NJR's outperformance in 2018 and wind asset sales should help self-fund investments.
We are reaffirming our $32 fair value estimate for New Jersey Resources after the company reported an $8 million loss on an adjusted basis in the fiscal third quarter, down from a $17.4 million gain in last year's third quarter. We are reaffirming our narrow moat and stable moat trend ratings.Management raised its fiscal 2018 net financial earnings per share guidance range to $2.60-$2.70, up $0.10 per share. We already anticipated earnings would top management's previous guidance range, so we a...
New Jersey Resources is an energy services holding company whose principal business is the distribution of natural gas through a regulated utility, providing other retail and wholesale energy services to customers and investing in clean energy projects and midstream assets. The company's segments are: Natural Gas Distribution, which consists of regulated natural gas services, off-system sales, capacity and storage management operations; Clean Energy Ventures, which consists of capital investments in clean energy projects; Energy Services, which consists of unregulated wholesale and retail energy operations; and Midstream, which consists of investments in the midstream natural gas market.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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