Russell Investments Group Ltd. Has $5.76 Million Position in South Jersey Industries, Inc. (SJI)

Russell Investments Group Ltd. reduced its position in shares of South Jersey Industries, Inc. (NYSE:SJI) by 4.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 166,696 shares of the utilities provider’s stock after selling 7,520 shares during the period. Russell Investments Group Ltd. owned approximately 0.21% of South Jersey Industries worth $5,755,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. California Public Employees Retirement System raised its holdings in South Jersey Industries by 1.4% during the second quarter. California Public Employees Retirement System now owns 112,500 shares of the utilities provider’s stock worth $3,844,000 after purchasing an additional 1,600 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in South Jersey Industries by 1.7% in the second quarter. Goldman Sachs Group Inc. now owns 2,352,293 shares of the utilities provider’s stock valued at $80,378,000 after buying an additional 40,310 shares in the last quarter. State of Wisconsin Investment Board purchased a new position in South Jersey Industries in the second quarter valued at about $3,940,000. JPMorgan Chase & Co. increased its holdings in South Jersey Industries by 60.7% in the second quarter. JPMorgan Chase & Co. now owns 143,872 shares of the utilities provider’s stock valued at $4,916,000 after buying an additional 54,324 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in South Jersey Industries by 29.4% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 14,969 shares of the utilities provider’s stock valued at $511,000 after buying an additional 3,400 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Shares of South Jersey Industries, Inc. (SJI) traded down $0.40 on Monday, hitting $32.99. 169,400 shares of the stock were exchanged, compared to its average volume of 333,660. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.38 and a current ratio of 0.47. South Jersey Industries, Inc. has a fifty-two week low of $31.39 and a fifty-two week high of $38.40. The stock has a market cap of $2,624.32, a PE ratio of 28.69, a price-to-earnings-growth ratio of 3.72 and a beta of 0.71.

South Jersey Industries (NYSE:SJI) last issued its quarterly earnings data on Thursday, November 2nd. The utilities provider reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.04). South Jersey Industries had a return on equity of 7.16% and a net margin of 3.13%. The business had revenue of $227.13 million for the quarter, compared to analysts’ expectations of $222.92 million. equities analysts expect that South Jersey Industries, Inc. will post 1.18 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.39%. This is a boost from South Jersey Industries’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, December 8th. South Jersey Industries’s dividend payout ratio (DPR) is 227.09%.

SJI has been the subject of a number of research analyst reports. J P Morgan Chase & Co increased their target price on shares of South Jersey Industries from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Zacks Investment Research raised shares of South Jersey Industries from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Williams Capital cut shares of 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. BidaskClub cut shares of South Jersey Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Janney Montgomery Scott reissued a “buy” rating on shares of South Jersey Industries in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. South Jersey Industries presently has a consensus rating of “Hold” and a consensus price target of $38.00.

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South Jersey Industries 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).

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

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