New Jersey Resources Corp (NJR): George R Zoffinger , director of New Jersey Resources Corp sold 9,743 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $35.00 per share for a total value of $338,744.12 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 24, 2016, Mariellen Dugan (Sr. V.P. & General Counsel) sold 9,511 shares at $35.60 per share price.On Mar 17, 2016, Jane M Kenny (director) sold 4,500 shares at $35.00 per share price.Also, On Mar 15, 2016, Patrick J. Migliaccio (Senior VP and CFO) sold 1,800 shares at $34.45 per share price.On Mar 9, 2016, M William Jr Howard (director) sold 2,000 shares at $35.00 per share price.
New Jersey Resources Corp: On Thursday, May 19, 2016 heightened volatility was witnessed in New Jersey Resources Corp which led to swings in the share price. The shares opened for trading at $34.12 and hit $34.47 on the upside , eventually ending the session at $34.44, with a gain of 0.38% or 0.13 points. The heightened volatility saw the trading volume jump to 4,63,392 shares. The 52-week high of the share price is $37.17 and the company has a market cap of $2,964 M . The 52-week low of the share price is at $26.77.
Company has been under the radar of several Street Analysts.New Jersey Resources Corp is Initiated by BB&T Capital Mkts to Hold. The Rating was issued on Mar 30, 2016.
New Jersey Resources Corporation (NJR) is an energy services holding company that provides retail and wholesale energy services to customers primarily in the Gulf Coast Mid-Continent Appalachian Northeastern and Western market areas of the United States as well as Canada. The Company operates within four reportable business segments: Natural Gas Distribution Clean Energy Ventures Energy Services and Midstream (formerly Energy Holdings). The Natural Gas Distribution segment consists of regulated energy and off-system capacity and storage management operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Energy Services segment consists of unregulated wholesale energy operations. Lastly the Midstream segment consists of investments in the midstream natural gas market such as natural gas transportation and storage facilities.