South Jersey Industries Inc (SJI) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System boosted its stake in shares of South Jersey Industries Inc (NYSE:SJI) by 14.5% during the third quarter, HoldingsChannel.com reports. The firm owned 128,845 shares of the utilities provider’s stock after purchasing an additional 16,345 shares during the quarter. California Public Employees Retirement System’s holdings in South Jersey Industries were worth $4,449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Earnest Partners LLC lifted its position in South Jersey Industries by 1.5% during the third quarter. Earnest Partners LLC now owns 2,156,631 shares of the utilities provider’s stock valued at $74,468,000 after purchasing an additional 32,184 shares during the period. AMP Capital Investors Ltd lifted its position in South Jersey Industries by 12.3% during the third quarter. AMP Capital Investors Ltd now owns 21,876 shares of the utilities provider’s stock valued at $755,000 after purchasing an additional 2,400 shares during the period. Stifel Financial Corp lifted its position in South Jersey Industries by 5.7% during the third quarter. Stifel Financial Corp now owns 403,183 shares of the utilities provider’s stock valued at $13,926,000 after purchasing an additional 21,573 shares during the period. San Francisco Sentry Investment Group CA bought a new position in South Jersey Industries during the third quarter valued at approximately $110,000. Finally, Dimensional Fund Advisors LP lifted its position in South Jersey Industries by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,555,260 shares of the utilities provider’s stock valued at $53,704,000 after purchasing an additional 28,053 shares during the period. Institutional investors own 70.35% of the company’s stock.

Shares of South Jersey Industries Inc (SJI) opened at $30.11 on Wednesday. South Jersey Industries Inc has a twelve month low of $29.84 and a twelve month high of $38.40. The company has a market cap of $2,430.00, a P/E ratio of 62.73, a price-to-earnings-growth ratio of 2.13 and a beta of 0.71. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 0.97.

South Jersey Industries (NYSE:SJI) last announced its earnings results on Thursday, November 2nd. The utilities provider reported ($0.05) EPS for the quarter, missing the Zacks’ 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 business had revenue of $227.13 million for the quarter, compared to analysts’ expectations of $222.92 million. equities research analysts predict that South Jersey Industries Inc will post 1.17 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Monday, December 11th were issued a dividend of $0.28 per share. This is a boost from South Jersey Industries’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Friday, December 8th. South Jersey Industries’s dividend payout ratio is currently 233.33%.

SJI has been the topic of a number of research analyst reports. Williams Capital upgraded shares of South Jersey Industries from a “hold” rating to a “buy” rating and increased their price objective for the company from $36.00 to $37.00 in a research report on Tuesday, October 17th. Zacks Investment Research cut shares of South Jersey Industries from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. JPMorgan Chase & Co. upped their target price on shares of South Jersey Industries from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of South Jersey Industries in a report on Tuesday, October 17th. Finally, Morgan Stanley reduced their target price on shares of South Jersey Industries from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. South Jersey Industries presently has an average rating of “Hold” and an average price target of $35.83.

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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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