South Jersey Industries, Inc. (NYSE:SJI) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its stake in shares of South Jersey Industries, Inc. (NYSE:SJI) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,514,772 shares of the utilities provider’s stock after buying an additional 16,251 shares during the period. Dimensional Fund Advisors LP owned about 1.91% of South Jersey Industries worth $54,001,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in SJI. Vanguard Group Inc. raised its position 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 raised its position in South Jersey Industries by 6.6% in the fourth quarter. State Street Corp now owns 1,841,110 shares of the utilities provider’s stock valued at $62,024,000 after buying an additional 114,655 shares during the period. Bank of New York Mellon Corp raised its position 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. Ameriprise Financial Inc. raised its position in shares of South Jersey Industries by 2.0% in the first quarter. Ameriprise Financial Inc. now owns 1,484,843 shares of the utilities provider’s stock worth $52,938,000 after buying an additional 28,883 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of South Jersey Industries by 19.2% in the first quarter. First Trust Advisors LP now owns 672,843 shares of the utilities provider’s stock worth $23,987,000 after buying an additional 108,460 shares during the last quarter. 69.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of South Jersey Industries, Inc. (NYSE:SJI) traded down 0.12% on Monday, reaching $34.25. The company’s stock had a trading volume of 268,635 shares. The stock has a 50-day moving average of $34.37 and a 200 day moving average of $34.89. 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 capitalization of $2.72 billion, a price-to-earnings ratio of 30.39 and a beta of 0.77.
South Jersey Industries (NYSE:SJI) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.70%. The business had revenue of $244.37 million for the quarter, compared to analysts’ expectations of $179.63 million. During the same quarter last year, the firm earned $0.12 EPS. On average, analysts expect that South Jersey Industries, Inc. will post $1.19 EPS for the current year.
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A number of equities analysts have issued reports on the company. Williams Capital raised South Jersey Industries from a “hold” rating to a “buy” rating and upped their target price for the company from $34.00 to $36.00 in a research report on Monday, July 17th. Zacks Investment Research upgraded South Jersey Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, BidaskClub downgraded South Jersey Industries from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. South Jersey Industries presently has a consensus rating of “Hold” and a consensus price target 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).
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