South Jersey Industries Inc (NYSE:SJI) has been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the firm. Seven research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $34.25.

Several brokerages have recently weighed in on SJI. Zacks Investment Research raised South Jersey Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, March 15th. Hilliard Lyons raised South Jersey Industries from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Wednesday, March 15th. Finally, Guggenheim downgraded South Jersey Industries from a “buy” rating to a “neutral” rating in a research note on Monday, January 9th.

South Jersey Industries (NYSE:SJI) traded up 0.11% during midday trading on Monday, reaching $37.40. 314,175 shares of the company’s stock were exchanged. South Jersey Industries has a 52 week low of $26.29 and a 52 week high of $38.06. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 24.04 and a beta of 0.66. The firm’s 50 day moving average is $35.47 and its 200 day moving average is $32.82.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 4th. Investors of record on Friday, March 17th were paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Wednesday, March 15th. South Jersey Industries’s dividend payout ratio is currently 62.64%.

In related news, insider Gina Marie Merritt-Epps sold 2,000 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $35.55, for a total value 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 approximately $128,762.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.74% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SJI. State of Alaska Department of Revenue increased its position in South Jersey Industries by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 8,810 shares of the utilities provider’s stock valued at $314,000 after buying an additional 210 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in South Jersey Industries by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 17,640 shares of the utilities provider’s stock valued at $521,000 after buying an additional 320 shares in the last quarter. Louisiana State Employees Retirement System increased its position in South Jersey Industries by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 32,400 shares of the utilities provider’s stock valued at $1,155,000 after buying an additional 500 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in South Jersey Industries by 1.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 63,139 shares of the utilities provider’s stock valued at $2,127,000 after buying an additional 859 shares in the last quarter. Finally, Crawford Investment Counsel Inc. increased its position in South Jersey Industries by 2.8% in the third quarter. Crawford Investment Counsel Inc. now owns 42,790 shares of the utilities provider’s stock valued at $1,264,000 after buying an additional 1,170 shares in the last quarter. 69.44% of the stock is owned by hedge funds and other institutional investors.

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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).

5 Day Chart for NYSE:SJI

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