Quantbot Technologies LP purchased a new position in shares of South Jersey Industries, Inc. (NYSE:SJI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,207 shares of the utilities provider’s stock, valued at approximately $348,000.

Other large investors also recently bought and sold shares of the company. First Mercantile Trust Co. boosted its holdings 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 last quarter. Amalgamated Bank grew its stake in shares of South Jersey Industries by 0.8% during the 2nd quarter. Amalgamated Bank now owns 10,896 shares of the utilities provider’s stock valued at $372,000 after buying an additional 89 shares during the period. Teacher Retirement System of Texas grew its stake in shares of South Jersey Industries by 2.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 6,349 shares of the utilities provider’s stock valued at $217,000 after buying an additional 150 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of South Jersey Industries by 0.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 52,470 shares of the utilities provider’s stock valued at $1,793,000 after buying an additional 200 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of 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 buying an additional 262 shares during the period. 69.48% of the stock is currently owned by institutional investors.

South Jersey Industries, Inc. (SJI) opened at 34.53 on Monday. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 32.06 and a beta of 0.75. South Jersey Industries, Inc. has a 12-month low of $27.51 and a 12-month high of $38.40. The company has a 50-day moving average of $35.29 and a 200 day moving average of $35.39.

South Jersey Industries (NYSE:SJI) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. South Jersey Industries had a return on equity of 7.71% and a net margin of 7.02%. The company had revenue of $244.37 million for the quarter, compared to analyst estimates of $179.63 million. During the same period in the prior year, the firm posted $0.12 EPS. Equities analysts anticipate that South Jersey Industries, Inc. will post $1.19 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Monday, September 11th will be issued a dividend of $0.273 per share. The ex-dividend date is Friday, September 8th. This represents a $1.09 annualized dividend and a dividend yield of 3.16%. South Jersey Industries’s dividend payout ratio is 101.87%.

A number of research firms have recently commented on SJI. Janney Montgomery Scott upgraded 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 South Jersey Industries from a “hold” rating to a “buy” rating and increased their target price for the stock from $34.00 to $36.00 in a research report on Monday, July 17th. Morgan Stanley lifted their target price on South Jersey Industries from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Zacks Investment Research upgraded South Jersey Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, BidaskClub raised South Jersey Industries from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. South Jersey Industries presently has a consensus rating of “Hold” and a consensus target price of $39.50.

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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).

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

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