Gierl Augustine Investment Management Inc boosted its stake in shares of South Jersey Industries Inc. (NYSE:SJI) by 9.5% during the third quarter, Holdings Channel reports. The firm owned 89,083 shares of the company’s stock after buying an additional 7,718 shares during the period. South Jersey Industries comprises 2.4% of Gierl Augustine Investment Management Inc’s investment portfolio, making the stock its 25th largest position. Gierl Augustine Investment Management Inc’s holdings in South Jersey Industries were worth $2,632,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its position in shares of South Jersey Industries by 3.2% in the second quarter. Public Employees Retirement System of Ohio now owns 4,054 shares of the company’s stock worth $128,000 after buying an additional 127 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in South Jersey Industries during the second quarter worth about $154,000. BlackRock Japan Co. Ltd purchased a new stake in South Jersey Industries during the second quarter worth about $159,000. Sei Investments Co. purchased a new stake in South Jersey Industries during the second quarter worth about $167,000. Finally, TD Asset Management Inc. purchased a new stake in South Jersey Industries during the second quarter worth about $211,000. Institutional investors own 70.04% of the company’s stock.

Institutional Ownership by Quarter for South Jersey Industries (NYSE:SJI)

South Jersey Industries Inc. (NYSE:SJI) traded up 0.71% during mid-day trading on Tuesday, hitting $33.85. 758,544 shares of the company were exchanged. South Jersey Industries Inc. has a 12-month low of $21.24 and a 12-month high of $34.08. The company’s 50-day moving average is $29.87 and its 200 day moving average is $30.07. The company has a market capitalization of $2.68 billion, a P/E ratio of 20.28 and a beta of 0.58.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Friday, December 9th will be paid a dividend of $0.273 per share. This is a boost from South Jersey Industries’s previous quarterly dividend of $0.26. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Wednesday, December 7th. South Jersey Industries’s dividend payout ratio is presently 60.34%.

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A number of analysts have weighed in on the company. Zacks Investment Research raised South Jersey Industries from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Tuesday. Williams Capital lowered South Jersey Industries from a “buy” rating to a “hold” rating and boosted their price target for the company from $33.00 to $34.00 in a research note on Wednesday, November 23rd. Finally, Morgan Stanley began 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 on the stock. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $33.67.

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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