Alliancebernstein L.P. decreased its position in South Jersey Industries, Inc. (NYSE:SJI) by 4.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 116,708 shares of the utilities provider’s stock after selling 5,800 shares during the quarter. Alliancebernstein L.P. owned approximately 0.15% of South Jersey Industries worth $3,988,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SJI. Bank of Montreal Can lifted its holdings in 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 acquiring an additional 2,170 shares during the period. Strs Ohio lifted its holdings in South Jersey Industries by 9.7% in the first quarter. Strs Ohio now owns 7,900 shares of the utilities provider’s stock valued at $281,000 after acquiring an additional 700 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in South Jersey Industries by 118.9% in the first quarter. UBS Asset Management Americas Inc. now owns 62,058 shares of the utilities provider’s stock valued at $2,212,000 after acquiring an additional 33,712 shares during the period. Karp Capital Management Corp bought a new position in South Jersey Industries in the first quarter valued at about $1,006,000. Finally, Mason Street Advisors LLC lifted its holdings in South Jersey Industries by 7.3% in the first quarter. Mason Street Advisors LLC now owns 18,584 shares of the utilities provider’s stock valued at $663,000 after acquiring an additional 1,262 shares during the period. 69.48% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the company. Williams Capital downgraded South Jersey Industries from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a report on Monday, September 18th. BidaskClub raised South Jersey Industries from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Morgan Stanley raised their price objective on South Jersey Industries from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded 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 assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $38.67.

TRADEMARK VIOLATION WARNING: “Alliancebernstein L.P. Sells 5,800 Shares of South Jersey Industries, Inc. (SJI)” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/06/alliancebernstein-l-p-sells-5800-shares-of-south-jersey-industries-inc-sji.html.

South Jersey Industries, Inc. (NYSE:SJI) opened at 35.34 on Friday. The stock has a 50 day moving average price of $35.24 and a 200 day moving average price of $35.47. 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 cap of $2.80 billion, a P/E ratio of 32.81 and a beta of 0.75.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Monday, September 11th were paid a $0.273 dividend. The ex-dividend date was Friday, September 8th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.09%. South Jersey Industries’s payout ratio is 101.87%.

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)

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.