Captrust Financial Advisors purchased a new stake in South Jersey Industries, Inc. (NYSE:SJI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,737 shares of the utilities provider’s stock, valued at approximately $129,000.

Other hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of South Jersey Industries by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,025 shares of the utilities provider’s stock valued at $103,000 after purchasing an additional 262 shares during the period. First Mercantile Trust Co. lifted its stake in shares of South Jersey Industries by 2.0% in the 2nd quarter. First Mercantile Trust Co. now owns 3,060 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 60 shares during the period. Bank of Montreal Can increased its position in shares of South Jersey Industries by 180.8% in the 1st 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 in the last quarter. LS Investment Advisors LLC increased its position in shares of South Jersey Industries by 52.3% in the 1st quarter. LS Investment Advisors LLC now owns 4,548 shares of the utilities provider’s stock valued at $162,000 after buying an additional 1,561 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its position in shares of South Jersey Industries by 81.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,992 shares of the utilities provider’s stock valued at $205,000 after buying an additional 2,692 shares in the last quarter. 69.48% of the stock is currently owned by institutional investors.

South Jersey Industries, Inc. (NYSE:SJI) opened at 36.34 on Friday. The company has a market cap of $2.88 billion, a PE ratio of 33.74 and a beta of 0.77. South Jersey Industries, Inc. has a 12-month low of $27.51 and a 12-month high of $38.40. The firm’s 50-day moving average price is $35.21 and its 200-day moving average price is $35.38.

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 business had revenue of $244.37 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $0.12 earnings per share. Equities research analysts forecast that South Jersey Industries, Inc. will post $1.19 earnings per share for the current fiscal year.

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

A number of research firms recently commented on SJI. BidaskClub upgraded shares of South Jersey Industries from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Morgan Stanley upped their price objective on shares of South Jersey Industries from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Zacks Investment Research cut shares of South Jersey Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Janney Montgomery Scott upgraded shares of South Jersey Industries from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. They noted that the move was a valuation call. Finally, Williams Capital upgraded shares of South Jersey Industries from a “hold” rating to a “buy” rating and upped their price objective for the company from $34.00 to $36.00 in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $39.50.

COPYRIGHT VIOLATION WARNING: This report was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/09/17/3737-shares-in-south-jersey-industries-inc-sji-purchased-by-captrust-financial-advisors.html.

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).

Want to see what other hedge funds are holding SJI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for South Jersey Industries, Inc. (NYSE:SJI).

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.