Russell Investments Group Ltd. trimmed its stake in shares of South Jersey Industries Inc (NYSE:SJI) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 222,124 shares of the utilities provider’s stock after selling 10,751 shares during the period. Russell Investments Group Ltd. owned approximately 0.26% of South Jersey Industries worth $7,829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SJI. Royal Bank of Canada boosted its stake in shares of South Jersey Industries by 77.4% during the 1st quarter. Royal Bank of Canada now owns 5,579 shares of the utilities provider’s stock worth $156,000 after acquiring an additional 2,435 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of South Jersey Industries by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 618,532 shares of the utilities provider’s stock worth $17,418,000 after purchasing an additional 15,362 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of South Jersey Industries by 8.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 27,940 shares of the utilities provider’s stock worth $935,000 after purchasing an additional 2,250 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of South Jersey Industries during the 2nd quarter worth about $125,000. Finally, Louisiana State Employees Retirement System lifted its position in shares of South Jersey Industries by 8.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 38,300 shares of the utilities provider’s stock worth $1,282,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 85.87% of the company’s stock.

South Jersey Industries stock opened at $31.68 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 1.73 and a beta of 0.70. South Jersey Industries Inc has a 12 month low of $25.96 and a 12 month high of $36.72.

South Jersey Industries (NYSE:SJI) last posted its quarterly earnings results on Wednesday, November 7th. The utilities provider reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.02). The firm had revenue of $302.50 million during the quarter, compared to analyst estimates of $242.21 million. South Jersey Industries had a negative net margin of 1.73% and a positive return on equity of 9.79%. The company’s revenue was up 33.1% on a year-over-year basis. During the same period last year, the company earned ($0.05) EPS. As a group, analysts expect that South Jersey Industries Inc will post 1.46 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on SJI shares. Bank of America started coverage on South Jersey Industries in a research report on Monday, July 30th. They set a “neutral” rating and a $34.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on South Jersey Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. TheStreet cut South Jersey Industries from a “b+” rating to a “c+” rating in a research report on Thursday, August 9th. Morgan Stanley boosted their price objective on South Jersey Industries from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Finally, Zacks Investment Research cut South Jersey Industries from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. South Jersey Industries currently has a consensus rating of “Hold” and an average target price of $34.75.

In other news, Director Sunita Holzer purchased 1,500 shares of the business’s stock in a transaction on Monday, August 27th. The stock was purchased at an average price of $32.88 per share, with a total value of $49,320.00. Following the acquisition, the director now directly owns 25,866 shares in the company, valued at approximately $850,474.08. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.64% of the company’s stock.

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South Jersey Industries Profile

South Jersey Industries, Inc, through its subsidiaries, provides energy-related products and services. The company engages in the purchase, transmission, and sale of natural gas. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial customers on the interstate pipeline system, as well as transports natural gas, which is purchased directly from producers or suppliers to their customers.

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

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