Janney Montgomery Scott reiterated their buy rating on shares of South Jersey Industries, Inc. (NYSE:SJI) in a report issued on Tuesday, October 17th.
Other equities research analysts also recently issued reports about the company. BidaskClub raised South Jersey Industries from a strong sell rating to a sell rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of South Jersey Industries from a sell rating to a hold rating in a research note on Wednesday, July 12th. Morgan Stanley increased their target price on shares of South Jersey Industries from $38.00 to $39.00 and gave the stock an equal weight rating in a research note on Thursday, August 10th. Williams Capital raised shares of South Jersey Industries from a hold rating to a buy rating and increased their target price for the stock from $34.00 to $36.00 in a research note on Monday, July 17th. Finally, J P Morgan Chase & Co increased their target price on shares of South Jersey Industries from $32.00 to $35.00 and gave the stock a neutral rating in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $38.00.
South Jersey Industries (NYSE:SJI) opened at 33.97 on Tuesday. The stock’s 50 day moving average price is $34.74 and its 200-day moving average price is $35.30. The stock has a market cap of $2.70 billion, a PE ratio of 31.54 and a beta of 0.75. South Jersey Industries has a 12 month low of $28.04 and a 12 month high of $38.40.
South Jersey Industries (NYSE:SJI) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $244.37 million for the quarter, compared to the consensus estimate of $179.63 million. South Jersey Industries had a return on equity of 7.71% and a net margin of 7.02%. During the same period in the prior year, the firm earned $0.12 EPS. Analysts anticipate that South Jersey Industries will post $1.18 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Monday, September 11th were paid a $0.273 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Friday, September 8th. South Jersey Industries’s dividend payout ratio is presently 101.87%.
A number of institutional investors have recently modified their holdings of SJI. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in South Jersey Industries by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,025 shares of the utilities provider’s stock valued at $103,000 after buying an additional 262 shares in the last quarter. First Mercantile Trust Co. lifted its stake in South Jersey Industries by 2.0% in the 2nd quarter. First Mercantile Trust Co. now owns 3,060 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 60 shares in the last quarter. WFG Advisors LP lifted its stake in South Jersey Industries by 8.0% in the 2nd quarter. WFG Advisors LP now owns 3,153 shares of the utilities provider’s stock worth $108,000 after purchasing an additional 234 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in South Jersey Industries by 0.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,585 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 29 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in South Jersey Industries in the 2nd quarter worth approximately $129,000. 69.48% of the stock is currently owned by hedge funds and other institutional investors.
South Jersey Industries Company Profile
South Jersey Industries, Inc (SJI) is an energy services holding company. The Company provides a range of energy-related products and services, primarily through its subsidiaries. Its subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC (SJEX), Marina Energy, LLC (Marina), South Jersey Energy Service Plus, LLC (SJESP) and SJI Midstream, LLC (Midstream).
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