Sidoti lowered shares of South Jersey Industries (NYSE:SJI) from a buy rating to a neutral rating in a research note published on Monday, Marketbeat.com reports. Sidoti currently has $34.00 price target on the utilities provider’s stock.

Several other equities research analysts also recently commented on SJI. Zacks Investment Research downgraded South Jersey Industries from a hold rating to a sell rating in a report on Tuesday, September 12th. 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 report on Monday, September 18th. JPMorgan Chase & Co. raised 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. Janney Montgomery Scott reissued a buy rating on shares of South Jersey Industries in a research report on Tuesday, October 17th. Finally, Morgan Stanley dropped their target price on South Jersey Industries from $40.00 to $37.00 and set an equal weight rating on the stock in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. South Jersey Industries has an average rating of Hold and a consensus price target of $35.83.

South Jersey Industries (NYSE SJI) traded down $0.98 during midday trading on Monday, reaching $29.13. The company had a trading volume of 470,700 shares, compared to its average volume of 403,914. South Jersey Industries has a 52 week low of $29.10 and a 52 week high of $38.40. The company has a market cap of $2,320.00, a P/E ratio of 60.69, a price-to-earnings-growth ratio of 2.13 and a beta of 0.71. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.47 and a quick ratio of 0.38.

South Jersey Industries (NYSE:SJI) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). South Jersey Industries had a return on equity of 7.16% and a net margin of 3.13%. The business had revenue of $227.13 million during the quarter, compared to the consensus estimate of $222.92 million. equities research analysts anticipate that South Jersey Industries will post 1.17 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Monday, December 11th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.84%. This is a boost from South Jersey Industries’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, December 8th. South Jersey Industries’s dividend payout ratio (DPR) is presently 233.33%.

A number of large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its position in South Jersey Industries by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 3,585 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 29 shares during the last quarter. Amalgamated Bank boosted its position in South Jersey Industries by 0.8% in the second quarter. Amalgamated Bank now owns 10,896 shares of the utilities provider’s stock worth $372,000 after purchasing an additional 89 shares during the last quarter. WFG Advisors LP boosted its position in South Jersey Industries by 8.0% in the second quarter. WFG Advisors LP now owns 3,153 shares of the utilities provider’s stock worth $108,000 after purchasing an additional 234 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in South Jersey Industries by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,025 shares of the utilities provider’s stock worth $103,000 after purchasing an additional 262 shares during the last quarter. Finally, Summit Global Investments boosted its position in South Jersey Industries by 2.2% in the second quarter. Summit Global Investments now owns 13,700 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 300 shares during the last quarter. 70.35% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “South Jersey Industries (SJI) Downgraded to Neutral at Sidoti” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another publication, it was stolen and republished in violation of United States & international copyright and trademark laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2018/01/11/south-jersey-industries-sji-downgraded-to-neutral-at-sidoti.html.

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).

Analyst Recommendations for South Jersey Industries (NYSE:SJI)

Receive News & Stock Ratings for South Jersey Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South Jersey Industries and related stocks with our FREE daily email newsletter.