South Jersey Industries, Inc. (NYSE:SJI) – Analysts at US Capital Advisors issued their Q3 2017 earnings per share estimates for shares of South Jersey Industries in a research report issued on Wednesday. US Capital Advisors analyst D. Fidell expects that the utilities provider will earn $0.00 per share for the quarter.

Other analysts also recently issued research reports about the stock. Williams Capital upgraded shares of South Jersey Industries from a “hold” rating to a “buy” rating and raised their price objective for the stock from $36.00 to $37.00 in a report on Tuesday, October 17th. Janney Montgomery Scott restated a “buy” rating on shares of South Jersey Industries in a report on Tuesday, October 17th. Morgan Stanley raised their price objective on shares of South Jersey Industries from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Zacks Investment Research upgraded shares of South Jersey Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, J P Morgan Chase & Co raised their price objective 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $38.00.

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Shares of South Jersey Industries (NYSE:SJI) opened at 33.97 on Monday. The company’s 50 day moving average is $34.65 and its 200 day moving average is $35.26. South Jersey Industries has a one year low of $28.04 and a one year high of $38.40. The company has a market cap of $2.70 billion, a P/E ratio of 31.54 and a beta of 0.75.

South Jersey Industries (NYSE:SJI) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $244.37 million during the quarter, compared to the consensus estimate of $179.63 million. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.71%. During the same quarter in the previous year, the firm posted $0.12 EPS.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Monday, September 11th were paid a $0.273 dividend. The ex-dividend date was Friday, September 8th. This represents a $1.09 annualized dividend and a dividend yield of 3.21%. South Jersey Industries’s payout ratio is 101.87%.

Several institutional investors and hedge funds have recently bought and sold shares of SJI. UBS Asset Management Americas Inc. increased its stake in shares of South Jersey Industries by 118.9% in the first quarter. UBS Asset Management Americas Inc. now owns 62,058 shares of the utilities provider’s stock worth $2,212,000 after purchasing an additional 33,712 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of South Jersey Industries by 8.6% in the first quarter. Alliancebernstein L.P. now owns 122,508 shares of the utilities provider’s stock worth $4,367,000 after purchasing an additional 9,700 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of South Jersey Industries by 34.8% in the first quarter. OppenheimerFunds Inc. now owns 23,974 shares of the utilities provider’s stock worth $855,000 after purchasing an additional 6,185 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of South Jersey Industries by 2.2% in the first quarter. Teachers Advisors LLC now owns 177,421 shares of the utilities provider’s stock worth $6,325,000 after purchasing an additional 3,873 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of South Jersey Industries by 6.7% in the first quarter. Vanguard Group Inc. now owns 7,609,432 shares of the utilities provider’s stock worth $271,277,000 after purchasing an additional 474,868 shares in the last quarter. Hedge funds and other institutional investors own 69.48% of the company’s stock.

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).

Earnings History and Estimates for South Jersey Industries (NYSE:SJI)

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