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Stock Market & Financial Investment News

News Breaks
March 12, 2014
08:29 EDTNJRNew Jersey Resources raises FY14 EPS view to $3.90-$4.10 from $2.75-$2.95
Consensus is $2.87. The increase in guidance is due to significantly better-than-anticipated results at NJR Energy Services, a provider of producer and physical natural gas services. This winter, demand for natural gas increased considerably in regions affected by the sustained extreme cold weather across the United States, especially in the Midwest. During this period of high demand and volatility, NJRES effectively utilized its strategically located portfolio of natural gas storage and transportation contracts to meet the needs of its customers in these regions. NJR has raised its average annual long-term NFE-per-share growth rate goal to a range of 5 to 9 percent from the previous range of 4%-7%. In addition, the company has increased its annual dividend growth rate forecast to a range of 6%-8%, up from 5%. NJR’s long-term payout ratio goal remains unchanged at a range of 60%-65%. NJR continues to expect that between 65%-80% of its long-term earnings will be generated by its regulated businesses. Comments taken from an 8K filing.
News For NJR From The Last 14 Days
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July 22, 2015
13:30 EDTNJRNew Jersey Resources approved to continue SAVEGREEN Project
New Jersey Natural Gas, the regulated subsidiary of New Jersey Resources, received approval from the New Jersey Board of Public Utilities to continue its energy-efficiency offerings under The SAVEGREEN Project through July 31, 2017. Launched in September 2009, SAVEGREEN offers NJNG customers programs that provide financial incentives for investments in energy-efficient equipment and whole-house improvements to reduce energy costs and increase comfort, as well as facility upgrades. These programs complement those administered by New Jersey’s Clean Energy Program and support the goals of the state’s Energy Master Plan to lower customer costs, improve natural gas energy efficiency and conservation, reduce emissions and encourage economic development. With the approval, NJNG will invest more than $75M over the next two years. The majority of SAVEGREEN programs remain unchanged, with some modifications mainly due to NJNG’s experience in the marketplace to better meet customers’ needs and the changing market dynamics.
July 16, 2015
10:00 EDTNJROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Arc Logistics (ARCX) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Buy from Hold at Deutsche Bank... FreightCar America (RAIL) upgraded to Neutral from Sell at UBS... Frontier Communications (FTR) upgraded to Buy from Hold at Jefferies... Google (GOOG) upgraded to Outperform from Market Perform at BMO Capital... Intel (INTC) upgraded to Buy from Hold at Needham... Medtronic (MDT) upgraded to Buy from Neutral at BTIG... Netflix (NFLX) upgraded to Buy from Neutral at Rosenblatt... New Jersey Resources (NJR) upgraded to Buy from Hold at Argus... ONEOK Partners (OKS) upgraded to Outperform from Perform at Oppenheimer... Patterson-UTI (PTEN) upgraded to Overweight from Equal Weight at Morgan Stanley... SJM Holdings (SJMHY) upgraded to Overweight from Underweight at JPMorgan... Statoil (STO) upgraded to Buy from Neutral at Citi... SunOpta (STKL) upgraded to Outperform from Sector Perform at Scotia Howard Weil... Viacom (VIAB) upgraded to Neutral from Sell at Citi... Walgreens Boots Alliance (WBA) upgraded to Outperform from Neutral at Credit Suisse... Werner (WERN) upgraded on 'compelling' valuation at Wells Fargo... Wisconsin Energy (WEC) upgraded to Outperform from Neutral at Baird... voxeljet (VJET) upgraded to Overweight from Neutral at Piper Jaffray.
07:56 EDTNJRNew Jersey Resources upgraded to Buy from Hold at Argus
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