Added to YB: 2026-02-16
Pitch date: 2026-02-10
NJR [neutral]
New Jersey Resources Corporation
+0.65%
current return
Author Info
No bio for this author
Company Info
New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation.
Market Cap
$5.5B
Pitch Price
$52.53
Price Target
N/A
Dividend
3.50%
EV/EBITDA
13.34
P/E
16.77
EV/Sales
4.38
Sector
Gas Utilities
Category
value
FPA Queens Road Small Cap Value Fund Portfolio Holding: New Jersey Resources Corporation
NJR (holding update): NJ regulated gas utility w/ 9.6% allowed ROE + practical cost reimbursement. Diversified into clean energy, FERC storage/pipelines & energy trading. Mid-double digit ROE, high single digit EPS growth, 50%+ payout ratio. Owned since 2002. Forward P/E compressed from 20x to 15x despite consistent quality—overlooked 'boring' stock now attractive.
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