Hennessy Advisors Inc. boosted its position in shares of South Jersey Industries Inc. (NYSE:SJI) by 17.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 463,921 shares of the company’s stock after buying an additional 69,250 shares during the period. Hennessy Advisors Inc. owned about 0.59% of South Jersey Industries worth $13,709,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Macquarie Group Ltd. raised its position in South Jersey Industries by 55.0% in the second quarter. Macquarie Group Ltd. now owns 331,012 shares of the company’s stock worth $10,467,000 after buying an additional 117,519 shares in the last quarter. Mason Street Advisors LLC purchased a new position in South Jersey Industries during the second quarter worth $491,000. Public Employees Retirement System of Ohio raised its position in South Jersey Industries by 3.2% in the second quarter. Public Employees Retirement System of Ohio now owns 4,054 shares of the company’s stock worth $128,000 after buying an additional 127 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in South Jersey Industries by 14.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 347,259 shares of the company’s stock worth $10,981,000 after buying an additional 42,778 shares in the last quarter. Finally, Stifel Financial Corp raised its position in South Jersey Industries by 23.6% in the second quarter. Stifel Financial Corp now owns 199,481 shares of the company’s stock worth $6,307,000 after buying an additional 38,106 shares in the last quarter. 70.04% of the stock is owned by institutional investors and hedge funds.

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

South Jersey Industries Inc. (NYSE:SJI) traded down 2.95% during midday trading on Wednesday, reaching $32.85. 133,735 shares of the company’s stock traded hands. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 19.68 and a beta of 0.58. South Jersey Industries Inc. has a 52 week low of $21.24 and a 52 week high of $33.61. The company’s 50-day moving average price is $29.87 and its 200 day moving average price is $30.07.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Friday, December 9th will be given a dividend of $0.273 per share. This is a positive change from South Jersey Industries’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, December 7th. This represents a $1.09 annualized dividend and a dividend yield of 3.23%. South Jersey Industries’s dividend payout ratio (DPR) is 60.34%.

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A number of research firms have recently weighed in on SJI. US Capital Advisors lowered shares of South Jersey Industries from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of South Jersey Industries from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Tuesday. Williams Capital downgraded shares of South Jersey Industries from a “buy” rating to a “hold” rating and boosted their target price for the company from $33.00 to $34.00 in a report on Wednesday, November 23rd. Finally, Morgan Stanley assumed coverage on shares of South Jersey Industries in a report on Thursday, September 8th. They issued an “equal weight” rating and a $32.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $33.67.

About South Jersey Industries

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.

5 Day Chart for NYSE:SJI

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