Fort Washington Investment Advisors Inc. OH raised its holdings in shares of South Jersey Industries, Inc. (NYSE:SJI) by 29.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,969 shares of the utilities provider’s stock after acquiring an additional 3,400 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in South Jersey Industries were worth $511,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SJI. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in South Jersey Industries by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,025 shares of the utilities provider’s stock valued at $103,000 after acquiring an additional 262 shares in the last quarter. First Mercantile Trust Co. grew its stake in South Jersey Industries by 2.0% during the 2nd quarter. First Mercantile Trust Co. now owns 3,060 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 60 shares in the last quarter. Bank of Montreal Can grew its stake in South Jersey Industries by 180.8% during the 1st quarter. Bank of Montreal Can now owns 3,370 shares of the utilities provider’s stock valued at $120,000 after acquiring an additional 2,170 shares in the last quarter. LS Investment Advisors LLC grew its stake in South Jersey Industries by 52.3% during the 1st quarter. LS Investment Advisors LLC now owns 4,548 shares of the utilities provider’s stock valued at $162,000 after acquiring an additional 1,561 shares in the last quarter. Finally, Riverhead Capital Management LLC grew its stake in South Jersey Industries by 81.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,992 shares of the utilities provider’s stock valued at $205,000 after acquiring an additional 2,692 shares in the last quarter. 69.48% of the stock is currently owned by institutional investors.

Shares of South Jersey Industries, Inc. (NYSE:SJI) opened at 35.42 on Tuesday. The company has a market cap of $2.81 billion, a PE ratio of 32.89 and a beta of 0.77. South Jersey Industries, Inc. has a 52 week low of $27.51 and a 52 week high of $38.40. The company has a 50 day moving average price of $35.25 and a 200 day moving average price of $35.39.

South Jersey Industries (NYSE:SJI) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.06. South Jersey Industries had a return on equity of 7.71% and a net margin of 7.02%. The business had revenue of $244.37 million for the quarter, compared to analyst estimates of $179.63 million. During the same quarter last year, the firm earned $0.12 EPS. On average, equities analysts expect that South Jersey Industries, Inc. will post $1.19 earnings per share for the current 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 given a $0.273 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Friday, September 8th. South Jersey Industries’s dividend payout ratio is presently 101.87%.

Several research firms have weighed in on SJI. Williams Capital cut South Jersey Industries from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research note on Monday. BidaskClub raised South Jersey Industries from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Morgan Stanley lifted their target price on South Jersey Industries from $38.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Zacks Investment Research cut South Jersey Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Finally, Janney Montgomery Scott raised South Jersey Industries from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $39.50.

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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)

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