South Jersey Industries Inc. (NYSE:SJI) traded down 2.6% during mid-day trading on Tuesday . The stock 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.

Several research firms have recently 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 downgraded 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 issued a “neutral” rating and a $31.00 target price for the company. Finally, Guggenheim began coverage on shares of South Jersey Industries in a research report on Monday, May 16th. They issued a “buy” rating and a $32.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. South Jersey Industries currently has a consensus rating of “Buy” and a consensus target price of $32.67.

The firm has a market capitalization of $2.43 billion and a price-to-earnings ratio of 21.641. The company’s 50-day moving average is $31.36 and its 200-day moving average is $28.70.

South Jersey Industries (NYSE:SJI) last posted its earnings results on Friday, August 5th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.02. During the same period last year, the company earned $0.03 earnings per share. The business had revenue of $154.40 million for the quarter, compared to the consensus estimate of $177.83 million. On average, equities research analysts anticipate that South Jersey Industries Inc. will post $1.32 earnings per share for the current fiscal year.

A number of hedge funds have bought and sold shares of SJI. Systematic Financial Management LP acquired a new stake in South Jersey Industries during the fourth quarter valued at approximately $1,878,000. 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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