New Jersey Resources Corp
NJR: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| >>% | LOCK|$F&s> | LOCK|Bb$^c%^ |
NJR's Growth Plan Includes Gas Distribution, Midstream, and Solar Investments
Business Strategy and Outlook
New Jersey Resources is one of the few US utilities that has committed to maintaining and growing a diverse set of businesses, including rate-regulated natural gas distribution, gas midstream assets, and renewable energy investments. Management's investments across all of its companies have paid off nicely for investors so far.
