NewJersey Resources (NYSE:NJR) COO Patrick Migliaccio Sells 3,000 Shares

13 May 2026, 17:42 by Renee Jackson · The Cerbat Gem

NewJersey Resources Corporation (NYSE:NJR – Get Free Report) COO Patrick Migliaccio sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $55.84, for a total value of $167,520.00. Following the completion of the sale, the chief operating officer owned 35,202 shares of the company’s stock, valued at $1,965,679.68. This trade represents a 7.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

NewJersey Resources Stock Performance

Shares of NYSE NJR traded up $0.17 during trading on Wednesday, reaching $57.13. The stock had a trading volume of 557,301 shares, compared to its average volume of 551,316. NewJersey Resources Corporation has a one year low of $43.46 and a one year high of $57.85. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.80 and a current ratio of 0.94. The stock has a market cap of $5.77 billion, a PE ratio of 16.95 and a beta of 0.51. The firm’s 50 day moving average price is $55.27 and its two-hundred day moving average price is $50.54.

NewJersey Resources (NYSE:NJR – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.31. NewJersey Resources had a return on equity of 14.58% and a net margin of 15.67%.The business had revenue of $939.40 million during the quarter, compared to the consensus estimate of $849.95 million. During the same period in the previous year, the business earned $1.78 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. On average, research analysts forecast that NewJersey Resources Corporation will post 3.5 earnings per share for the current fiscal year.

NewJersey Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, June 10th. NewJersey Resources’s payout ratio is 56.38%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NJR. Williams Trading set a $55.00 price target on NewJersey Resources in a report on Tuesday, February 3rd. Mizuho boosted their price target on NewJersey Resources from $54.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Raymond James Financial reiterated an “outperform” rating on shares of NewJersey Resources in a report on Tuesday, February 3rd. Wells Fargo & Company began coverage on NewJersey Resources in a report on Tuesday. They issued an “overweight” rating and a $63.00 price target for the company. Finally, Wall Street Zen upgraded NewJersey Resources from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat.com, NewJersey Resources presently has a consensus rating of “Buy” and an average price target of $56.17.

Check Out Our Latest Research Report on NJR

Hedge Funds Weigh In On NewJersey Resources

Several hedge funds and other institutional investors have recently modified their holdings of NJR. Measured Wealth Private Client Group LLC acquired a new position in shares of NewJersey Resources during the third quarter valued at $28,000. Bessemer Group Inc. increased its holdings in shares of NewJersey Resources by 60.1% during the third quarter. Bessemer Group Inc. now owns 613 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 230 shares during the period. Root Financial Partners LLC raised its stake in shares of NewJersey Resources by 56.5% during the first quarter. Root Financial Partners LLC now owns 526 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 190 shares in the last quarter. Torren Management LLC bought a new stake in shares of NewJersey Resources during the fourth quarter valued at about $35,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of NewJersey Resources by 118.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 933 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 505 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

About NewJersey Resources

(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.