South Jersey Industries Inc (SJI) Given Consensus Rating of “Hold” by Brokerages

Shares of South Jersey Industries Inc (NYSE:SJI) have received an average recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $32.80.

A number of brokerages have issued reports on SJI. Morgan Stanley reduced their price objective on South Jersey Industries from $35.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on South Jersey Industries from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Hilliard Lyons downgraded South Jersey Industries from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. TheStreet downgraded South Jersey Industries from a “b-” rating to a “c+” rating in a research note on Wednesday, January 10th. Finally, Sidoti downgraded South Jersey Industries from a “buy” rating to a “neutral” rating and set a $34.00 price objective for the company. in a research note on Monday, January 8th.

A number of large investors have recently made changes to their positions in the business. WFG Advisors LP lifted its position in shares of South Jersey Industries by 8.0% during the 2nd quarter. WFG Advisors LP now owns 3,153 shares of the utilities provider’s stock valued at $108,000 after buying an additional 234 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new position in shares of South Jersey Industries during the 3rd quarter valued at $110,000. Public Employees Retirement System of Ohio lifted its position in shares of South Jersey Industries by 0.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,585 shares of the utilities provider’s stock valued at $122,000 after buying an additional 29 shares during the last quarter. NEXT Financial Group Inc purchased a new position in shares of South Jersey Industries during the 3rd quarter valued at $144,000. Finally, CIBC Asset Management Inc purchased a new position in shares of South Jersey Industries during the 4th quarter valued at $214,000. Hedge funds and other institutional investors own 69.52% of the company’s stock.

Shares of South Jersey Industries (SJI) traded down $0.68 during trading hours on Tuesday, reaching $26.70. The company’s stock had a trading volume of 141,824 shares, compared to its average volume of 491,165. The company has a market cap of $2,180.00, a P/E ratio of 55.67, a PEG ratio of 1.88 and a beta of 0.57. 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 has a 52-week low of $26.41 and a 52-week high of $38.40.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Monday, March 19th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $1.12 dividend on an annualized basis and a yield of 4.19%. South Jersey Industries’s dividend payout ratio (DPR) is presently 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).

Analyst Recommendations for South Jersey Industries (NYSE:SJI)

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