Teacher Retirement System of Texas Purchases 2,465 Shares of South Jersey Industries Inc. (SJI)
Teacher Retirement System of Texas boosted its position in South Jersey Industries Inc. (NYSE:SJI) by 28.8% during the second quarter, Holdings Channel reports. The firm owned 11,014 shares of the company’s stock after buying an additional 2,465 shares during the period. Teacher Retirement System of Texas’ holdings in South Jersey Industries were worth $348,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in South Jersey Industries by 41.6% in the first quarter. Renaissance Technologies LLC now owns 429,800 shares of the company’s stock worth $12,228,000 after buying an additional 126,300 shares during the period. Wellington Management Group LLP increased its stake in South Jersey Industries by 20.6% in the first quarter. Wellington Management Group LLP now owns 644,689 shares of the company’s stock worth $18,342,000 after buying an additional 110,018 shares during the period. Geode Capital Management LLC increased its stake in South Jersey Industries by 2.3% in the first quarter. Geode Capital Management LLC now owns 453,861 shares of the company’s stock worth $12,912,000 after buying an additional 10,401 shares during the period. State Street Corp increased its stake in South Jersey Industries by 0.7% in the first quarter. State Street Corp now owns 1,448,741 shares of the company’s stock worth $41,215,000 after buying an additional 9,618 shares during the period. Finally, Zebra Capital Management LLC increased 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 period. 69.67% of the stock is owned by institutional investors.
South Jersey Industries Inc. (NYSE:SJI) traded up 0.86% during mid-day trading on Thursday, reaching $28.14. The company’s stock had a trading volume of 40,160 shares. The company has a 50 day moving average of $29.36 and a 200-day moving average of $29.53. The stock has a market cap of $2.23 billion, a PE ratio of 19.86 and a beta of 0.70. South Jersey Industries Inc. has a 52-week low of $21.24 and a 52-week high of $32.03.
South Jersey Industries (NYSE:SJI) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. The firm earned $154.40 million during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $0.03 earnings per share. Equities analysts forecast that South Jersey Industries Inc. will post $1.30 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th were issued a $0.2638 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.78%. South Jersey Industries’s dividend payout ratio (DPR) is 72.92%.
A number of research analysts have recently commented on SJI shares. Zacks Investment Research raised South Jersey Industries from a “strong sell” rating to a “hold” rating in a report on Thursday, July 7th. Janney Montgomery Scott lowered South Jersey Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, Morgan Stanley started coverage on South Jersey Industries in a report on Thursday, September 8th. They set an “equal weight” rating and a $32.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. South Jersey Industries presently has an average rating of “Hold” and an average price target 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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