South Jersey Industries (NYSE:SJI) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued to clients and investors on Tuesday, TheStreetRatingsTable reports.
Other equities research analysts have also issued research reports about the stock. Guggenheim raised shares of South Jersey Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $32.00 to $35.00 in a research report on Thursday, June 13th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Maxim Group began coverage on shares of South Jersey Industries in a report on Tuesday, April 16th. They issued a “buy” rating and a $40.00 target price for the company. Zacks Investment Research lowered shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Morgan Stanley set a $100.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a report on Thursday, May 16th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $34.50.
NYSE:SJI traded down $0.16 during mid-day trading on Tuesday, reaching $33.63. The company’s stock had a trading volume of 537,600 shares, compared to its average volume of 620,245. South Jersey Industries has a 12-month low of $26.06 and a 12-month high of $36.72. The firm’s fifty day simple moving average is $33.03. The company has a current ratio of 0.43, a quick ratio of 0.41 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $3.17 billion, a PE ratio of 24.37, a P/E/G ratio of 4.37 and a beta of 0.75.
South Jersey Industries (NYSE:SJI) last issued its earnings results on Wednesday, May 8th. The utilities provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.14. South Jersey Industries had a return on equity of 8.66% and a net margin of 3.40%. The business had revenue of $637.30 million during the quarter, compared to analyst estimates of $571.00 million. On average, sell-side analysts anticipate that South Jersey Industries will post 1.09 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in SJI. Crossmark Global Holdings Inc. boosted its position in shares of South Jersey Industries by 4.7% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 7,060 shares of the utilities provider’s stock valued at $238,000 after acquiring an additional 314 shares during the last quarter. FMR LLC boosted its position in shares of South Jersey Industries by 28.4% during the 1st quarter. FMR LLC now owns 4,543,958 shares of the utilities provider’s stock valued at $145,724,000 after acquiring an additional 1,003,949 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its position in shares of South Jersey Industries by 5.0% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 29,006 shares of the utilities provider’s stock valued at $930,000 after acquiring an additional 1,386 shares during the last quarter. MetLife Investment Advisors LLC boosted its position in shares of South Jersey Industries by 6.2% during the 1st quarter. MetLife Investment Advisors LLC now owns 40,110 shares of the utilities provider’s stock valued at $1,286,000 after acquiring an additional 2,328 shares during the last quarter. Finally, GYL Financial Synergies LLC bought a new position in shares of South Jersey Industries during the 1st quarter valued at approximately $508,000. 82.94% of the stock is owned by institutional investors.
South Jersey Industries Company Profile
South Jersey Industries, Inc, through its subsidiaries, provides energy-related products and services. The company engages in the purchase, transmission, and sale of natural gas. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial customers on the interstate pipeline system, as well as transports natural gas, which is purchased directly from producers or suppliers to their customers.
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