Discover why New Jersey Resources offers strong utility growth, clean energy expansion, and a 4% dividend yield.

According to my discounted cash flow valuation, at its base case, the net present value for NJR is $46.62, meaning, at its current price of $42.71, the stock is undervalued by ~8%.

New Jersey Resources Corp (NJR) ... Rate Base: $3.2 billion following the approval of the base rate case. Capital Expenditures: $127 million invested in New Jersey Natural Gas during the quarter.

NJR's gas distribution utility has reached constructive outcomes in its last four base rate cases going back to 2016, including a settlement in late 2024 that will raise rates $157 million.

New Jersey Resources NJR continues to benefit from its infrastructure upgrades that help serve its expanding customer base more efficiently. Given its earnings growth opportunities and strong ...

New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR), filed a petition with the New Jersey Board of Public Utilities (BPU) requesting an increase of $222.6 ...