New Jersey Resources Corp
NYSE:NJR
During the last 3 months New Jersey Resources Corp insiders have not bought any shares, and have not sold any shares. The stock price has increased by 3% over this period (open performance analysis).
The last transaction was made on
Dec 23, 2024
by
Migliaccio Patrick J.
(Senior Vice President and Chief Financial Officer)
, who
sold
229.2k USD
worth of NJR shares.
During the last 3 months New Jersey Resources Corp insiders have not bought any shares, and have not sold any shares. The stock price has increased by 3% over this period (open performance analysis).
The last transaction was made on
Dec 23, 2024
by
Migliaccio Patrick J.
(Senior Vice President and Chief Financial Officer)
, who
sold
229.2k USD
worth of NJR shares.
New Jersey Resources Corp
Glance View
Nestled in the economic tapestry of the Garden State, New Jersey Resources Corp. stands as a pivotal player in the energy sector, primarily through its regulated utility company, New Jersey Natural Gas. This core branch serves as the backbone, distributing natural gas to over half a million customers across New Jersey, an area characterized by its dense population and sprawling suburban communities. The company’s operational prowess is anchored in its ability to ensure reliable, year-round gas distribution to residential, commercial, and industrial customers. By focusing on the delivery of this essential service, New Jersey Resources secures a steady revenue stream, safeguarded by state regulatory frameworks that allow for measured rate increases to cover operational costs and maintain profitability. Beyond the utility operations, New Jersey Resources ventures into clean energy projects and energy services, navigating the evolving landscape of renewable energy. Its subsidiary, NJR Clean Energy Ventures, invests in solar and onshore wind projects, capitalizing on the growing demand for sustainable energy sources. Meanwhile, NJR Energy Services participates in energy trading markets, optimizing the procurement and management of natural gas supplies. By diversifying its portfolio, the company not only mitigates risk but also positions itself at the forefront of the transition towards greener energy solutions. This strategic layering of business segments underscores New Jersey Resources' commitment to growth and adaptation in an ever-changing energy market, ensuring its resilience and relevance in both current and future energy paradigms.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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