Earnest Partners LLC Boosts Holdings in South Jersey Industries, Inc. (SJI)

Earnest Partners LLC boosted its position in shares of South Jersey Industries, Inc. (NYSE:SJI) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,124,447 shares of the utilities provider’s stock after buying an additional 26,429 shares during the quarter. Earnest Partners LLC owned approximately 2.68% of South Jersey Industries worth $72,592,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SJI. BlackRock Inc. lifted its holdings in South Jersey Industries by 46,816.5% during the 1st quarter. BlackRock Inc. now owns 9,843,088 shares of the utilities provider’s stock worth $350,905,000 after buying an additional 9,822,108 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in South Jersey Industries by 54.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,311,983 shares of the utilities provider’s stock worth $82,422,000 after buying an additional 812,762 shares in the last quarter. Vanguard Group Inc. lifted its holdings in South Jersey Industries by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 7,609,432 shares of the utilities provider’s stock worth $271,277,000 after buying an additional 474,868 shares in the last quarter. Macquarie Group Ltd. lifted its holdings 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 buying an additional 286,007 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in South Jersey Industries by 2,451.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 154,282 shares of the utilities provider’s stock worth $5,480,000 after buying an additional 148,236 shares in the last quarter. 69.48% of the stock is currently owned by hedge funds and other institutional investors.

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South Jersey Industries, Inc. (NYSE:SJI) remained flat at $35.34 on Friday. The company’s stock had a trading volume of 151,992 shares. The company’s 50 day moving average is $35.26 and its 200 day moving average is $35.47. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 32.81 and a beta of 0.75. South Jersey Industries, Inc. has a 52-week low of $27.51 and a 52-week high of $38.40.

South Jersey Industries (NYSE:SJI) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $244.37 million for the quarter, compared to analyst estimates of $179.63 million. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.71%. During the same quarter in the previous year, the business earned $0.12 earnings per share. Analysts predict that South Jersey Industries, Inc. will post $1.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Monday, September 11th were issued a dividend of $0.273 per share. The ex-dividend date of this dividend was Friday, September 8th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.09%. South Jersey Industries’s dividend payout ratio (DPR) is presently 101.87%.

SJI has been the topic of several research reports. Janney Montgomery Scott raised South Jersey Industries from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. They noted that the move was a valuation call. Williams Capital raised South Jersey Industries from a “hold” rating to a “buy” rating and upped their price objective for the stock from $34.00 to $36.00 in a report on Monday, July 17th. Morgan Stanley upped their price objective on South Jersey Industries from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Zacks Investment Research raised South Jersey Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, BidaskClub raised South Jersey Industries from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $38.67.

South Jersey Industries 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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