South Jersey Industries Inc (NYSE:SJI) CEO Michael J. Renna acquired 3,220 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were bought at an average price of $30.82 per share, with a total value of $99,240.40. The transaction was disclosed in a document filed with the SEC, which is available through this link.

SJI opened at $31.83 on Wednesday. The stock has a market capitalization of $2.71 billion, a PE ratio of 25.88, a price-to-earnings-growth 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 twelve month low of $25.96 and a twelve month high of $36.72.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Monday, December 10th will be paid a $0.2875 dividend. This is an increase from South Jersey Industries’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, December 7th. This represents a $1.15 annualized dividend and a dividend yield of 3.61%. South Jersey Industries’s dividend payout ratio (DPR) is presently 91.06%.

A number of research firms recently issued reports on SJI. ValuEngine upgraded shares of South Jersey Industries from a “hold” rating to a “buy” rating in a report on Tuesday. Wells Fargo & Co restated a “market perform” rating and set a $31.00 price objective on shares of South Jersey Industries in a report on Tuesday, October 30th. Williams Capital reduced their target price on shares of South Jersey Industries from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Zacks Investment Research downgraded shares of South Jersey Industries from a “buy” rating to a “hold” rating in a research note on Thursday, October 25th. Finally, Morgan Stanley reduced their target price on shares of South Jersey Industries from $36.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $34.75.

Several institutional investors and hedge funds have recently bought and sold shares of SJI. United Services Automobile Association grew its stake in South Jersey Industries by 12.3% during the second quarter. United Services Automobile Association now owns 14,021 shares of the utilities provider’s stock valued at $469,000 after acquiring an additional 1,536 shares in the last quarter. AMP Capital Investors Ltd grew its stake in South Jersey Industries by 5.4% during the second quarter. AMP Capital Investors Ltd now owns 31,781 shares of the utilities provider’s stock valued at $1,064,000 after acquiring an additional 1,620 shares in the last quarter. OppenheimerFunds Inc. grew its stake in South Jersey Industries by 6.4% during the second quarter. OppenheimerFunds Inc. now owns 29,229 shares of the utilities provider’s stock valued at $978,000 after acquiring an additional 1,761 shares in the last quarter. US Bancorp DE grew its stake in South Jersey Industries by 90.1% during the second quarter. US Bancorp DE now owns 3,729 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 1,767 shares in the last quarter. Finally, New York State Teachers Retirement System grew its stake in South Jersey Industries by 1.1% during the second quarter. New York State Teachers Retirement System now owns 180,982 shares of the utilities provider’s stock valued at $6,057,000 after acquiring an additional 1,910 shares in the last quarter. Hedge funds and other institutional investors own 85.87% of the company’s stock.

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About South Jersey Industries

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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