South Jersey Industries (NYSE:SJI) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Wednesday.

A number of other brokerages have also issued reports on SJI. JPMorgan Chase & Co. upped their target price on South Jersey Industries from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Zacks Investment Research raised South Jersey Industries from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Williams Capital lowered South Jersey Industries from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research report on Monday, September 18th. Sidoti lowered South Jersey Industries from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research report on Monday, January 8th. Finally, Guggenheim reaffirmed a “hold” rating and issued a $32.00 target price on shares of South Jersey Industries in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. South Jersey Industries currently has a consensus rating of “Hold” and an average target price of $35.83.

South Jersey Industries (SJI) opened at $29.71 on Wednesday. South Jersey Industries has a 52-week low of $29.04 and a 52-week high of $38.40. The stock has a market capitalization of $2,363.40, a P/E ratio of 61.90, a price-to-earnings-growth ratio of 2.06 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 announced its earnings results on Thursday, November 2nd. The utilities provider reported ($0.05) earnings per share (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 during the quarter, compared to analyst estimates of $222.92 million. equities research analysts anticipate that South Jersey Industries will post 1.16 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the stock. Accurate Investment Solutions Inc. raised its position in shares of South Jersey Industries by 1.9% during the 4th quarter. Accurate Investment Solutions Inc. now owns 103,459 shares of the utilities provider’s stock valued at $3,231,000 after acquiring an additional 1,941 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of South Jersey Industries during the 3rd quarter valued at approximately $465,000. California Public Employees Retirement System raised its position in shares of South Jersey Industries by 14.5% during the 3rd quarter. California Public Employees Retirement System now owns 128,845 shares of the utilities provider’s stock valued at $4,449,000 after acquiring an additional 16,345 shares in the last quarter. Earnest Partners LLC raised its position in shares of South Jersey Industries by 1.5% during the 3rd quarter. Earnest Partners LLC now owns 2,156,631 shares of the utilities provider’s stock valued at $74,468,000 after acquiring an additional 32,184 shares in the last quarter. Finally, AMP Capital Investors Ltd raised its position in shares of South Jersey Industries by 12.3% during the 3rd quarter. AMP Capital Investors Ltd now owns 21,876 shares of the utilities provider’s stock valued at $755,000 after acquiring an additional 2,400 shares in the last quarter. 70.35% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “South Jersey Industries (SJI) Cut to “C+” at TheStreet” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2018/01/14/south-jersey-industries-sji-cut-to-c-at-thestreet.html.

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)

Receive News & Ratings for South Jersey Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South Jersey Industries and related companies with MarketBeat.com's FREE daily email newsletter.