Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. New Jersey Resources Corporation shares valued at $66,330 were sold by Migliaccio Patrick J. on Jun 18 ’25. At $44.22 per share, Migliaccio Patrick J. sold 1,500 shares. The insider’s holdings dropped to 35,690 shares worth approximately $1.6 million following the completion of this transaction.
Also, Bel Roberto sold 1,173 shares, netting a total of over 58,650 in proceeds. Following the sale of shares at $50.00 each, the insider now holds 22,649 shares.
Before that, Bel Roberto had added 1,173 shares to its account. In a trade valued at $58,650, the Officer bought New Jersey Resources Corporation shares for $50.00 each.
As published in their initiating research note from Raymond James on June 13, 2025, New Jersey Resources Corporation [NJR] has been an Outperform and the price target has been revised to $49. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in early April. As of December 12, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for NJR. Earlier on September 21, 2023, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for NJR stock which previously was a “an Underweight”.
Analyzing NJR Stock Performance
On last trading session,, New Jersey Resources Corporation [NYSE: NJR] rose 1.26% to $44.96. The stock’s lowest price that day was $44.525, but it reached a high of $45.0 in the same session. During the last five days, there has been a surge of approximately 1.65%. Over the course of the year, New Jersey Resources Corporation shares have jumped approximately 5.39%. Shares of the company reached a 52-week high of $50.76 on 05/06/25 and a 52-week low of $43.80 on 06/17/25.
Support And Resistance Levels for New Jersey Resources Corporation (NJR)
According to the 24-hour chart, there is a support level at 44.63, which, if violated, would cause prices to drop to 44.31. In the upper region, resistance lies at 45.14. The next price resistance is at 45.33. RSI (Relative Strength Index) is 45.90 on the 14-day chart, showing neutral technical sentiment.
Is New Jersey Resources Corporation subject to short interest?
Stocks of New Jersey Resources Corporation saw a sharp steep in short interest on 2025-06-13 dropping by -0.35 million shares to 2.31 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 2.67 million shares. A decline of -15.34% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.92 of the overall float, the days-to-cover ratio (short ratio) decline to 3.92.
Which companies own the most shares of New Jersey Resources Corporation (NJR)?
In terms of New Jersey Resources Corporation share price expectations, FactSet research, analysts set an average price target of 50.5 in the next 12 months, up nearly 13.74% from the previous closing price of $44.4. Analysts anticipate New Jersey Resources Corporation stock to reach 51 by 2025, with the lowest price target being 50. In spite of this, 1 analysts ranked New Jersey Resources Corporation stock as Hold at the end of 2025. On September 09, 2022, JP Morgan assigned a price target of “an Underweight” to the stock and downgraded coverage with a $46.
