GSA Capital Partners LLP trimmed its holdings in shares of South Jersey Industries Inc (NYSE:SJI) by 82.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,172 shares of the utilities provider’s stock after selling 32,627 shares during the period. GSA Capital Partners LLP’s holdings in South Jersey Industries were worth $248,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of South Jersey Industries by 9.5% in 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. WFG Advisors LP grew its holdings in shares of South Jersey Industries by 8.0% in 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 shares of South Jersey Industries in the 3rd quarter worth approximately $110,000. Public Employees Retirement System of Ohio grew its holdings in shares of South Jersey Industries by 0.8% in 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. Finally, Captrust Financial Advisors acquired a new stake in shares of South Jersey Industries in the 2nd quarter worth approximately $129,000. 70.35% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on the company. Sidoti cut South Jersey Industries from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a report on Monday. Guggenheim restated a “hold” rating and issued a $32.00 price target on shares of South Jersey Industries in a report on Wednesday, January 3rd. Morgan Stanley lowered their price target on 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 cut South Jersey Industries from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Finally, Williams Capital cut 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.83.
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 analysts’ consensus estimates of ($0.01) by ($0.04). The company had revenue of $227.13 million for 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 research analysts forecast that South Jersey Industries Inc will post 1.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Monday, December 11th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, December 8th. This is a positive change from South Jersey Industries’s previous quarterly dividend of $0.27. South Jersey Industries’s dividend payout ratio is currently 233.33%.
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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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