Zeke Capital Advisors LLC reduced its holdings in shares of South Jersey Industries Inc (NYSE:SJI) by 19.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,674 shares of the utilities provider’s stock after selling 1,644 shares during the quarter. Zeke Capital Advisors LLC’s holdings in South Jersey Industries were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of South Jersey Industries by 14.7% during the second quarter. BlackRock Inc. now owns 11,859,599 shares of the utilities provider’s stock valued at $396,941,000 after purchasing an additional 1,523,108 shares in the last quarter. FMR LLC lifted its holdings in shares of South Jersey Industries by 79.9% during the second quarter. FMR LLC now owns 3,725,457 shares of the utilities provider’s stock valued at $124,692,000 after purchasing an additional 1,655,127 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of South Jersey Industries by 10.5% during the second quarter. Macquarie Group Ltd. now owns 1,834,091 shares of the utilities provider’s stock valued at $61,387,000 after purchasing an additional 173,883 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of South Jersey Industries by 16.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,793,965 shares of the utilities provider’s stock valued at $63,273,000 after purchasing an additional 253,222 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of South Jersey Industries by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,734,879 shares of the utilities provider’s stock valued at $58,068,000 after purchasing an additional 96,020 shares in the last quarter. 85.87% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on SJI. Zacks Investment Research downgraded South Jersey Industries from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. Williams Capital lowered their price target on South Jersey Industries from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $31.00 price target on shares of South Jersey Industries in a report on Tuesday, October 30th. Morgan Stanley set a $36.00 price target on South Jersey Industries and gave the company a “hold” rating in a report on Thursday, October 11th. Finally, TheStreet downgraded South Jersey Industries from a “b+” rating to a “c+” rating in a report on Thursday, August 9th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. South Jersey Industries currently has a consensus rating of “Hold” and an average target price of $34.75.

South Jersey Industries stock opened at $31.68 on Monday. The firm has a market cap of $2.71 billion, a P/E ratio of 25.76, a PEG ratio of 1.73 and a beta of 0.70. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.30 and a quick ratio of 0.26. South Jersey Industries Inc has a one year low of $25.96 and a one year high of $36.72.

South Jersey Industries (NYSE:SJI) last posted its quarterly earnings data on Wednesday, November 7th. The utilities provider reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.02). The firm had revenue of $302.50 million for the quarter, compared to analysts’ expectations 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 firm’s revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS. As a group, research analysts anticipate that South Jersey Industries Inc will post 1.46 earnings per share for the current year.

In other news, Director Sunita Holzer acquired 1,500 shares of South Jersey Industries stock in a transaction that occurred on Monday, August 27th. The stock was bought at an average price of $32.88 per share, for a total transaction of $49,320.00. Following the completion of the transaction, the director now owns 25,866 shares in the company, valued at $850,474.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

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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.

See Also: Intrinsic Value

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

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