South Jersey Industries Inc. (sji) Announces $0.27 Dividend
South Jersey Industries Inc. (NYSE:sji) announced a dividend on Monday, November 21st. Shareholders of record on Friday, December 9th will be paid a dividend of 0.273 per share on Thursday, December 29th. The ex-dividend date is Wednesday, December 7th.
Shares of South Jersey Industries (NYSE:SJI) opened at 32.95 on Tuesday. The company has a market capitalization of $2.61 billion, a PE ratio of 19.74 and a beta of 0.58. South Jersey Industries has a one year low of $21.24 and a one year high of $32.95. The firm’s 50-day moving average price is $29.29 and its 200 day moving average price is $29.89.
SJI has been the topic of several analyst reports. Zacks Investment Research raised South Jersey Industries from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Morgan Stanley initiated coverage on South Jersey Industries in a report on Thursday, September 8th. They set an “equal weight” rating and a $32.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $32.50.
A number of hedge funds have recently added to or reduced their stakes in SJI. BlackRock Japan Co. Ltd acquired a new stake in South Jersey Industries during the second quarter valued at $159,000. Sei Investments Co. acquired a new stake in South Jersey Industries during the second quarter valued at $167,000. Cetera Advisor Networks LLC acquired a new stake in South Jersey Industries during the third quarter valued at $294,000. Clinton Group Inc. acquired a new stake in South Jersey Industries during the third quarter valued at $359,000. Finally, Fort Washington Investment Advisors Inc OH acquired a new stake in South Jersey Industries during the second quarter valued at $391,000. 68.59% of the stock is currently owned by institutional investors and hedge funds.
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.
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