OLD Republic International Corp held its position in shares of South Jersey Industries, Inc. (NYSE:SJI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,000 shares of the utilities provider’s stock at the end of the second quarter. OLD Republic International Corp’s holdings in South Jersey Industries were worth $16,572,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH raised its position in shares of South Jersey Industries by 12.3% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 11,569 shares of the utilities provider’s stock valued at $412,000 after buying an additional 1,270 shares in the last quarter. United Services Automobile Association bought a new position in shares of South Jersey Industries during the first quarter valued at $858,000. Stifel Financial Corp raised its position in shares of South Jersey Industries by 28.2% in the first quarter. Stifel Financial Corp now owns 334,175 shares of the utilities provider’s stock valued at $11,908,000 after buying an additional 73,594 shares in the last quarter. Vanguard Group Inc. raised its position in shares of South Jersey Industries by 6.7% in the first quarter. Vanguard Group Inc. now owns 7,609,432 shares of the utilities provider’s stock valued at $271,277,000 after buying an additional 474,868 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of South Jersey Industries by 46,816.5% in the first quarter. BlackRock Inc. now owns 9,843,088 shares of the utilities provider’s stock valued at $350,905,000 after buying an additional 9,822,108 shares in the last quarter. 69.51% of the stock is owned by institutional investors.

South Jersey Industries, Inc. (NYSE:SJI) opened at 35.37 on Friday. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 32.84 and a beta of 0.77. South Jersey Industries, Inc. has a 12-month low of $27.51 and a 12-month high of $38.40. The stock has a 50 day moving average of $34.12 and a 200 day moving average of $34.99.

South Jersey Industries (NYSE:SJI) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.71%. The company had revenue of $244.37 million during the quarter, compared to analysts’ expectations of $179.63 million. During the same quarter in the prior year, the company posted $0.12 EPS. Equities research analysts anticipate that South Jersey Industries, Inc. will post $1.19 earnings per share for the current year.

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SJI has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of South Jersey Industries from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. Janney Montgomery Scott raised shares of South Jersey Industries from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. They noted that the move was a valuation call. Williams Capital raised shares of South Jersey Industries from a “hold” rating to a “buy” rating and raised their price objective for the stock from $34.00 to $36.00 in a report on Monday, July 17th. BidaskClub lowered shares of South Jersey Industries from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Finally, Morgan Stanley raised their price objective on shares of South Jersey Industries from $38.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. South Jersey Industries currently has an average rating of “Hold” and an average price target of $39.25.

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 (Midstream).

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

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