South Jersey Industries, Inc. (NYSE:SJI) had its price target boosted by stock analysts at J P Morgan Chase & Co from $32.00 to $35.00 in a note issued to investors on Thursday. The brokerage presently has a “neutral” rating on the utilities provider’s stock. J P Morgan Chase & Co’s target price would indicate a potential downside of 1.93% from the stock’s previous close.

SJI has been the topic of several other research reports. Zacks Investment Research lowered South Jersey Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. BidaskClub lowered South Jersey Industries from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Janney Montgomery Scott upgraded South Jersey Industries from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. They noted that the move was a valuation call. Morgan Stanley lifted their target price on South Jersey Industries from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Finally, Williams Capital upgraded South Jersey Industries from a “hold” rating to a “buy” rating and lifted their target price for the company from $34.00 to $36.00 in a research note on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. South Jersey Industries presently has an average rating of “Hold” and a consensus price target of $37.75.

Shares of South Jersey Industries (NYSE:SJI) traded up 0.70% during mid-day trading on Thursday, reaching $35.94. 21,352 shares of the company traded hands. The stock has a market capitalization of $2.85 billion, a PE ratio of 33.37 and a beta of 0.75. South Jersey Industries has a 52 week low of $27.80 and a 52 week high of $38.40. The firm has a 50 day moving average of $35.31 and a 200-day moving average of $35.49.

South Jersey Industries (NYSE:SJI) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. South Jersey Industries had a return on equity of 7.71% and a net margin of 7.02%. The company had revenue of $244.37 million for the quarter, compared to analyst estimates of $179.63 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. On average, equities research analysts expect that South Jersey Industries will post $1.19 EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. Phocas Financial Corp. grew its stake in shares of South Jersey Industries by 80.8% during the second quarter. Phocas Financial Corp. now owns 272,684 shares of the utilities provider’s stock worth $9,318,000 after acquiring an additional 121,858 shares during the last quarter. WFG Advisors LP grew its stake in shares of South Jersey Industries by 8.0% during the second 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 last quarter. Public Employees Retirement System of Ohio grew its stake in shares of South Jersey Industries by 0.8% during the second 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 last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of South Jersey Industries during the second quarter worth about $587,000. Finally, Robecosam AG grew its stake in shares of South Jersey Industries by 3.8% during the second quarter. Robecosam AG now owns 135,000 shares of the utilities provider’s stock worth $4,625,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

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).

Analyst Recommendations for South Jersey Industries (NYSE:SJI)

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