Bank of New York Mellon Corp lowered its position in South Jersey Industries, Inc. (NYSE:SJI) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,431,359 shares of the utilities provider’s stock after selling 40,346 shares during the period. Bank of New York Mellon Corp owned 1.80% of South Jersey Industries worth $49,424,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Rhumbline Advisers raised its position in shares of South Jersey Industries by 1.8% in the 3rd quarter. Rhumbline Advisers now owns 171,783 shares of the utilities provider’s stock worth $5,932,000 after acquiring an additional 3,017 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of South Jersey Industries by 59.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 29,820 shares of the utilities provider’s stock worth $1,030,000 after acquiring an additional 11,060 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of South Jersey Industries by 55.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 41,858 shares of the utilities provider’s stock worth $1,445,000 after acquiring an additional 15,009 shares in the last quarter. Advantus Capital Management Inc raised its position in shares of South Jersey Industries by 35.6% in the 3rd quarter. Advantus Capital Management Inc now owns 81,886 shares of the utilities provider’s stock worth $2,828,000 after acquiring an additional 21,500 shares in the last quarter. Finally, Roffman Miller Associates Inc. PA raised its position in shares of South Jersey Industries by 4.0% in the 3rd quarter. Roffman Miller Associates Inc. PA now owns 530,349 shares of the utilities provider’s stock worth $18,313,000 after acquiring an additional 20,395 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

South Jersey Industries, Inc. (NYSE SJI) traded down $0.04 during trading on Monday, hitting $33.82. The company had a trading volume of 204,100 shares, compared to its average volume of 335,435. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.47 and a quick ratio of 0.38. The stock has a market cap of $2,690.35, a P/E ratio of 29.41, a P/E/G ratio of 3.81 and a beta of 0.71. South Jersey Industries, Inc. has a 52 week low of $31.39 and a 52 week high of $38.40.

South Jersey Industries (NYSE:SJI) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The company had revenue of $227.13 million during the quarter, compared to analysts’ expectations of $222.92 million. South Jersey Industries had a return on equity of 7.16% and a net margin of 3.13%. research analysts predict that South Jersey Industries, Inc. will post 1.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Monday, December 11th will be paid a $0.28 dividend. The ex-dividend date is Friday, December 8th. This represents a $1.12 annualized dividend and a dividend yield of 3.31%. This is an increase from South Jersey Industries’s previous quarterly dividend of $0.27. South Jersey Industries’s dividend payout ratio is presently 227.09%.

Several research analysts have recently issued reports on SJI shares. J P Morgan Chase & Co increased their target price on South Jersey Industries from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Morgan Stanley increased their target price on South Jersey Industries from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded South Jersey Industries from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. BidaskClub upgraded South Jersey Industries from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Finally, Williams Capital downgraded South Jersey Industries from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a research note on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.00.

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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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