New Jersey Resources COO Sells Shares Worth $167K
Patrick J. Migliaccio, Senior VP and COO of New Jersey Resources (NJR), sold 3,000 shares on August 14, 2026, for a total value of approximately $166,890 at an average price of $55.63 per share. The transaction left him with 32,202 directly held shares valued at around $1.7 million based on the closing stock price that day. The sale appears to be a routine profit-taking move rather than a sign of distress or lack of confidence in the company's future performance. Migliaccio still holds over 32,000 shares post-transaction and has no reported indirect ownership through trusts or other entities. The stock price was near its 52-week high at $55.60 per share on that date. New Jersey Resources operates as a diversified energy holding company with regulated natural gas distribution services to over half a million customers in New Jersey, alongside retail and wholesale energy solutions.
Tickers: $NJR
Topics: insider trading stock sales