NewJersey Resources (NYSE:NJR) COO Sells $186,629.82 in Stock

29 Dec 2025, 17:29 by Scott Moore · The Cerbat Gem

NewJersey Resources Corporation (NYSE:NJR – Get Free Report) COO Patrick Migliaccio sold 4,017 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $46.46, for a total transaction of $186,629.82. Following the transaction, the chief operating officer directly owned 38,065 shares of the company’s stock, valued at approximately $1,768,499.90. This trade represents a 9.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

NewJersey Resources Trading Up 0.7%

NewJersey Resources stock traded up $0.33 during trading on Monday, hitting $46.38. The company had a trading volume of 396,948 shares, compared to its average volume of 616,599. The company has a current ratio of 0.73, a quick ratio of 0.40 and a debt-to-equity ratio of 1.36. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 13.93 and a beta of 0.61. NewJersey Resources Corporation has a 1-year low of $43.46 and a 1-year high of $50.76. The company’s 50 day simple moving average is $46.18 and its 200-day simple moving average is $46.25.

NewJersey Resources (NYSE:NJR – Get Free Report) last issued its quarterly earnings results on Wednesday, November 19th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. NewJersey Resources had a net margin of 16.48% and a return on equity of 13.73%. The company had revenue of $336.08 million for the quarter, compared to analyst estimates of $307.30 million. During the same period in the prior year, the firm earned $0.89 earnings per share. The business’s revenue for the quarter was down 15.1% compared to the same quarter last year. NewJersey Resources has set its FY 2026 guidance at 3.030-3.180 EPS. As a group, analysts expect that NewJersey Resources Corporation will post 3.15 EPS for the current fiscal year.

NewJersey Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, December 12th. NewJersey Resources’s dividend payout ratio is presently 57.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NJR shares. Raymond James Financial reissued an “outperform” rating and set a $53.00 target price on shares of NewJersey Resources in a research report on Thursday, November 20th. Mizuho raised NewJersey Resources from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $51.00 to $54.00 in a research note on Wednesday, December 17th. Wall Street Zen downgraded shares of NewJersey Resources from a “hold” rating to a “sell” rating in a report on Sunday. New Street Research set a $54.00 price objective on NewJersey Resources in a research report on Wednesday, December 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NewJersey Resources in a report on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $52.86.

Get Our Latest Stock Report on NewJersey Resources

Institutional Investors Weigh In On NewJersey Resources

Several hedge funds have recently made changes to their positions in the business. Measured Wealth Private Client Group LLC acquired a new position in NewJersey Resources in the third quarter valued at $28,000. Bessemer Group Inc. lifted its holdings in shares of NewJersey Resources by 60.1% during the 3rd quarter. Bessemer Group Inc. now owns 613 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 230 shares during the period. Tradewinds Capital Management LLC purchased a new position in shares of NewJersey Resources during the 3rd quarter worth about $30,000. Cullen Frost Bankers Inc. grew its holdings in NewJersey Resources by 153.0% in the second quarter. Cullen Frost Bankers Inc. now owns 754 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 456 shares during the period. Finally, Parallel Advisors LLC increased its position in NewJersey Resources by 56.9% during the third quarter. Parallel Advisors LLC now owns 1,001 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 363 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

NewJersey Resources Company Profile

(Get Free Report)

New Jersey Resources Corporation is a publicly traded energy services holding company headquartered in Wall Township, New Jersey. The firm’s primary focus is on the safe and reliable distribution of natural gas, along with complementary energy services and renewable energy investments. Its operations center on delivering cost-effective solutions to residential, commercial and industrial customers throughout the state.