South Jersey Industries (NYSE:SJI) had its target price lowered by equities researchers at Morgan Stanley from $40.00 to $37.00 in a research note issued to investors on Wednesday. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 15.01% from the company’s current price.
Other analysts have also issued research reports about the stock. Williams Capital upgraded shares of South Jersey Industries from a “hold” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $37.00 in a research note on Tuesday, October 17th. Janney Montgomery Scott reiterated a “buy” rating on shares of South Jersey Industries in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of South Jersey Industries from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. J P Morgan Chase & Co lifted their price objective on shares of South Jersey Industries from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Finally, BidaskClub lowered shares of South Jersey Industries from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.25.
South Jersey Industries (NYSE:SJI) traded up $0.03 during trading on Wednesday, reaching $32.17. 217,182 shares of the company’s stock traded hands, compared to its average volume of 333,014. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 0.97. South Jersey Industries has a 52-week low of $31.39 and a 52-week high of $38.40. The company has a market cap of $2,624.32, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 3.75 and a beta of 0.71.
A number of hedge funds and other institutional investors have recently bought and sold shares of SJI. Zurcher Kantonalbank Zurich Cantonalbank grew its position in 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 valued at $103,000 after purchasing an additional 262 shares during the period. First Mercantile Trust Co. grew its position in South Jersey Industries by 2.0% in the 2nd quarter. First Mercantile Trust Co. now owns 3,060 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 60 shares during the period. WFG Advisors LP grew its position in South Jersey Industries by 8.0% in the 2nd quarter. WFG Advisors LP now owns 3,153 shares of the utilities provider’s stock valued at $108,000 after purchasing an additional 234 shares during the period. San Francisco Sentry Investment Group CA purchased a new position in South Jersey Industries during the 3rd quarter worth $110,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in 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 worth $122,000 after acquiring an additional 29 shares during the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.
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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).
