Metropolitan Life Insurance Co. NY cut its stake in shares of South Jersey Industries Inc (NYSE:SJI) by 53.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,132 shares of the utilities provider’s stock after selling 28,426 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in South Jersey Industries were worth $785,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of SJI. Vident Investment Advisory LLC acquired a new position in shares of South Jersey Industries during the 4th quarter worth $207,000. Zeke Capital Advisors LLC acquired a new position in shares of South Jersey Industries during the 4th quarter worth $208,000. CIBC Asset Management Inc acquired a new position in shares of South Jersey Industries during the 4th quarter worth $214,000. Cetera Investment Advisers acquired a new position in shares of South Jersey Industries during the 4th quarter worth $240,000. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of South Jersey Industries during the 4th quarter worth $243,000. 70.53% of the stock is currently owned by institutional investors and hedge funds.
South Jersey Industries stock opened at $29.92 on Friday. South Jersey Industries Inc has a 52 week low of $25.96 and a 52 week high of $38.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.44 and a current ratio of 0.50. The stock has a market capitalization of $2,272.45, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 1.82 and a beta of 0.59.
South Jersey Industries (NYSE:SJI) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.42 by $0.08. South Jersey Industries had a negative net margin of 0.28% and a positive return on equity of 7.84%. The business had revenue of $345.74 million for the quarter, compared to analyst estimates of $336.19 million. During the same period in the previous year, the firm earned $0.42 EPS. analysts forecast that South Jersey Industries Inc will post 1.57 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Monday, March 19th were given a $0.28 dividend. The ex-dividend date was Friday, March 16th. This represents a $1.12 annualized dividend and a dividend yield of 3.74%. South Jersey Industries’s dividend payout ratio is presently 91.06%.
A number of equities analysts have recently weighed in on SJI shares. TheStreet cut shares of South Jersey Industries from a “b-” rating to a “c+” rating in a research note on Wednesday, January 10th. Zacks Investment Research raised shares of South Jersey Industries from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Saturday, March 10th. JPMorgan Chase lowered their price target on shares of South Jersey Industries from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th. Hilliard Lyons cut shares of South Jersey Industries from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, Sidoti cut shares of South Jersey Industries from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. South Jersey Industries presently has a consensus rating of “Hold” and an average target price of $32.33.
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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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