|Bid||44.01 x 800|
|Ask||46.54 x 1000|
|Day's Range||43.67 - 44.61|
|52 Week Range||42.74 - 51.83|
|Beta (3Y Monthly)||0.52|
|PE Ratio (TTM)||29.06|
|Earnings Date||Nov 18, 2019 - Nov 22, 2019|
|Forward Dividend & Yield||1.25 (2.87%)|
|1y Target Est||49.00|
New Jersey Governor Phil Murphy tweeted on Friday that state environmental regulators denied a permit that PennEast Pipeline Co needed to build its proposed $1 billion natural gas pipe from Pennsylvania to New Jersey. The decision followed a ruling by a U.S. appeals court in September that barred PennEast from using federal law to seize properties controlled by New Jersey to build the project. In his tweet, Murphy posted a letter from the New Jersey Department of Environmental Protection denying PennEast's application for a Water Quality Certificate because the company "no longer has the legal authority to perform activities on 49 properties along the proposed pipeline" route after the court ruling.
New Jersey Resources (NJR) today announced the appointment of John Bremner as Vice President of NJR Midstream. In this role, Mr. Bremner will be responsible for leading the company’s midstream business, including overseeing the midstream team, developing and executing new growth opportunities, creating operational efficiencies and overseeing all strategies related to NJR’s pipeline and storage assets. “We are very pleased to welcome John Bremner to our team,” said Steve Westhoven, President and CEO of New Jersey Resources.
DOVER, Del. , Oct. 9, 2019 /PRNewswire/ -- Chesapeake Utilities Corporation (Chesapeake Utilities) (NYSE: CPK) today announced that it is exiting the natural gas marketing business through the sale of ...
Following New Jersey Resources’ (NJR) previously announced succession plan, the board formally appointed Steve Westhoven as President and Chief Executive Officer (CEO) of NJR and its principal subsidiaries, including New Jersey Natural Gas, effective October 1, 2019. Laurence M. Downes will retire as CEO on September 30, 2019 and will continue to serve as Chairman of the Board until the company’s Annual Shareowners Meeting in January 2020. “I appreciate the confidence the board has placed in me as the next President and CEO of New Jersey Resources,” said Steve Westhoven, President and Chief Operating Officer at New Jersey Resources.
A U.S. appeals court on Tuesday barred PennEast Pipeline Co from using a federal law to seize properties controlled by the state of New Jersey in order to build a proposed $1 billion natural gas pipeline. The U.S. Court of Appeals for the Third Circuit said in its decision that the U.S. Natural Gas Act does not allow companies to condemn state controlled land in federal court because states enjoy sovereign immunity from such actions under the Eleventh Amendment of the U.S. Constitution. PennEast obtained approval from the U.S. Federal Energy Regulatory Commission to build the pipeline from Pennsylvania to New Jersey in January 2018 and promptly sued in federal district court to use the federal government's eminent domain power to gain access to 131 properties along the route in New Jersey under the U.S. Natural Gas Act.
Today, the board of directors of New Jersey Resources unanimously approved a 6.8 percent increase in the quarterly dividend rate to $.3125 per share from $.2925 per share.
A U.S. appeals court on Tuesday barred PennEast Pipeline Co from using a federal law to seize properties controlled by the state of New Jersey in order to build a proposed $1 billion natural gas pipeline from Pennsylvania to New Jersey. The U.S. Court of Appeals for the Third Circuit said in its decision that the U.S. Natural Gas Act does not allow companies to condemn state controlled land in federal court because states enjoy sovereign immunity from such actions under the Eleventh Amendment of the U.S. Constitution.
NJR Midstream, a business of New Jersey Resources (NJR), announced it has entered into an agreement to acquire Leaf River Energy Center, LLC (Leaf River) from Macquarie Infrastructure Partners, which operates within the Macquarie Infrastructure and Real Assets division of the Macquarie Group. The agreement purchase price for Leaf River is $367.5 million subject to certain contractual conditions.
Chairman & CEO of New Jersey Resources Corp (30-Year Financial, Insider Trades) Laurence M Downes (insider trades) sold 22,000 shares of NJR on 08/13/2019 at an average price of $45 a share. Continue reading...
New Jersey Resources (NJR) delivered earnings and revenue surprises of -253.85% and -26.63%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
CenterPoint Energy's (CNP) service territories witnesses above-average temperature along with heavy rainfall in the second quarter, which is likely to boost its quarterly results.
New Jersey Resources (NJR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]