South Jersey Industries (SJI) Given News Sentiment Rating of 0.31
Media coverage about South Jersey Industries (NYSE:SJI) has been trending positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. South Jersey Industries earned a news sentiment score of 0.31 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- South Jersey Industries, Inc. (SJI) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- ETFs with exposure to South Jersey Industries, Inc. : June 22, 2017 (finance.yahoo.com)
- South Jersey Industries, Inc. :SJI-US: Earnings Analysis: Q1, 2017 By the Numbers : June 21, 2017 (finance.yahoo.com)
- I Sold My South Jersey Industries (seekingalpha.com)
- South Jersey Industries, Inc. breached its 50 day moving average in a Bearish Manner : SJI-US : June 19, 2017 (finance.yahoo.com)
A number of research firms have recently weighed in on SJI. BidaskClub lowered shares of South Jersey Industries from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research upgraded shares of South Jersey Industries from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Tuesday, May 2nd. Finally, Hilliard Lyons upgraded shares of South Jersey Industries from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, March 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. South Jersey Industries presently has an average rating of “Hold” and an average price target of $37.00.
South Jersey Industries (NYSE SJI) traded up 0.06% during mid-day trading on Friday, reaching $34.62. 386,983 shares of the company traded hands. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 30.72 and a beta of 0.78. South Jersey Industries has a 52 week low of $27.51 and a 52 week high of $38.40. The stock’s 50 day moving average price is $36.10 and its 200 day moving average price is $34.82.
South Jersey Industries (NYSE:SJI) last posted its quarterly earnings results on Tuesday, May 9th. The utilities provider reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.09. South Jersey Industries had a return on equity of 8.04% and a net margin of 7.83%. The company had revenue of $425.83 million for the quarter, compared to analyst estimates of $329.50 million. During the same period last year, the company earned $0.80 earnings per share. Equities analysts forecast that South Jersey Industries will post $1.21 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Friday, June 9th will be paid a dividend of $0.2725 per share. The ex-dividend date is Wednesday, June 7th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.15%. South Jersey Industries’s dividend payout ratio (DPR) is presently 98.20%.
In other news, insider Gina Marie Merritt-Epps sold 2,000 shares of the company’s 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 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 is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.
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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).
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