Private Advisor Group LLC decreased its position in shares of South Jersey Industries, Inc. (NYSE:SJI) by 8.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,341 shares of the utilities provider’s stock after selling 1,436 shares during the period. Private Advisor Group LLC’s holdings in South Jersey Industries were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SJI. Bank of Montreal Can increased its holdings in shares of South Jersey Industries by 180.8% during the first quarter. Bank of Montreal Can now owns 3,370 shares of the utilities provider’s stock worth $120,000 after buying an additional 2,170 shares in the last quarter. Strs Ohio increased its holdings in shares of South Jersey Industries by 9.7% during the first quarter. Strs Ohio now owns 7,900 shares of the utilities provider’s stock worth $281,000 after buying an additional 700 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of South Jersey Industries by 6.5% during the first quarter. Great West Life Assurance Co. Can now owns 112,368 shares of the utilities provider’s stock worth $4,005,000 after buying an additional 6,837 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of South Jersey Industries by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 1,501,014 shares of the utilities provider’s stock worth $53,512,000 after buying an additional 33,025 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of South Jersey Industries by 1.9% during the first quarter. Comerica Bank now owns 105,264 shares of the utilities provider’s stock worth $3,997,000 after buying an additional 1,929 shares in the last quarter. 69.48% of the stock is owned by institutional investors.

Shares of South Jersey Industries, Inc. (NYSE:SJI) opened at 36.34 on Friday. South Jersey Industries, Inc. has a 1-year low of $27.51 and a 1-year high of $38.40. The company has a market capitalization of $2.88 billion, a PE ratio of 33.74 and a beta of 0.77. The stock’s 50 day moving average is $35.21 and its 200 day moving average is $35.38.

South Jersey Industries (NYSE:SJI) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $244.37 million during the quarter, compared to analysts’ expectations of $179.63 million. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.71%. During the same period in the previous year, the company earned $0.12 EPS. On average, equities research analysts anticipate that South Jersey Industries, Inc. will post $1.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Monday, September 11th will be given a $0.273 dividend. This represents a $1.09 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, September 8th. South Jersey Industries’s payout ratio is presently 101.87%.

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SJI has been the subject of several recent analyst reports. Janney Montgomery Scott raised shares of South Jersey Industries from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. They noted that the move was a valuation call. Williams Capital raised shares of South Jersey Industries from a “hold” rating to a “buy” rating and raised their price objective for the stock from $34.00 to $36.00 in a report on Monday, July 17th. Morgan Stanley raised their price objective on shares of South Jersey Industries from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Zacks Investment Research raised shares of South Jersey Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, BidaskClub raised shares of South Jersey Industries from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $39.50.

South Jersey Industries 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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