Insider Selling: NewJersey Resources (NYSE:NJR) COO Sells 3,000 Shares of Stock

May 14, 2026 by InsiderTrades.com

Key Points

NJ Resources COO Patrick Migliaccio sold 3,000 shares on May 11 at an average price of $55.84, totaling about $167,520 and reducing his holdings by 7.85%.
The company recently beat quarterly earnings estimates, reporting $2.20 EPS versus $1.89 expected, with revenue of $939.4 million and raising FY2026 guidance to $3.48-$3.63 EPS.
NewJersey Resources announced a quarterly dividend of $0.475 per share, payable July 1, representing an annualized yield of about 3.3%.

NewJersey Resources Corporation (NYSE:NJR - Get Free Report) COO Patrick Migliaccio sold 3,000 shares of the business's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $55.84, for a total transaction of $167,520.00. Following the completion of the sale, the chief operating officer directly owned 35,202 shares in the company, valued at approximately $1,965,679.68. This represents a 7.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NewJersey Resources Stock Performance

Shares of NJR stock opened at $57.13 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 1.24. The company's fifty day simple moving average is $55.33 and its 200-day simple moving average is $50.62. NewJersey Resources Corporation has a 12 month low of $43.46 and a 12 month high of $57.85. The firm has a market cap of $5.77 billion, a PE ratio of 16.95 and a beta of 0.51.

NewJersey Resources (NYSE:NJR - Get Free Report) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.20 EPS for the quarter, beating the consensus estimate of $1.89 by $0.31. NewJersey Resources had a net margin of 15.67% and a return on equity of 14.58%. The firm had revenue of $939.40 million for the quarter, compared to the consensus estimate of $849.95 million. During the same period in the previous year, the company earned $1.78 earnings per share. The company'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. Equities research analysts expect that NewJersey Resources Corporation will post 3.5 EPS for the current fiscal year.

NewJersey Resources Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on NJR. Raymond James Financial restated an "outperform" rating on shares of NewJersey Resources in a research note on Tuesday, February 3rd. Wall Street Zen upgraded shares of NewJersey Resources from a "sell" rating to a "hold" rating in a research note on Saturday, February 7th. Williams Trading set a $55.00 price objective on shares of NewJersey Resources in a research report on Tuesday, February 3rd. Mizuho upped their price objective on shares of NewJersey Resources from $54.00 to $61.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 21st. Finally, Argus raised shares of NewJersey Resources to a "strong-buy" rating in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat, NewJersey Resources has an average rating of "Buy" and an average price target of $56.17.

View Our Latest Report on NewJersey Resources

Institutional Investors Weigh In On NewJersey Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in NewJersey Resources during the third quarter worth about $28,000. Bessemer Group Inc. lifted its holdings in shares of NewJersey Resources by 60.1% in the third 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 last quarter. Root Financial Partners LLC lifted its holdings in shares of NewJersey Resources by 56.5% in the first quarter. Root Financial Partners LLC now owns 526 shares of the utilities provider's stock worth $29,000 after acquiring an additional 190 shares during the last quarter. Torren Management LLC bought a new position in shares of NewJersey Resources in the fourth quarter worth about $35,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of NewJersey Resources by 118.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 933 shares of the utilities provider's stock worth $43,000 after acquiring an additional 505 shares during the last quarter. Institutional investors 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.

The company's principal subsidiary, New Jersey Natural Gas, owns and operates an extensive pipeline network that spans northern, central and southern New Jersey.