Money and Finance
This week I decided to switch some things around in the portfolio. Nothing too major but in the wake of the pending sale of Piedmont Natural Gas (PNY) to Duke energy (DUK) I decided to sell my stake in PNY. Shares jumped around 20% after the big news last month and I thought I should sell just in case the merger doesn't go through for whatever reason. These things have to undergo regulatory approvals and such and I didn't feel like risking my gains by holding any longer.
So I wanted to replace that with a similar stock and I found one that fits perfectly. New Jersey Resources (NJR) is a relatively under-followed energy holding company. The company's primary business is regulated natural gas distribution to roughly 500,000 customers in New Jersey, it is also growing it's pipeline and storage business, as well as it's clean energy services.
I sold 160 shares of PNY @ 57.58
I purchased 355 shares of NJR @ $29.70
- Recent Buy - Exxon Mobil (xom)
Earlier this week I made another stock purchase and this time I was looking to replace the dividends in the last month of the quarter which I lost due to the Reynolds American Tobacco (RAI) buyout of Lorillard (LO). My precious Lorillard shares finally...
- Recent Purchase - Piedmont Natural Gas (pny)
I think that most dividend investors try and seek out the most undervalued dividend stocks to add to their portfolios when the money becomes available. While I think that is a fantastic idea I'm a bit different in that I like to keep my payments balanced...
- Recent Buy - Exxon (xom)
Wow another purchase, that makes two this month after my Unilever buy. I had a standing order to purchase shares of XOM and it triggered my limit order the other day as the markets were tanking. I've had my eye on some energy stocks for some time...
- Recent Buy - Wgl Holdings (wgl)
Today I added to my position in WGL Holdings (WGL). I purchased 26 shares at $42.50 which brings my total position to 66 shares. WGL has a dividend yield of 3.90% and has raised it's dividend for 37 years straight making WGL a dividend champion. ...
- Recent Buy - Piedmont Natural Gas (pny)
This week I purchased more Piedmont Natural Gas (PNY). Piedmont Natural Gas Company, Inc., an energy services company, engages in the distribution of natural gas to residential, commercial, industrial, and power generation customers in North Carolina,...
Money and Finance
Recent Buy - New Jersey Resources
So I wanted to replace that with a similar stock and I found one that fits perfectly. New Jersey Resources (NJR) is a relatively under-followed energy holding company. The company's primary business is regulated natural gas distribution to roughly 500,000 customers in New Jersey, it is also growing it's pipeline and storage business, as well as it's clean energy services.
I sold 160 shares of PNY @ 57.58
I purchased 355 shares of NJR @ $29.70
New Jersey Resources Chart
NJR Basic Statistics
- Ticker Symbol: NJR
- Sector: Utilities
- Yield: 3.25%
- Dividend Streak: 19 years
- Annualized Dividend Growth 3yr: 6.6%
- Payout Ratio: 50%
- P/E Ratio: 17
- Market cap:$2.6 Billion
- Website: http://www.njresources.com
NJR Dividend Growth
- Recent Buy - Exxon Mobil (xom)
Earlier this week I made another stock purchase and this time I was looking to replace the dividends in the last month of the quarter which I lost due to the Reynolds American Tobacco (RAI) buyout of Lorillard (LO). My precious Lorillard shares finally...
- Recent Purchase - Piedmont Natural Gas (pny)
I think that most dividend investors try and seek out the most undervalued dividend stocks to add to their portfolios when the money becomes available. While I think that is a fantastic idea I'm a bit different in that I like to keep my payments balanced...
- Recent Buy - Exxon (xom)
Wow another purchase, that makes two this month after my Unilever buy. I had a standing order to purchase shares of XOM and it triggered my limit order the other day as the markets were tanking. I've had my eye on some energy stocks for some time...
- Recent Buy - Wgl Holdings (wgl)
Today I added to my position in WGL Holdings (WGL). I purchased 26 shares at $42.50 which brings my total position to 66 shares. WGL has a dividend yield of 3.90% and has raised it's dividend for 37 years straight making WGL a dividend champion. ...
- Recent Buy - Piedmont Natural Gas (pny)
This week I purchased more Piedmont Natural Gas (PNY). Piedmont Natural Gas Company, Inc., an energy services company, engages in the distribution of natural gas to residential, commercial, industrial, and power generation customers in North Carolina,...