Shares of South Jersey Industries, Inc. (NYSE:SJI) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $38.33.
Several equities research analysts have issued reports on the company. BidaskClub raised South Jersey Industries from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Morgan Stanley raised their target price on South Jersey Industries from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Janney Montgomery Scott raised South Jersey Industries from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. They noted that the move was a valuation call. Williams Capital raised South Jersey Industries from a “hold” rating to a “buy” rating and raised their target price for the stock from $34.00 to $36.00 in a research note on Monday, July 17th. Finally, Zacks Investment Research cut South Jersey Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th.
Large investors have recently bought and sold shares of the company. First Mercantile Trust Co. boosted its stake in South Jersey Industries by 2.7% in the first quarter. First Mercantile Trust Co. now owns 3,000 shares of the utilities provider’s stock valued at $107,000 after buying an additional 80 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 buying an additional 262 shares during the period. WFG Advisors LP boosted its stake in 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 buying an additional 234 shares during the period. Bank of Montreal Can boosted its stake in South Jersey Industries by 180.8% in the first quarter. Bank of Montreal Can now owns 3,370 shares of the utilities provider’s stock valued at $120,000 after buying an additional 2,170 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in 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 buying an additional 29 shares during the period. 69.33% of the stock is owned by institutional investors.
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Shares of South Jersey Industries (SJI) traded up 0.06% during mid-day trading on Tuesday, reaching $35.60. The company’s stock had a trading volume of 148,181 shares. The stock has a market capitalization of $2.82 billion, a P/E ratio of 33.05 and a beta of 0.77. The company’s 50-day moving average price is $34.32 and its 200-day moving average price is $35.15. South Jersey Industries has a 12-month low of $27.51 and a 12-month high of $38.40.
South Jersey Industries (NYSE:SJI) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $244.37 million during the quarter, compared to analysts’ expectations of $179.63 million. South Jersey Industries had a return on equity of 7.71% and a net margin of 7.02%. During the same quarter last year, the firm earned $0.12 earnings per share. On average, equities research analysts forecast that South Jersey Industries will post $1.19 earnings per share for the current fiscal year.
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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