South Jersey Industries Inc. (SJI) Stock Price Down 2.6%
South Jersey Industries Inc. (NYSE:SJI)’s share price was down 2.6% on Tuesday . The company traded as low as $30.07 and last traded at $30.11, with a volume of 264,021 shares. The stock had previously closed at $30.90.
A number of equities analysts recently weighed in on SJI shares. Guggenheim started 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 objective for the company. Zacks Investment Research upgraded shares of South Jersey Industries from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Janney Montgomery Scott lowered shares of South Jersey Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, JPMorgan Chase & Co. initiated coverage on shares of South Jersey Industries in a report on Tuesday, June 14th. They set a “neutral” rating and a $31.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $32.67.
The firm’s 50 day moving average price is $31.39 and its 200 day moving average price is $28.65. The stock has a market cap of $2.39 billion and a price-to-earnings ratio of 21.24.
South Jersey Industries (NYSE:SJI) last released its earnings results on Friday, August 5th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. During the same period last year, the firm posted $0.03 EPS. The company had revenue of $154.40 million for the quarter, compared to analysts’ expectations of $177.83 million. Equities research analysts anticipate that South Jersey Industries Inc. will post $1.32 earnings per share for the current fiscal year.
A number of large investors have added to or reduced their stakes in the company. Systematic Financial Management LP acquired a new stake in South Jersey Industries during the fourth quarter valued at about $1,878,000. Dean Investment Associates LLC increased its stake 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 valued at $4,724,000 after buying an additional 37,890 shares in the last quarter. BlackRock Advisors LLC increased its stake in South Jersey Industries by 31.9% in the fourth quarter. BlackRock Advisors LLC now owns 601,011 shares of the company’s stock valued at $14,136,000 after buying an additional 145,456 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake 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 valued at $26,512,000 after buying an additional 127,203 shares in 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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