Schwab Charles Investment Management Inc. increased its position in shares of South Jersey Industries, Inc. (NYSE:SJI) by 10.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 434,199 shares of the utilities provider’s stock after buying an additional 41,890 shares during the period. Schwab Charles Investment Management Inc. owned 0.55% of South Jersey Industries worth $15,480,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its stake in shares of South Jersey Industries by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 8,810 shares of the utilities provider’s stock worth $314,000 after buying an additional 210 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of South Jersey Industries during the first quarter valued at approximately $226,000. Louisiana State Employees Retirement System boosted its stake in shares of South Jersey Industries by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 32,400 shares of the utilities provider’s stock valued at $1,155,000 after buying an additional 500 shares during the period. Gierl Augustine Investment Management Inc boosted its stake in shares of South Jersey Industries by 8.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 103,840 shares of the utilities provider’s stock valued at $3,702,000 after buying an additional 7,939 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of South Jersey Industries by 180.8% in the first quarter. Bank of Montreal Can now owns 3,370 shares of the utilities provider’s stock valued at $120,000 after buying an additional 2,170 shares during the period. Institutional investors own 69.51% of the company’s stock.

Shares of South Jersey Industries, Inc. (SJI) traded up 1.93% on Tuesday, hitting $34.91. The stock had a trading volume of 460,975 shares. The company has a market cap of $2.77 billion, a PE ratio of 30.98 and a beta of 0.77. The stock’s 50-day moving average price is $34.14 and its 200 day moving average price is $34.88. South Jersey Industries, Inc. has a 52 week low of $27.51 and a 52 week high of $38.40.

South Jersey Industries (NYSE:SJI) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $244.37 million during the quarter, compared to analyst estimates of $179.63 million. South Jersey Industries had a return on equity of 7.70% and a net margin of 7.02%. During the same period in the prior year, the company posted $0.12 earnings per share. On average, analysts predict that South Jersey Industries, Inc. will post $1.19 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “South Jersey Industries, Inc. (NYSE:SJI) Stake Raised by Schwab Charles Investment Management Inc.” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/08/08/schwab-charles-investment-management-inc-purchases-41890-shares-of-south-jersey-industries-inc-nysesji-updated-updated-updated.html.

SJI has been the topic of several research reports. Zacks Investment Research cut shares of South Jersey Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. BidaskClub cut South Jersey Industries from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Williams Capital raised South Jersey Industries from a “hold” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $36.00 in a research note on Monday, July 17th. Finally, Janney Montgomery Scott raised South Jersey Industries from a “neutral” rating to a “buy” rating in a research note on Tuesday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $37.50.

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 (Midstream).

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

Receive News & Stock Ratings for South Jersey Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South Jersey Industries Inc. and related stocks with our FREE daily email newsletter.