New Jersey Resources Corp
NJR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$43.00 | Bzfwrsf | Dwjvkvzm |
New Jersey Resources Has Attractive Portfolio of Assets Around Its Core Utility
Business Strategy and Outlook
New Jersey Resources remains at its core a growing regulated gas distribution utility. However, management's investments in nonregulated energy businesses such as solar and natural gas midstream are paying off nicely for investors.