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

A number of equities analysts have issued reports on the stock. Guggenheim assumed coverage on shares of South Jersey Industries in a research report on Monday, May 16th. They set a “buy” rating and a $32.00 price target for the company. Zacks Investment Research lowered shares of South Jersey Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 17th. JPMorgan Chase & Co. assumed coverage on shares of South Jersey Industries in a research report on Tuesday, June 14th. They set a “neutral” rating and a $31.00 price target for the company. Finally, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. South Jersey Industries presently has a consensus rating of “Hold” and a consensus target price of $32.00.

The company has a 50 day moving average price of $31.06 and a 200 day moving average price of $27.97. The stock has a market cap of $2.26 billion and a price-to-earnings ratio of 18.69.

South Jersey Industries (NYSE:SJI) last announced its quarterly earnings results on Friday, May 6th. The company reported $0.80 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.80. During the same period last year, the company earned $0.86 earnings per share. Equities analysts forecast that South Jersey Industries Inc. will post $1.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Friday, June 10th were issued a $0.2638 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Wednesday, June 8th.

A number of institutional investors have made changes to their positions in the stock. Nationwide Fund Advisors increased 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 worth $2,926,000 after buying an additional 80,116 shares during the period. Swiss National Bank increased 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 worth $2,150,000 after buying an additional 5,109 shares during the period. Rhumbline Advisers increased 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 worth $2,735,000 after buying an additional 2,685 shares during the period. New York State Common Retirement Fund increased 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 worth $11,911,000 after buying an additional 2,449 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of 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 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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