Advantus Capital Management Inc boosted its position in shares of South Jersey Industries, Inc. (NYSE:SJI) by 35.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,886 shares of the utilities provider’s stock after purchasing an additional 21,500 shares during the period. Advantus Capital Management Inc owned 102,936.52% of South Jersey Industries worth $2,828,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SJI. Victory Capital Management Inc. grew its position in South Jersey Industries by 49.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,059,927 shares of the utilities provider’s stock worth $36,599,000 after purchasing an additional 351,628 shares in the last quarter. Macquarie Group Ltd. grew its position in South Jersey Industries by 41.5% during the 2nd quarter. Macquarie Group Ltd. now owns 974,820 shares of the utilities provider’s stock worth $33,310,000 after purchasing an additional 286,007 shares in the last quarter. Northern Trust Corp grew its position in South Jersey Industries by 8.7% during the 2nd quarter. Northern Trust Corp now owns 1,665,298 shares of the utilities provider’s stock worth $56,904,000 after purchasing an additional 133,720 shares in the last quarter. Phocas Financial Corp. grew its position in South Jersey Industries by 80.8% during the 2nd quarter. Phocas Financial Corp. now owns 272,684 shares of the utilities provider’s stock worth $9,318,000 after purchasing an additional 121,858 shares in the last quarter. Finally, State Street Corp grew its position in South Jersey Industries by 6.3% during the 1st quarter. State Street Corp now owns 1,956,777 shares of the utilities provider’s stock worth $69,759,000 after purchasing an additional 115,667 shares in the last quarter. Hedge funds and other institutional investors own 69.91% of the company’s stock.

South Jersey Industries, Inc. (NYSE SJI) opened at $31.54 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.41 and a current ratio of 0.47. South Jersey Industries, Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $38.40. The company has a market cap of $2,533.24, a price-to-earnings ratio of 27.69, a PEG ratio of 3.59 and a beta of 0.72.

South Jersey Industries (NYSE:SJI) last posted its quarterly earnings results 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 net margin of 3.13% and a return on equity of 7.16%. The company had revenue of $227.13 million for the quarter, compared to analysts’ expectations of $222.92 million. sell-side analysts predict that South Jersey Industries, Inc. will post 1.18 earnings per share for the current year.

Several research firms have weighed in on SJI. Janney Montgomery Scott reiterated a “buy” rating on shares of South Jersey Industries in a research report on Tuesday, October 17th. BidaskClub upgraded shares of South Jersey Industries from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Morgan Stanley lifted their price objective on shares of 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. Williams Capital upgraded shares of South Jersey Industries from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $34.00 to $36.00 in a research report on Monday, July 17th. Finally, Zacks Investment Research cut shares of South Jersey Industries from a “hold” rating to a “sell” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. South Jersey Industries presently has an average rating of “Hold” and an average price target 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).

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Institutional Ownership by Quarter for South Jersey Industries (NYSE:SJI)

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