South Jersey Industries Inc. (NYSE:SJI)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $31.92 and last traded at $31.85, with a volume of 221,298 shares changing hands. The stock had previously closed at $31.62.

SJI has been the subject of several recent research reports. Guggenheim initiated coverage on South Jersey Industries in a research report on Monday, May 16th. They set a “buy” rating and a $32.00 price objective for the company. Sidoti initiated coverage on South Jersey Industries in a research report on Wednesday, March 30th. They set a “buy” rating and a $35.00 price objective for the company. Williams Capital reissued a “buy” rating on shares of South Jersey Industries in a research report on Monday, March 14th. Zacks Investment Research raised South Jersey Industries from a “strong sell” rating to a “hold” rating in a research report on Thursday. Finally, Janney Montgomery Scott lowered South Jersey Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $32.00.

The company has a 50 day moving average of $30.00 and a 200-day moving average of $27.19. The firm has a market capitalization of $2.26 billion and a P/E ratio of 18.67.

South Jersey Industries (NYSE:SJI) last announced its quarterly earnings data on Friday, May 6th. The company reported $0.80 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.80. During the same period in the prior year, the company posted $0.86 earnings per share. Analysts predict that South Jersey Industries Inc. will post $1.30 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Friday, June 10th were given a $0.2638 dividend. This represents a $1.06 annualized dividend and a yield of 3.34%. The ex-dividend date was Wednesday, June 8th.

A number of institutional investors have made changes to their positions in the stock. Heartland Advisors Inc. increased its position in shares of South Jersey Industries by 40.0% in the fourth quarter. Heartland Advisors Inc. now owns 700,000 shares of the company’s stock valued at $16,464,000 after buying an additional 200,000 shares during the period. Dimensional Fund Advisors LP increased its position in South Jersey Industries by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,359,042 shares of the company’s stock worth $31,965,000 after buying an additional 135,468 shares during the last quarter. Victory Capital Management Inc. increased its position in South Jersey Industries by 13.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,119,359 shares of the company’s stock worth $26,327,000 after buying an additional 135,205 shares during the last quarter. Wells Fargo & Company MN increased its position in South Jersey Industries by 12.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,127,213 shares of the company’s stock worth $26,512,000 after buying an additional 127,203 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in South Jersey Industries by 180.9% in the fourth quarter. Nationwide Fund Advisors now owns 124,393 shares of the company’s stock worth $2,926,000 after buying an additional 80,116 shares during the last quarter.

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.

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