Wsfs Capital Management LLC continued to hold its stake in shares of South Jersey Industries, Inc. (NYSE:SJI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,224 shares of the utilities provider’s stock at the end of the first quarter. Wsfs Capital Management LLC’s holdings in South Jersey Industries were worth $222,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new position in shares of South Jersey Industries during the third quarter worth approximately $1,227,000. Robecosam AG increased its position in South Jersey Industries by 808.9% in the third quarter. Robecosam AG now owns 204,500 shares of the utilities provider’s stock valued at $6,086,000 after buying an additional 182,000 shares in the last quarter. Phocas Financial Corp. increased its position in South Jersey Industries by 6.5% in the third quarter. Phocas Financial Corp. now owns 171,545 shares of the utilities provider’s stock valued at $5,069,000 after buying an additional 10,463 shares in the last quarter. Crow Point Partners LLC bought a new position in South Jersey Industries during the third quarter valued at about $9,616,000. Finally, Russell Investments Group Ltd. bought a new position in South Jersey Industries during the fourth quarter valued at about $10,731,000. 69.56% of the stock is currently owned by institutional investors.
Shares of South Jersey Industries, Inc. (NYSE:SJI) traded down 0.935% during mid-day trading on Tuesday, reaching $35.495. 58,719 shares of the company were exchanged. The firm has a market capitalization of $2.82 billion, a PE ratio of 31.495 and a beta of 0.78. South Jersey Industries, Inc. has a 12 month low of $27.51 and a 12 month high of $38.40. The company’s 50 day moving average price is $36.16 and its 200 day moving average price is $34.81.
South Jersey Industries (NYSE:SJI) last released its earnings results on Tuesday, May 9th. The utilities provider reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.09. South Jersey Industries had a net margin of 7.83% and a return on equity of 8.04%. The firm had revenue of $425.83 million during the quarter, compared to the consensus estimate of $329.50 million. During the same period in the prior year, the business posted $0.80 earnings per share. Equities analysts anticipate that South Jersey Industries, Inc. will post $1.20 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, June 9th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.09 dividend on an annualized basis and a yield of 3.04%. South Jersey Industries’s dividend payout ratio (DPR) is 98.20%.
Several equities research analysts have recently weighed in on SJI shares. Zacks Investment Research downgraded shares of South Jersey Industries from a “hold” rating to a “sell” rating in a research note on Thursday, March 2nd. Hilliard Lyons raised shares of South Jersey Industries from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, March 15th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. South Jersey Industries has a consensus rating of “Hold” and an average target price of $37.00.
In other South Jersey Industries news, insider Gina Marie Merritt-Epps sold 2,000 shares of South Jersey Industries stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $35.55, for a total transaction of $71,100.00. Following the completion of the transaction, the insider now directly owns 3,622 shares of the company’s stock, valued at $128,762.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.60% of the company’s stock.
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).
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