New Jersey Resources Corp. Declares Quarterly Dividend of $0.42 (NJR)

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New Jersey Resources Corp. (NYSE:NJR) announced a quarterly dividend on Tuesday, January 21st, ARN reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.42 per share on Tuesday, April 1st. This represents a $1.68 annualized dividend and a dividend yield of 3.63%.

On the ratings front, analysts at Zacks downgraded shares of New Jersey Resources Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 4th. They now have a $50.50 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. New Jersey Resources Corp. currently has an average rating of “Hold” and an average price target of $49.17.

Shares of New Jersey Resources Corp. (NYSE:NJR) opened at 46.33 on Wednesday. New Jersey Resources Corp. has a 1-year low of $39.97 and a 1-year high of $47.60. The stock has a 50-day moving average of $45.14 and a 200-day moving average of $44.59. The company has a market cap of $1.947 billion and a price-to-earnings ratio of 16.67.

New Jersey Resources Corp. (NYSE:NJR) last announced its earnings results on Monday, November 25th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.01. The company had revenue of $615.50 million for the quarter, compared to the consensus estimate of $580.21 million. During the same quarter last year, the company posted ($0.27) earnings per share. New Jersey Resources Corp.’s revenue was up 29.1% compared to the same quarter last year. Analysts expect that New Jersey Resources Corp. will post $2.86 EPS for the current fiscal year.

New Jersey Resources Corporation (NYSE:NJR) is an energy services holding company providing retail and wholesale energy services to customers in states from the Gulf Coast and Mid-Continent regions to the Appalachian and Northeast regions, the West Coast and Canada.

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