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

Posted by Tammy Falkenburg on Aug 24th, 2025

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 Price Performance

NewJersey Resources stock traded up $0.8730 on Friday, reaching $47.8830. The company’s stock had a trading volume of 492,188 shares, compared to its average volume of 618,437. The business’s fifty day moving average price is $45.89 and its 200 day moving average price is $46.92. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.48 and a current ratio of 0.76. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 11.71 and a beta of 0.64. NewJersey Resources Corporation has a twelve month low of $43.80 and a twelve month high of $51.94.

NewJersey Resources (NYSE:NJR – Get Free Report) last announced its earnings results on Monday, August 4th. The utilities provider reported $0.06 earnings per share 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 analyst estimates of $305.05 million. NewJersey Resources had a net margin of 19.64% and a return on equity of 17.08%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) EPS. Equities analysts expect that NewJersey Resources Corporation will post 3.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on NewJersey Resources

Hedge Funds Weigh In On NewJersey Resources

A number of hedge funds have recently made changes to their positions in NJR. Dimensional Fund Advisors LP raised its stake in shares of NewJersey Resources by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,424,736 shares of the utilities provider’s stock valued at $168,019,000 after acquiring an additional 115,570 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of NewJersey Resources by 0.7% in the second quarter. Geode Capital Management LLC now owns 2,545,394 shares of the utilities provider’s stock valued at $114,097,000 after acquiring an additional 16,954 shares in the last quarter. Millennium Management LLC boosted its stake in shares of NewJersey Resources by 66.0% during the fourth quarter. Millennium Management LLC now owns 1,363,495 shares of the utilities provider’s stock valued at $63,607,000 after purchasing an additional 542,089 shares in the last quarter. Northern Trust Corp raised its stake in NewJersey Resources by 18.5% in the fourth quarter. Northern Trust Corp now owns 1,350,358 shares of the utilities provider’s stock worth $62,994,000 after buying an additional 210,538 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in NewJersey Resources by 0.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,274,588 shares of the utilities provider’s stock worth $62,531,000 after buying an additional 7,132 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Activity at NewJersey Resources

In related news, COO Patrick J. Migliaccio sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $44.22, for a total transaction of $66,330.00. Following the completion of the sale, the chief operating officer owned 35,690 shares of the company’s stock, valued at $1,578,211.80. This represents a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.72% of the company’s stock.

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

(Get Free Report)

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.