New Jersey Resources COO Sells 3,000 Shares for $167,000

Published August 24, 2026 · Category: Finance

Overview

Patrick J. Migliaccio, Senior VP and COO, and NJNG at New Jersey Resources (NYSE:NJR), sold 3,000 shares of common stock on Aug. 14, 2026, according to an SEC Form 4 filing.

Transaction value based on SEC Form 4 weighted average sale price ($55.63); post-transaction value based on Aug. 14, 2026, market close ($55.60).

Details

New Jersey Resources is a substantial energy infrastructure operator with $2.2 billion in TTM revenue, positioning it as a significant player in the regulated utility sector. The company's diversified business model across distribution, clean energy ventures, energy services, and storage infrastructure provides multiple revenue streams and operational leverage. NJR's competitive positioning is reinforced by its regulated utility foundation, which offers stable cash flows, combined with strategic investments in clean energy and energy services that align with evolving market dynamics and regulatory priorities.

Continue reading

Source

Originally published at www.fool.com.

Related Articles

• CNBC's The China Connection newsletter: Robots need help learning human skills. These AI companies are rushing to meet the demand
• Los Angeles Lakers worth 'every bit' of $12.5 billion price tag: 76ers and Commanders owner Josh Harris
• Primerica President Sells 1,800 Shares for $562,770