Rep. Lisa C. McClain Sells Off Shares of NewJersey Resources Corporation (NYSE:NJR)

Representative Lisa C. McClain (R-Michigan) recently sold shares of NewJersey Resources Corporation (NYSE:NJR). In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in NewJersey Resources stock on June 11th.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Autoliv (NYSE:ALV) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Arthur J. Gallagher & Co. (NYSE:AJG) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of SAP (NYSE:SAP) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of XPO (NYSE:XPO) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Lithia Motors (NYSE:LAD) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Sanofi (NASDAQ:SNY) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Group 1 Automotive (NYSE:GPI) on 7/22/2025.

NewJersey Resources Stock Up 1.9%

Shares of NewJersey Resources stock opened at $47.8830 on Friday. The stock has a market capitalization of $4.81 billion, a P/E ratio of 11.71 and a beta of 0.64. The company has a quick ratio of 0.48, a current ratio of 0.76 and a debt-to-equity ratio of 1.25. The stock has a 50 day moving average price of $45.89 and a two-hundred day moving average price of $46.92. NewJersey Resources Corporation has a 12-month low of $43.80 and a 12-month high of $51.94.

NewJersey Resources (NYSE:NJR) last announced its earnings results on Monday, August 4th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.12. The firm had revenue of $298.95 million during the quarter, compared to analysts’ expectations of $305.05 million. NewJersey Resources had a return on equity of 17.08% and a net margin of 19.64%.The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.09) earnings per share. Equities analysts expect that NewJersey Resources Corporation will post 3.15 earnings per share for the current year.

Insider Buying and Selling at NewJersey Resources

In related news, COO Patrick J. Migliaccio sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $44.22, for a total transaction of $66,330.00. Following the transaction, the chief operating officer directly owned 35,690 shares of the company’s stock, valued at approximately $1,578,211.80. The trade was a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. cut their target price on NewJersey Resources from $56.00 to $51.00 and set an “overweight” rating for the company in a research note on Wednesday, May 28th. Raymond James Financial reaffirmed an “outperform” rating and issued a $50.00 target price (up from $49.00) on shares of NewJersey Resources in a research report on Friday, August 8th. Wells Fargo & Company raised their target price on NewJersey Resources from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 7th. Wall Street Zen raised NewJersey Resources from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Mizuho reduced their target price on NewJersey Resources from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC raised its stake in shares of NewJersey Resources by 0.8% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 31,318 shares of the utilities provider’s stock worth $1,404,000 after purchasing an additional 236 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of NewJersey Resources by 42.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 839 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 248 shares in the last quarter. Jacobi Capital Management LLC raised its stake in shares of NewJersey Resources by 1.0% during the 1st quarter. Jacobi Capital Management LLC now owns 28,505 shares of the utilities provider’s stock worth $1,398,000 after purchasing an additional 275 shares in the last quarter. IFP Advisors Inc raised its stake in shares of NewJersey Resources by 23.1% during the 2nd quarter. IFP Advisors Inc now owns 1,504 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 282 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of NewJersey Resources by 0.8% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 33,860 shares of the utilities provider’s stock worth $1,518,000 after purchasing an additional 282 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About NewJersey Resources

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets.