South Jersey Industries Inc. (NYSE:SJI) shares reached a new 52-week high on Monday . The company traded as high as $31.92 and last traded at $31.85, with a volume of 221,298 shares traded. The stock had previously closed at $31.62.

A number of research firms have weighed in on SJI. Zacks Investment Research raised shares of South Jersey Industries from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 7th. Janney Montgomery Scott lowered shares of South Jersey Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. JPMorgan Chase & Co. began coverage on shares of South Jersey Industries in a research report on Tuesday, June 14th. They set a “neutral” rating and a $31.00 target price for the company. Guggenheim began coverage on shares of South Jersey Industries in a research report on Monday, May 16th. They set a “buy” rating and a $32.00 target price for the company. Finally, Sidoti assumed coverage on shares of South Jersey Industries in a research report on Wednesday, March 30th. They set a “buy” rating and a $35.00 target price for the company. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.00.

The company has a market capitalization of $2.24 billion and a price-to-earnings ratio of 18.45. The company’s 50-day moving average price is $30.21 and its 200 day moving average price is $27.33.

South Jersey Industries (NYSE:SJI) last issued its quarterly earnings data on Friday, May 6th. The company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. During the same quarter last year, the business earned $0.86 EPS. On average, equities research analysts forecast that South Jersey Industries Inc. will post $1.30 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Friday, June 10th were given a $0.2638 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Wednesday, June 8th.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. Vaughan David Investments Inc. IL increased its position in South Jersey Industries by 4.5% in the fourth quarter. Vaughan David Investments Inc. IL now owns 448,310 shares of the company’s stock worth $10,544,000 after buying an additional 19,100 shares during the period. Systematic Financial Management LP acquired a new position in South Jersey Industries during the fourth quarter worth $1,878,000. Dean Investment Associates LLC increased its position in South Jersey Industries by 23.3% in the fourth quarter. Dean Investment Associates LLC now owns 200,834 shares of the company’s stock worth $4,724,000 after buying an additional 37,890 shares during the period. 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 period. Finally, First Trust Advisors LP increased its position in South Jersey Industries by 1.6% in the fourth quarter. First Trust Advisors LP now owns 525,035 shares of the company’s stock worth $12,349,000 after buying an additional 8,333 shares during the period.

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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