Two Sigma Investments LP bought a new stake in shares of South Jersey Industries Inc (NYSE:SJI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,048 shares of the utilities provider’s stock, valued at approximately $470,000.
Other large investors have also recently bought and sold shares of the company. CIBC Asset Management Inc purchased a new stake in South Jersey Industries during the fourth quarter valued at approximately $214,000. Cetera Investment Advisers purchased a new stake in South Jersey Industries during the fourth quarter valued at approximately $240,000. Stone Ridge Asset Management LLC purchased a new stake in South Jersey Industries during the fourth quarter valued at approximately $243,000. Yorktown Management & Research Co Inc purchased a new stake in South Jersey Industries during the fourth quarter valued at approximately $294,000. Finally, Miles Capital Inc. purchased a new stake in South Jersey Industries during the fourth quarter valued at approximately $310,000. 70.53% of the stock is owned by institutional investors.
SJI has been the subject of a number of analyst reports. Morgan Stanley decreased their target price on shares of South Jersey Industries from $35.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 13th. JPMorgan Chase decreased their target price on shares of South Jersey Industries from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Sidoti cut shares of South Jersey Industries from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a research report on Monday, January 8th. Guggenheim reissued a “hold” rating and set a $32.00 target price on shares of South Jersey Industries in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research raised shares of South Jersey Industries from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Saturday, March 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $32.17.
NYSE SJI opened at $29.83 on Monday. The firm has a market capitalization of $2,357.61, a price-to-earnings ratio of 24.25, a P/E/G ratio of 1.88 and a beta of 0.59. South Jersey Industries Inc has a 12-month low of $25.96 and a 12-month high of $38.40. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.50 and a quick ratio of 0.44.
South Jersey Industries (NYSE:SJI) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. The business had revenue of $345.74 million during the quarter, compared to analysts’ expectations of $336.19 million. South Jersey Industries had a negative net margin of 0.28% and a positive return on equity of 7.84%. During the same quarter last year, the company posted $0.42 earnings per share. equities analysts anticipate that South Jersey Industries Inc will post 1.58 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 3rd. Shareholders of record on Monday, March 19th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, March 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.75%. South Jersey Industries’s dividend payout ratio is currently 91.06%.
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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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