NJR vs. ALE
Compare and contrast key facts about New Jersey Resources Corporation (NJR) and ALLETE, Inc. (ALE).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NJR or ALE.
Correlation
The correlation between NJR and ALE is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NJR vs. ALE - Performance Comparison
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Key characteristics
NJR:
0.45
ALE:
1.41
NJR:
0.76
ALE:
2.36
NJR:
1.10
ALE:
1.29
NJR:
0.40
ALE:
0.63
NJR:
1.77
ALE:
11.28
NJR:
4.99%
ALE:
0.82%
NJR:
18.95%
ALE:
6.04%
NJR:
-50.72%
ALE:
-74.12%
NJR:
-10.02%
ALE:
-6.19%
Fundamentals
NJR:
$4.75B
ALE:
$3.79B
NJR:
$4.12
ALE:
$3.19
NJR:
11.48
ALE:
20.52
NJR:
1.86
ALE:
2.82
NJR:
2.29
ALE:
2.48
NJR:
1.92
ALE:
1.34
NJR:
$2.07B
ALE:
$1.53B
NJR:
$831.69M
ALE:
$440.30M
NJR:
$505.58M
ALE:
$354.80M
Returns By Period
In the year-to-date period, NJR achieves a 0.18% return, which is significantly lower than ALE's 2.34% return. Over the past 10 years, NJR has outperformed ALE with an annualized return of 7.52%, while ALE has yielded a comparatively lower 6.98% annualized return.
NJR
0.18%
-3.20%
-0.82%
8.47%
12.55%
7.52%
ALE
2.34%
1.63%
2.77%
8.47%
9.47%
6.98%
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Risk-Adjusted Performance
NJR vs. ALE — Risk-Adjusted Performance Rank
NJR
ALE
NJR vs. ALE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Jersey Resources Corporation (NJR) and ALLETE, Inc. (ALE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
NJR vs. ALE - Dividend Comparison
NJR's dividend yield for the trailing twelve months is around 3.82%, less than ALE's 4.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NJR New Jersey Resources Corporation | 3.82% | 3.73% | 3.63% | 3.03% | 3.39% | 3.63% | 2.71% | 2.47% | 2.62% | 2.79% | 2.82% | 2.84% |
ALE ALLETE, Inc. | 4.34% | 4.35% | 4.43% | 4.03% | 3.80% | 3.99% | 2.90% | 2.94% | 2.88% | 3.24% | 3.97% | 3.55% |
Drawdowns
NJR vs. ALE - Drawdown Comparison
The maximum NJR drawdown since its inception was -50.72%, smaller than the maximum ALE drawdown of -74.12%. Use the drawdown chart below to compare losses from any high point for NJR and ALE. For additional features, visit the drawdowns tool.
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Volatility
NJR vs. ALE - Volatility Comparison
New Jersey Resources Corporation (NJR) has a higher volatility of 5.18% compared to ALLETE, Inc. (ALE) at 1.40%. This indicates that NJR's price experiences larger fluctuations and is considered to be riskier than ALE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
NJR vs. ALE - Financials Comparison
This section allows you to compare key financial metrics between New Jersey Resources Corporation and ALLETE, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NJR vs. ALE - Profitability Comparison
NJR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, New Jersey Resources Corporation reported a gross profit of 375.73M and revenue of 913.03M. Therefore, the gross margin over that period was 41.2%.
ALE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, ALLETE, Inc. reported a gross profit of 140.30M and revenue of 400.20M. Therefore, the gross margin over that period was 35.1%.
NJR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, New Jersey Resources Corporation reported an operating income of 279.26M and revenue of 913.03M, resulting in an operating margin of 30.6%.
ALE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, ALLETE, Inc. reported an operating income of 53.00M and revenue of 400.20M, resulting in an operating margin of 13.2%.
NJR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, New Jersey Resources Corporation reported a net income of 204.29M and revenue of 913.03M, resulting in a net margin of 22.4%.
ALE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, ALLETE, Inc. reported a net income of 56.10M and revenue of 400.20M, resulting in a net margin of 14.0%.