Glenmede Trust Co. NA continued to hold its position in South Jersey Industries, Inc. (NYSE:SJI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,600 shares of the utilities provider’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in South Jersey Industries were worth $625,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in South Jersey Industries by 46,816.5% in the first quarter. BlackRock Inc. now owns 9,843,088 shares of the utilities provider’s stock valued at $350,905,000 after buying an additional 9,822,108 shares during the last quarter. Vanguard Group Inc. increased its stake in South Jersey Industries by 6.7% in the first quarter. Vanguard Group Inc. now owns 7,609,432 shares of the utilities provider’s stock valued at $271,277,000 after buying an additional 474,868 shares during the period. State Street Corp increased its stake in South Jersey Industries by 6.3% in the first quarter. State Street Corp now owns 1,956,777 shares of the utilities provider’s stock valued at $69,759,000 after buying an additional 115,667 shares during the period. Dimensional Fund Advisors LP increased its stake in South Jersey Industries by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,514,772 shares of the utilities provider’s stock valued at $54,001,000 after buying an additional 16,251 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in South Jersey Industries by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 1,501,014 shares of the utilities provider’s stock valued at $53,512,000 after buying an additional 33,025 shares during the period. Institutional investors and hedge funds own 69.55% of the company’s stock.

South Jersey Industries, Inc. (SJI) traded up 0.53% during midday trading on Thursday, reaching $34.22. 196,943 shares of the company’s stock traded hands. South Jersey Industries, Inc. has a 52-week low of $27.51 and a 52-week high of $38.40. The stock has a market cap of $2.72 billion, a P/E ratio of 31.69 and a beta of 0.77. The company’s 50-day moving average price is $34.37 and its 200-day moving average price is $34.89.

South Jersey Industries (NYSE:SJI) last posted its earnings results on Tuesday, May 9th. The utilities provider reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.09. The company had revenue of $425.83 million during the quarter, compared to analysts’ expectations of $329.50 million. South Jersey Industries had a return on equity of 8.04% and a net margin of 7.83%. During the same period in the prior year, the business posted $0.80 earnings per share. On average, equities analysts predict that South Jersey Industries, Inc. will post $1.19 EPS for the current fiscal year.

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Several research firms have weighed in on SJI. Zacks Investment Research raised shares of South Jersey Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub downgraded shares of South Jersey Industries from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Williams Capital raised shares of South Jersey Industries from a “hold” rating to a “buy” rating and lifted their price target for the company from $34.00 to $36.00 in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. South Jersey Industries presently has a consensus rating of “Hold” and an average target price of $37.50.

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 (Midstream).

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

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