South Jersey Industries (SJI) Reaches New 12-Month Low at $30.84

South Jersey Industries Inc (NYSE:SJI)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $30.84 and last traded at $31.13, with a volume of 329600 shares. The stock had previously closed at $31.03.

A number of brokerages have recently commented on SJI. Morgan Stanley cut their price target on shares of South Jersey Industries from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 13th. Zacks Investment Research lowered shares of South Jersey Industries from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Williams Capital lowered shares of South Jersey Industries from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a report on Monday, September 18th. Janney Montgomery Scott reiterated a “buy” rating on shares of South Jersey Industries in a report on Tuesday, October 17th. Finally, J P Morgan Chase & Co lifted their price target on shares of South Jersey Industries from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. South Jersey Industries currently has a consensus rating of “Hold” and an average target price of $37.25.

The stock has a market capitalization of $2,476.36, a price-to-earnings ratio of 64.58, a P/E/G ratio of 2.66 and a beta of 0.71. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.47 and a quick ratio of 0.38.

South Jersey Industries (NYSE:SJI) last released its earnings results on Thursday, November 2nd. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm 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%. equities analysts expect that South Jersey Industries Inc will post 1.17 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Monday, December 11th will be issued a $0.28 dividend. This is a positive change from South Jersey Industries’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, December 8th. This represents a $1.12 annualized dividend and a yield of 3.61%. South Jersey Industries’s payout ratio is presently 233.34%.

A number of hedge funds have recently added to or reduced their stakes in SJI. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in South Jersey Industries by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,025 shares of the utilities provider’s stock valued at $103,000 after buying an additional 262 shares during the period. First Mercantile Trust Co. lifted its holdings in South Jersey Industries by 2.0% in the second quarter. First Mercantile Trust Co. now owns 3,060 shares of the utilities provider’s stock valued at $105,000 after buying an additional 60 shares during the period. WFG Advisors LP lifted its holdings in South Jersey Industries by 8.0% in the second quarter. WFG Advisors LP now owns 3,153 shares of the utilities provider’s stock valued at $108,000 after buying an additional 234 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in South Jersey Industries in the third quarter valued at $110,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in South Jersey Industries by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 3,585 shares of the utilities provider’s stock valued at $122,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds own 70.35% 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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