Earnest Partners LLC Buys 32,184 Shares of South Jersey Industries, Inc. (SJI)

Earnest Partners LLC boosted its stake in shares of South Jersey Industries, Inc. (NYSE:SJI) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,156,631 shares of the utilities provider’s stock after acquiring an additional 32,184 shares during the quarter. Earnest Partners LLC owned about 2.71% of South Jersey Industries worth $74,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SJI. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in South Jersey Industries by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,025 shares of the utilities provider’s stock worth $103,000 after acquiring an additional 262 shares during the period. First Mercantile Trust Co. lifted its position in South Jersey Industries by 2.0% during the 2nd quarter. First Mercantile Trust Co. now owns 3,060 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 60 shares during the period. WFG Advisors LP lifted its position in South Jersey Industries by 8.0% during the 2nd quarter. WFG Advisors LP now owns 3,153 shares of the utilities provider’s stock worth $108,000 after acquiring an additional 234 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in South Jersey Industries during the 3rd quarter worth approximately $110,000. Finally, Public Employees Retirement System of Ohio lifted its position in South Jersey Industries by 0.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,585 shares of the utilities provider’s stock worth $122,000 after acquiring an additional 29 shares during the period. 70.38% of the stock is owned by institutional investors.

South Jersey Industries, Inc. (SJI) traded down $0.12 on Friday, hitting $32.99. The stock had a trading volume of 169,483 shares, compared to its average volume of 252,055. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 0.97. The firm has a market cap of $2,624.32, a PE ratio of 28.69, a P/E/G ratio of 3.72 and a beta of 0.71. South Jersey Industries, Inc. has a 1-year low of $31.39 and a 1-year high of $38.40.

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). The business had revenue of $227.13 million during the quarter, compared to analyst estimates of $222.92 million. South Jersey Industries had a net margin of 3.13% and a return on equity of 7.16%. sell-side analysts expect that South Jersey Industries, Inc. will post 1.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Monday, December 11th will be issued a $0.28 dividend. This is a boost from South Jersey Industries’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, December 8th. South Jersey Industries’s dividend payout ratio (DPR) is currently 227.09%.

A number of analysts have weighed in on SJI shares. Morgan Stanley increased their price objective on South Jersey Industries from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Williams Capital raised South Jersey Industries from a “hold” rating to a “buy” rating and increased their price objective for the stock from $36.00 to $37.00 in a research report on Tuesday, October 17th. Zacks Investment Research cut South Jersey Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. J P Morgan Chase & Co increased their price objective on South Jersey Industries from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating on shares of South Jersey Industries in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $38.00.

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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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