TD Asset Management Inc. bought a new position in South Jersey Industries Inc. (NYSE:SJI) during the second quarter, Holdings Channel reports. The firm bought 6,674 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Zebra Capital Management LLC raised its stake in South Jersey Industries by 131.0% in the first quarter. Zebra Capital Management LLC now owns 29,235 shares of the company’s stock worth $832,000 after buying an additional 16,578 shares during the last quarter. BlackRock Fund Advisors raised its stake in South Jersey Industries by 2.0% in the first quarter. BlackRock Fund Advisors now owns 4,472,960 shares of the company’s stock worth $127,256,000 after buying an additional 89,776 shares during the last quarter. BlackRock Group LTD raised its stake in South Jersey Industries by 10.7% in the first quarter. BlackRock Group LTD now owns 168,484 shares of the company’s stock worth $4,793,000 after buying an additional 16,320 shares during the last quarter. BlackRock Inc. raised its stake in South Jersey Industries by 29.1% in the first quarter. BlackRock Inc. now owns 44,703 shares of the company’s stock worth $1,272,000 after buying an additional 10,082 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in South Jersey Industries during the first quarter worth $235,000. Hedge funds and other institutional investors own 69.68% of the company’s stock.

Shares of South Jersey Industries Inc. (NYSE:SJI) traded up 0.07% during trading on Tuesday, hitting $29.34. 214,095 shares of the stock were exchanged. The stock has a market cap of $2.33 billion, a PE ratio of 20.71 and a beta of 0.67. South Jersey Industries Inc. has a one year low of $21.24 and a one year high of $32.03. The stock’s 50 day moving average price is $30.23 and its 200 day moving average price is $29.30.

South Jersey Industries (NYSE:SJI) last released its quarterly earnings data on Friday, August 5th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.02. The firm earned $154.40 million during the quarter, compared to analyst estimates of $177.83 million. South Jersey Industries had a net margin of 11.45% and a return on equity of 9.56%. During the same period in the prior year, the firm earned $0.03 earnings per share. Equities research analysts predict that South Jersey Industries Inc. will post $1.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be paid a $0.2638 dividend. This represents a $1.06 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Wednesday, September 7th. South Jersey Industries’s dividend payout ratio is currently 72.92%.

A number of research firms recently weighed in on SJI. Zacks Investment Research upgraded shares of South Jersey Industries from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 7th. Janney Montgomery Scott lowered shares of South Jersey Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Morgan Stanley assumed coverage on shares of South Jersey Industries in a research note on Thursday, September 8th. They issued an “equal weight” rating and a $32.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of South Jersey Industries in a research note on Tuesday, June 14th. They issued a “neutral” rating and a $31.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $32.50.

About South Jersey Industries

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.

5 Day Chart for NYSE:SJI

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