Public Employees Retirement System of Ohio held its position in shares of South Jersey Industries, Inc. (NYSE:SJI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,556 shares of the utilities provider’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in South Jersey Industries were worth $127,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of South Jersey Industries by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,311,983 shares of the utilities provider’s stock worth $82,422,000 after buying an additional 812,762 shares during the period. Bragg Financial Advisors Inc boosted its stake in South Jersey Industries by 1.8% in the first quarter. Bragg Financial Advisors Inc now owns 56,061 shares of the utilities provider’s stock worth $1,999,000 after buying an additional 1,000 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in South Jersey Industries by 50.2% in the first quarter. Tudor Investment Corp ET AL now owns 24,451 shares of the utilities provider’s stock worth $872,000 after buying an additional 8,172 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in South Jersey Industries during the first quarter worth approximately $4,525,000. Finally, State Street Corp boosted its stake in South Jersey Industries by 6.3% in the first quarter. State Street Corp now owns 1,956,777 shares of the utilities provider’s stock worth $69,759,000 after buying an additional 115,667 shares in the last quarter. Institutional investors and hedge funds own 69.51% of the company’s stock.

South Jersey Industries, Inc. (NYSE SJI) traded down 2.16% during mid-day trading on Friday, hitting $35.37. 547,266 shares of the stock were exchanged. The company has a 50-day moving average price of $34.12 and a 200-day moving average price of $34.99. The company has a market cap of $2.81 billion, a P/E ratio of 32.84 and a beta of 0.77. South Jersey Industries, Inc. has a one year low of $27.51 and a one year high of $38.40.

South Jersey Industries (NYSE:SJI) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $244.37 million during the quarter, compared to analysts’ expectations of $179.63 million. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.71%. During the same quarter last year, the business earned $0.12 earnings per share. Analysts forecast that South Jersey Industries, Inc. will post $1.19 earnings per share for the current fiscal year.

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A number of research firms have recently commented on SJI. Janney Montgomery Scott raised shares of South Jersey Industries from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. They noted that the move was a valuation call. BidaskClub raised shares of South Jersey Industries from a “strong sell” rating to a “sell” rating in a research note on Friday. Morgan Stanley boosted their target price on shares of South Jersey Industries from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday. Williams Capital raised shares of South Jersey Industries from a “hold” rating to a “buy” rating and boosted their target price for the stock from $34.00 to $36.00 in a research note on Monday, July 17th. Finally, Zacks Investment Research cut shares of South Jersey Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. South Jersey Industries has an average rating of “Hold” and an average price target of $39.25.

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 (Midstream).

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

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