Goldman Sachs Group Inc. raised its position in shares of South Jersey Industries, Inc. (NYSE:SJI) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,352,293 shares of the utilities provider’s stock after buying an additional 40,310 shares during the period. Goldman Sachs Group Inc. owned about 2.96% of South Jersey Industries worth $80,378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SJI. BlackRock Inc. increased its holdings in shares of South Jersey Industries by 46,816.5% during the first quarter. BlackRock Inc. now owns 9,843,088 shares of the utilities provider’s stock worth $350,905,000 after buying an additional 9,822,108 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of South Jersey Industries by 6.7% during the first quarter. Vanguard Group Inc. now owns 7,609,432 shares of the utilities provider’s stock worth $271,277,000 after buying an additional 474,868 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of South Jersey Industries by 2,451.8% during the first quarter. Asset Management One Co. Ltd. now owns 154,282 shares of the utilities provider’s stock worth $5,480,000 after buying an additional 148,236 shares in the last quarter. Northern Trust Corp increased its holdings in shares of South Jersey Industries by 8.7% during the second quarter. Northern Trust Corp now owns 1,665,298 shares of the utilities provider’s stock worth $56,904,000 after buying an additional 133,720 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of South Jersey Industries during the first quarter worth approximately $4,679,000. 69.48% of the stock is owned by institutional investors.

Shares of South Jersey Industries, Inc. (NYSE:SJI) opened at 35.44 on Thursday. South Jersey Industries, Inc. has a 1-year low of $27.51 and a 1-year high of $38.40. The stock’s 50 day moving average is $35.24 and its 200 day moving average is $35.47. The company has a market capitalization of $2.81 billion, a PE ratio of 32.91 and a beta of 0.75.

South Jersey Industries (NYSE:SJI) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. The business 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 period in the prior year, the company earned $0.12 EPS. On average, equities research analysts anticipate that South Jersey Industries, Inc. will post $1.19 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Monday, September 11th were given a dividend of $0.273 per share. This represents a $1.09 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Friday, September 8th. South Jersey Industries’s dividend payout ratio is 101.87%.

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Several analysts have recently weighed in on the stock. Williams Capital lowered shares of South Jersey Industries from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a report on Monday, September 18th. Zacks Investment Research cut shares of South Jersey Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Morgan Stanley increased their price target on shares of South Jersey Industries from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. BidaskClub cut shares of South Jersey Industries from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $38.67.

South Jersey Industries 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).

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

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