South Jersey Industries Inc. (NYSE:SJI)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $32.00 and last traded at $31.98, with a volume of 155,407 shares. The stock had previously closed at $31.65.

A number of equities analysts recently commented on the company. Zacks Investment Research lowered South Jersey Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Janney Montgomery Scott lowered South Jersey Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. JPMorgan Chase & Co. assumed coverage on South Jersey Industries in a research note on Tuesday, June 14th. They issued a “neutral” rating and a $31.00 price objective on the stock. Finally, Guggenheim assumed coverage on South Jersey Industries in a research note on Monday, May 16th. They issued a “buy” rating and a $32.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. South Jersey Industries presently has an average rating of “Hold” and an average target price of $32.00.

The firm has a market cap of $2.26 billion and a PE ratio of 18.69. The stock’s 50-day moving average is $31.01 and its 200 day moving average is $27.91.

South Jersey Industries (NYSE:SJI) last released its quarterly earnings results on Friday, May 6th. The company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. During the same period in the previous year, the firm posted $0.86 earnings per share. On average, equities research analysts anticipate that South Jersey Industries Inc. will post $1.30 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5th. Stockholders of record on Friday, June 10th were given a dividend of $0.2638 per share. The ex-dividend date was Wednesday, June 8th. This represents a $1.06 annualized dividend and a dividend yield of 3.31%.

Several institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors raised its position in shares of South Jersey Industries by 180.9% in the fourth quarter. Nationwide Fund Advisors now owns 124,393 shares of the company’s stock valued at $2,926,000 after buying an additional 80,116 shares during the period. California State Teachers Retirement System raised its position in shares of South Jersey Industries by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 126,817 shares of the company’s stock valued at $2,983,000 after buying an additional 2,049 shares during the period. Swiss National Bank raised its position in shares of South Jersey Industries by 5.9% in the fourth quarter. Swiss National Bank now owns 91,409 shares of the company’s stock valued at $2,150,000 after buying an additional 5,109 shares during the period. Rhumbline Advisers raised its position in shares of South Jersey Industries by 2.4% in the fourth quarter. Rhumbline Advisers now owns 116,289 shares of the company’s stock valued at $2,735,000 after buying an additional 2,685 shares during the period. Finally, New York State Common Retirement Fund raised its position in shares of South Jersey Industries by 0.5% in the fourth quarter. New York State Common Retirement Fund now owns 506,426 shares of the company’s stock valued at $11,911,000 after buying an additional 2,449 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.