News stories about South Jersey Industries (NYSE:SJI) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. South Jersey Industries earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 46.1378129427323 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of South Jersey Industries (NYSE:SJI) opened at 35.68 on Wednesday. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 33.13 and a beta of 0.75. The firm has a 50-day moving average of $35.30 and a 200-day moving average of $35.49. South Jersey Industries has a 12 month low of $27.55 and a 12 month high of $38.40.
South Jersey Industries (NYSE:SJI) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. The firm had revenue of $244.37 million for the quarter, compared to analyst estimates of $179.63 million. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.71%. During the same quarter in the prior year, the firm earned $0.12 EPS. On average, analysts anticipate that South Jersey Industries will post $1.19 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Monday, September 11th were issued a $0.273 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Friday, September 8th. South Jersey Industries’s payout ratio is 101.87%.
SJI has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on shares of South Jersey Industries from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Janney Montgomery Scott upgraded shares of South Jersey Industries from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. They noted that the move was a valuation call. Williams Capital upgraded shares of South Jersey Industries from a “hold” rating to a “buy” rating and raised their target price for the company from $34.00 to $36.00 in a research report on Monday, July 17th. BidaskClub lowered shares of South Jersey Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, Zacks Investment Research lowered shares of South Jersey Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Two investment 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. The stock presently has a consensus rating of “Hold” and an average target price of $38.67.
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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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