TheStreet lowered shares of South Jersey Industries (NYSE:SJI) from a b- rating to a c+ rating in a report released on Wednesday, January 10th.
Other analysts have also issued reports about the stock. Williams Capital raised shares of South Jersey Industries from a hold rating to a buy rating and upped their price target for the stock from $36.00 to $37.00 in a research report on Tuesday, October 17th. Janney Montgomery Scott reaffirmed a buy rating on shares of South Jersey Industries in a research report on Tuesday, October 17th. Morgan Stanley dropped their price target on shares of South Jersey Industries from $40.00 to $37.00 and set an equal weight rating on the stock in a research report on Wednesday, December 13th. Zacks Investment Research raised shares of South Jersey Industries from a sell rating to a hold rating in a research report on Friday, November 17th. Finally, Guggenheim reaffirmed a hold rating and set a $32.00 price target on shares of South Jersey Industries in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $35.83.
Shares of South Jersey Industries (NYSE:SJI) opened at $29.29 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 0.97. South Jersey Industries has a 1 year low of $29.04 and a 1 year high of $38.40. The company has a market cap of $2,329.99, a price-to-earnings ratio of 25.47, a PEG ratio of 2.04 and a beta of 0.71.
South Jersey Industries (NYSE:SJI) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.04). South Jersey Industries had a return on equity of 7.16% and a net margin of 3.13%. The firm had revenue of $227.13 million for the quarter, compared to the consensus estimate of $222.92 million. research analysts forecast that South Jersey Industries will post 1.16 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Monday, December 11th were issued a $0.28 dividend. This is an increase from South Jersey Industries’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Friday, December 8th. South Jersey Industries’s payout ratio is currently 233.34%.
Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of South Jersey Industries by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,025 shares of the utilities provider’s stock valued at $103,000 after purchasing an additional 262 shares during the last quarter. WFG Advisors LP increased its holdings in shares of South Jersey Industries by 8.0% in the second quarter. WFG Advisors LP now owns 3,153 shares of the utilities provider’s stock valued at $108,000 after purchasing an additional 234 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new position in shares of South Jersey Industries in the third quarter valued at $110,000. Public Employees Retirement System of Ohio increased its holdings in shares of South Jersey Industries by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 3,585 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 29 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of South Jersey Industries in the second quarter valued at $129,000. Hedge funds and other institutional investors own 70.35% of the company’s stock.
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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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