on the "Dividend Channel S.A.F.E. 25" list due to its solid returns, accelerating dividend increases, perfect payment history, and enduring commitment to dividends within the Gas Utilities sector.

Financial Performance: New Jersey Resources Corporation reported a consolidated net income of $131.3 million for the first quarter of fiscal 2025, reflecting a significant increase from $89.4 million in the same period last year, driven by new base rates and gains from asset sales.

Regulatory Developments: New Jersey Natural Gas received approval for a $157 million annual rate increase and launched a $385.6 million energy efficiency program, while Clean Energy Ventures completed the sale of its solar portfolio for $132.5 million, contributing to improved financial results.

Dividend Announcement: New Jersey Resources Corporation's board declared a quarterly dividend of $0.45 per share, payable on April 1, 2025, to shareholders of record as of March 11, 2025. The company has consistently paid dividends since 1952 and has increased them for the past 29 years.

Company Overview: NJR is a Fortune 1000 company providing natural gas and clean energy services through its subsidiaries, including New Jersey Natural Gas and Clean Energy Ventures, with a focus on energy conservation and efficiency initiatives.

ETF Analyst Target Prices: The Vanguard S&P Mid-Cap 400 Value ETF (IVOV) has an implied analyst target price of $110.85, indicating a potential upside of 10.54% from its current trading price of $100.28.

Notable Holdings with Upside Potential: Key underlying holdings such as New Jersey Resources Corp, American Airlines Group Inc, and American Financial Group Inc show significant upside potential based on analysts' target prices compared to their recent trading prices.

Dividend Declaration: New Jersey Resources (NJR) has declared a quarterly dividend of $0.45 per share, maintaining the same amount as previous quarters, with a forward yield of 3.87%. The dividend is payable on April 1 to shareholders of record as of March 11.

Business Sale: New Jersey Resources is set to sell its residential solar business to Spruce Power for $132 million, as part of its strategic business decisions.

Shareholder Meeting Outcomes: New Jersey Resources held its 72nd Annual Shareowners Meeting where three directors, Gregory E. Aliff, Thomas C. O'Connor, and Michael A. O'Sullivan, were elected for three-year terms, and shareowners approved a resolution on executive compensation and the appointment of Deloitte & Touche LLP as auditors.

Company Overview: NJR is a Fortune 1000 company providing natural gas and clean energy services through various subsidiaries, focusing on energy efficiency and conservation initiatives to benefit customers in New Jersey.

Collaboration for Community Resilience: New Jersey Resources (NJR) has partnered with Rutgers University to support the "Vibrant Communities" program, committing $50,000 to enhance sustainability and resiliency in the Manitou Park area of South Toms River through a sustainable landscape master plan.

Corporate Sustainability Efforts: NJR's 2024 Corporate Sustainability Report highlights significant contributions to community engagement, including over $2.1 million in funding to local nonprofits, extensive volunteer hours, and investments in renewable energy projects, reinforcing its commitment to environmental stewardship and corporate responsibility.