The portfolio of stocks I started building on September 8, at a one stock per week pace for the next year, is named Vista.  I will select its ninth stock this coming weekend. Vista is the sixth portfolio I've built (at a one dividend dog per-week pace) since 2014. Six portfolios = VI for Vista!

Vista is planned to Look Ahead for Outstanding, Proven, Dividend Winners. (Like Aristocrats)

Today we'll review the third of five utilities sector stock candidates vying to be that tenth selection and only utility member of the Vista portfolio.

My subject today is a mid-cap regulated gas utility, named New Jersey Resources Corp. Its trading ticker symbol is NJR. This is my first report on New Jersey Resources Corp for any of my portfolios.

New Jersey Resources is an energy services holding company with regulated and nonregulated operations. 

Its regulated utility, New Jersey Natural Gas, delivers natural gas to 550,000 customers in the state. NJR's nonregulated businesses include retail gas supply and solar investments primarily in New Jersey. 

NJR also is an equity investor and owner in several large midstream gas projects.

The company offers heating, ventilation, and cooling services; holds commercial real estate properties; and provides solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. 

New Jersey Resources Corporation was founded in 1922 and is based in Wall, New Jersey.

I use three key data points to gauge dividend equities or funds like New Jersey Resources Corp:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

NJR Price

NJR's price per share closed at $36.27 yesterday. A year ago its price was $40.61. Price fell $4.34 or about 10.7% last year.

If NJR's stock trades in the range of $25 to $40 this next year, its recent $36.27 price might rise by $1.73 to reach $38.00 by November 11, 2021. 

NJR Dividends

NJR's most recently declared quarterly dividend was $0.3325 paid October 1st. Dividends are estimated to total $1.33 per share annually and yield 3.67% at yesterday's $36.27 closing price.

NJR Gains?

Adding the $1.33 annual anticipated dividend to my $1.73 optimistic estimate of Jersey Resources Corp's price upside shows a $3.06 potential gross gain, per share, to be reduced by any costs to trade the shares.  

Put little over $1,000.00 today in Jersey Resources Corp at $36.27 and we would buy 28 shares of NJR stock.

A $10 broker fee (if any) paid half at purchase and half at sale could cost us about $0.36 per share.

Subtract that $0.36 brokerage cost from my estimated $3.06 gross gain per share results in a net gain of $2.70 X 28 shares = $75.60 for a 7.55% net gain on a $1,015.56 investment.

So it goes that Jersey Resources Corp shows a possible 7.55% net gain including a 3.67% dividend yield. It could be more, it could be less.      

All of the estimates above are speculation based on the past history of Jersey Resources Corp. Only time and money invested in this stock will determine its worth.