New Jersey Resources COO Sells 3,000 Shares for $167,000
Patrick Migliaccio reduced his direct equity stake, leaving him with 32,202 shares.
Patrick J. Migliaccio, Senior Vice President and Chief Operating Officer of New Jersey Resources Corporation (NYSE:NJR), sold 3,000 shares of the company's common stock on August 14, 2026. According to the SEC Form 4 filing, the transaction yielded a total value of $167,000, based on a weighted average sale price of $55.63 per share.
The value after the transaction, calculated using the market price at the close of trading on August 14, 2026, was $55.60 per share. NJNG, a major player in the energy infrastructure sector, reported a trailing twelve-month revenue of $2.2 billion, making it a significant entity in the regulated utility industry. The company's diverse business model, encompassing distribution, clean energy initiatives, energy services, and storage infrastructure, offers a variety of revenue streams and operational flexibility.
NJNG's competitive advantage is bolstered by its regulatory utility foundation, which provides stable cash flows, complemented by strategic investments in clean energy and energy services that align with contemporary market trends and regulatory developments.
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