South Jersey Industries, Inc. (SJI) Shares Bought by Fmr LLC

Fmr LLC increased its position in South Jersey Industries, Inc. (NYSE:SJI) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,788,690 shares of the utilities provider’s stock after purchasing an additional 32,857 shares during the quarter. Fmr LLC owned approximately 3.52% of South Jersey Industries worth $95,290,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew 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 worth $103,000 after purchasing an additional 262 shares in the last quarter. First Mercantile Trust Co. grew its stake in South Jersey Industries by 2.0% in the second quarter. First Mercantile Trust Co. now owns 3,060 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 60 shares in the last quarter. Captrust Financial Advisors bought a new position in South Jersey Industries in the second quarter worth approximately $129,000. Riverhead Capital Management LLC grew its stake in South Jersey Industries by 81.6% in the second quarter. Riverhead Capital Management LLC now owns 5,992 shares of the utilities provider’s stock worth $205,000 after purchasing an additional 2,692 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in South Jersey Industries by 2.4% in the second quarter. Teacher Retirement System of Texas now owns 6,349 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 150 shares in the last quarter. 69.48% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on the company. Williams Capital lowered South Jersey Industries from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a report on Monday, September 18th. Zacks Investment Research lowered South Jersey Industries from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Morgan Stanley upped their target price on South Jersey Industries from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. BidaskClub lowered South Jersey Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Janney Montgomery Scott upgraded South Jersey Industries from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. South Jersey Industries presently has an average rating of “Hold” and an average price target of $38.67.

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South Jersey Industries, Inc. (NYSE:SJI) opened at 35.68 on Wednesday. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 33.13 and a beta of 0.75. South Jersey Industries, Inc. has a 52 week low of $27.55 and a 52 week high of $38.40. The company has a 50-day moving average price of $35.30 and a 200-day moving average price of $35.49.

South Jersey Industries (NYSE:SJI) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.71%. The firm had revenue of $244.37 million during the quarter, compared to analysts’ expectations of $179.63 million. During the same period in the previous year, the company earned $0.12 earnings per share. Equities research analysts anticipate that South Jersey Industries, Inc. will post $1.19 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Monday, September 11th were given a $0.273 dividend. The ex-dividend date was Friday, September 8th. This represents a $1.09 dividend on an annualized basis and a yield of 3.06%. South Jersey Industries’s dividend payout ratio (DPR) is presently 101.87%.

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).

Institutional Ownership by Quarter for South Jersey Industries (NYSE:SJI)

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