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.
NJR's customer base continues to grow faster than the national average and includes the wealthier regions of New Jersey.
Rising interest rates can be headwinds for utilities as higher debt costs slow earnings growth and dividend yields are less attractive compared with fixed-income alternatives.
|
Metric
|
NJR
|
CNP
|
ATO
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.05 | 19.48 | 18.66 |
Price/Book Value | 1.96 | 2.09 | 1.73 |
Price/Sales | 2.32 | 2.55 | 5.28 |
Price/Cash Flow | 8.34 | 8.34 | 10.52 |
|
Metric
|
NJR
|
CNP
|
ATO
|
|---|---|---|---|
Quick Ratio | 0.25 | 0.35 | 0.54 |
Current Ratio | 0.66 | 1.12 | 0.81 |
Interest Coverage | 4.41 | 2.31 | 13.10 |
|
Metric
|
NJR
|
CNP
|
ATO
|
|---|---|---|---|
Return on Assets (Normalized) | 4.47% | 2.42% | 4.54% |
Return on Equity (Normalized) | 13.77% | 9.94% | 9.40% |
Return on Invested Capital (Normalized) | 7.16% | 5.72% | 6.00% |
|
1-Day Chart
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United States