South Jersey Industries Inc. (SJI) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP decreased its stake in South Jersey Industries Inc. (NYSE:SJI) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,430,756 shares of the company’s stock after selling 8,307 shares during the period. Dimensional Fund Advisors LP owned 2.01% of South Jersey Industries worth $45,237,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in SJI. Teacher Retirement System of Texas raised its position in shares of South Jersey Industries by 28.8% in the second quarter. Teacher Retirement System of Texas now owns 11,014 shares of the company’s stock worth $348,000 after buying an additional 2,465 shares during the last quarter. Wesbanco Bank Inc. purchased a new position in shares of South Jersey Industries during the second quarter worth approximately $261,000. UBS Asset Management Americas Inc. raised its position in shares of South Jersey Industries by 8.0% in the second quarter. UBS Asset Management Americas Inc. now owns 48,186 shares of the company’s stock worth $1,524,000 after buying an additional 3,583 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of South Jersey Industries by 9.6% in the second quarter. Nationwide Fund Advisors now owns 91,115 shares of the company’s stock worth $2,881,000 after buying an additional 8,008 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of South Jersey Industries by 6.3% in the second quarter. Ameriprise Financial Inc. now owns 1,650,059 shares of the company’s stock worth $52,174,000 after buying an additional 98,022 shares during the last quarter. Hedge funds and other institutional investors own 69.67% of the company’s stock.
South Jersey Industries Inc. (NYSE:SJI) traded up 1.18% during midday trading on Thursday, hitting $28.23. The stock had a trading volume of 30,824 shares. The firm has a 50-day moving average of $29.36 and a 200-day moving average of $29.53. The company has a market cap of $2.24 billion, a PE ratio of 19.92 and a beta of 0.70. South Jersey Industries Inc. has a 12-month low of $21.24 and a 12-month high of $32.03.
South Jersey Industries (NYSE:SJI) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.02. South Jersey Industries had a net margin of 11.45% and a return on equity of 9.56%. The business earned $154.40 million during the quarter, compared to analysts’ expectations of $177.83 million. During the same quarter in the prior year, the firm earned $0.03 EPS. Equities research analysts forecast that South Jersey Industries Inc. will post $1.30 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Friday, September 9th were paid a $0.2638 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.06 annualized dividend and a dividend yield of 3.78%. South Jersey Industries’s dividend payout ratio is presently 72.92%.
A number of equities analysts recently commented on SJI shares. Morgan Stanley started coverage on South Jersey Industries in a research note on Thursday, September 8th. They set an “equal weight” rating and a $32.00 price target for the company. Janney Montgomery Scott lowered South Jersey Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Finally, Zacks Investment Research raised South Jersey Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $32.50.
South Jersey Industries Company Profile
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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