Is NewJersey Resources (NJR) Outperforming Other Utilities Stocks This Year?

Company Overview - New Jersey Resources (NJR) is a notable stock within the Utilities sector, which consists of 104 individual stocks and ranks 3 in the Zacks Sector Rank [2] - NJR currently holds a Zacks Rank of 2 (Buy), indicating a favorable outlook based on earnings estimate revisions and improving earnings outlooks [3] Performance Analysis - Over the past 90 days, the Zacks Consensus Estimate for NJR's full-year earnings has increased by 3.1%, reflecting improved analyst sentiment [4] - Year-to-date, NJR has returned approximately 3.5%, outperforming the average return of 2.5% for Utilities companies [4] - NJR belongs to the Utility - Gas Distribution industry, which ranks 27 in the Zacks Industry Rank, while this industry has seen an average loss of 5.8% year-to-date, further highlighting NJR's strong performance [6] Comparison with Peers - Another outperforming stock in the Utilities sector is OGE Energy (OGE), which has returned 8.2% year-to-date and also holds a Zacks Rank of 2 (Buy) [5] - OGE Energy is part of the Utility - Electric Power industry, currently ranked 82, which has seen a year-to-date increase of 2.7% [6] Investment Outlook - Both New Jersey Resources and OGE Energy are positioned for continued solid performance, making them attractive options for investors interested in Utilities stocks [7]