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

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).

What is the scale of this disposition relative to the insider's total equity? Patrick J. Migliaccio liquidated 3,000 shares in this transaction. Following the sale, his remaining direct position consists of 32,202 shares of common stock.

Does the insider maintain any indirect interest in the firm? The current disclosure shows that the insider's holdings are concentrated in direct ownership. While a footnote mentions minor market-based adjustments to a 401(k) plan balance, no shares were reported as held through external trusts, LLCs, or other indirect entities.

How does the current valuation compare to the transaction price? The weighted average execution price of $55.63 per share was closely aligned with the market close of $55.60 on Aug. 14, 2026. This activity occurred with the stock priced at levels reflecting a 17% total return over the preceding 12-month period.

Share Price (as of market close 2026-08-14)

New Jersey Resources operates as a diversified energy holding company providing regulated natural gas distribution services to approximately 564,000 residential and commercial customers, complemented by retail and wholesale energy solutions across multiple business segments.

The company generates revenue through its Clean Energy Ventures, Storage and Transportation, and its regulated gas business.

NJR primarily serves residential and commercial customers in New Jersey and surrounding regions through its regulated natural gas utility platform, while also offering energy solutions to wholesale and retail market participants seeking diversified energy products and services.

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.