Financial Architects Inc decreased its stake in South Jersey Industries, Inc. (NYSE:SJI) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,162 shares of the utilities provider’s stock after selling 200 shares during the period. Financial Architects Inc’s holdings in South Jersey Industries were worth $1,133,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of South Jersey Industries by 46,816.5% in the first quarter. BlackRock Inc. now owns 9,843,088 shares of the utilities provider’s stock valued at $350,905,000 after buying an additional 9,822,108 shares during the period. Goldman Sachs Group Inc. increased its position in shares of South Jersey Industries by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,311,983 shares of the utilities provider’s stock valued at $82,422,000 after buying an additional 812,762 shares during the period. Norges Bank acquired a new position in shares of South Jersey Industries during the fourth quarter valued at $18,138,000. Vanguard Group Inc. increased its position in shares of South Jersey Industries by 6.7% in the first quarter. Vanguard Group Inc. now owns 7,609,432 shares of the utilities provider’s stock valued at $271,277,000 after buying an additional 474,868 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of South Jersey Industries by 2,451.8% in the first quarter. Asset Management One Co. Ltd. now owns 154,282 shares of the utilities provider’s stock valued at $5,480,000 after buying an additional 148,236 shares during the period. Hedge funds and other institutional investors own 69.56% of the company’s stock.
Shares of South Jersey Industries, Inc. (NYSE SJI) traded down 1.10% on Monday, reaching $34.05. The company had a trading volume of 25,679 shares. South Jersey Industries, Inc. has a 12 month low of $27.51 and a 12 month high of $38.40. The firm’s 50 day moving average is $35.01 and its 200 day moving average is $34.80. The firm has a market capitalization of $2.70 billion, a PE ratio of 30.21 and a beta of 0.78.
South Jersey Industries (NYSE:SJI) last posted its quarterly earnings results on Tuesday, May 9th. The utilities provider reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.09. The business had revenue of $425.83 million during the quarter, compared to analyst estimates of $329.50 million. South Jersey Industries had a net margin of 7.83% and a return on equity of 8.04%. During the same quarter in the prior year, the business earned $0.80 earnings per share. On average, equities research analysts expect that South Jersey Industries, Inc. will post $1.19 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Friday, June 9th were issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Wednesday, June 7th. South Jersey Industries’s payout ratio is 98.20%.
COPYRIGHT VIOLATION NOTICE: This report was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://stocknewstimes.com/2017/07/24/south-jersey-industries-inc-nysesji-shares-sold-by-financial-architects-inc.html.
Several research analysts recently weighed in on SJI shares. Zacks Investment Research upgraded South Jersey Industries from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Tuesday, May 2nd. BidaskClub downgraded South Jersey Industries from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, Williams Capital upgraded South Jersey Industries from a “hold” rating to a “buy” rating and boosted their target price for the stock from $34.00 to $36.00 in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $37.50.
About South Jersey Industries
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).
Receive News & Ratings for South Jersey Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South Jersey Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
