NJR - Stephen D Westhoven Implements A Sell Strategy: Offloads $1.35M In New Jersey Resources Stock | Benzinga
Stephen D Westhoven, President & CEO at New Jersey Resources (NYSE:NJR), reported an insider sell on July 16, according to a new SEC filing.
What Happened: After conducting a thorough analysis, Westhoven sold 30,000 shares of New Jersey Resources. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total transaction value is $1,351,545.
Tracking the Wednesday's morning session, New Jersey Resources shares are trading at $45.62, showing a down of 0.0%.
All You Need to Know About New Jersey Resources
New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to nearly 600,000 customers in the state. NJR's nonregulated businesses include solar investments primarily in New Jersey and investments in several large midstream natural gas projects.
Understanding the Numbers: New Jersey Resources's Finances
Revenue Growth: Over the 3 months period, New Jersey Resources showcased positive performance, achieving a revenue growth rate of 2.16% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth ...