According to Zacks, “South Jersey Inds Inc. is engaged in the business of operating, through subsidiaries, various business enterprises. The company’s most significant subsidiary is South Jersey Gas Company (SJG). SJG is a public utility company engaged in the purchase, transmission and sale of natural gas for residential, commercial and industrial use. SJG also makes off-system sales of natural gas on a wholesale basis to various customers on the interstate pipeline system and transports natural gas. “
Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of South Jersey Industries in a research note on Tuesday, June 14th. They set a neutral rating and a $31.00 price objective for the company. Janney Montgomery Scott downgraded South Jersey Industries from a buy rating to a neutral rating in a research report on Tuesday, June 28th. Finally, Morgan Stanley assumed coverage on South Jersey Industries in a research report on Thursday, September 8th. They set an equal weight rating and a $32.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $32.50.
South Jersey Industries (NYSE:SJI) opened at 28.42 on Wednesday. The stock has a market cap of $2.25 billion, a PE ratio of 20.06 and a beta of 0.70. The company’s 50-day moving average is $29.21 and its 200 day moving average is $29.54. South Jersey Industries has a 52 week low of $21.24 and a 52 week high of $32.03.
South Jersey Industries (NYSE:SJI) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by $0.02. The firm had revenue of $154.40 million for the quarter, compared to analysts’ expectations of $177.83 million. South Jersey Industries had a return on equity of 9.56% and a net margin of 11.45%. During the same period in the previous year, the firm earned $0.03 earnings per share. On average, analysts expect that South Jersey Industries will post $1.30 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Friday, September 9th were issued a $0.2638 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.06 annualized dividend and a dividend yield of 3.71%. South Jersey Industries’s payout ratio is currently 72.92%.
Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its stake in South Jersey Industries by 3.2% in the second quarter. Public Employees Retirement System of Ohio now owns 4,054 shares of the company’s stock valued at $128,000 after buying an additional 127 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in South Jersey Industries by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 57,550 shares of the company’s stock valued at $1,820,000 after buying an additional 150 shares during the last quarter. Symons Capital Management Inc. increased its stake in South Jersey Industries by 1.7% in the second quarter. Symons Capital Management Inc. now owns 11,100 shares of the company’s stock valued at $351,000 after buying an additional 190 shares during the last quarter. CIBC Asset Management Inc increased its stake in South Jersey Industries by 7.9% in the second quarter. CIBC Asset Management Inc now owns 8,914 shares of the company’s stock valued at $282,000 after buying an additional 655 shares during the last quarter. Finally, BLB&B Advisors LLC increased its stake in South Jersey Industries by 3.0% in the second quarter. BLB&B Advisors LLC now owns 25,570 shares of the company’s stock valued at $809,000 after buying an additional 740 shares during the last quarter. Hedge funds and other institutional investors own 69.65% of the company’s stock.
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.
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