New Jersey Resources Corp

NJR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$73.00	Qqwcsrk	Vvynfhvvq

New Jersey Resources: Rate Case Will Test Regulatory Relationships

Travis Miller

Feb 2, 2024

We are reaffirming our $46 fair value estimate and narrow moat rating for New Jersey Resources after the firm filed a request with New Jersey regulators to raise customers' gas rates by $222.6 million.

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