Raymond James Financial Services Advisors Inc. Raises Holdings in South Jersey Industries Inc (SJI)

Raymond James Financial Services Advisors Inc. raised its position in shares of South Jersey Industries Inc (NYSE:SJI) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,680 shares of the utilities provider’s stock after purchasing an additional 954 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.08% of South Jersey Industries worth $1,798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in South Jersey Industries by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,476,797 shares of the utilities provider’s stock worth $49,428,000 after purchasing an additional 53,211 shares in the last quarter. American Century Companies Inc. boosted its position in South Jersey Industries by 2.8% in the 3rd quarter. American Century Companies Inc. now owns 124,142 shares of the utilities provider’s stock worth $4,378,000 after purchasing an additional 3,340 shares in the last quarter. JPMorgan Chase & Co. boosted its position in South Jersey Industries by 104.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 74,357 shares of the utilities provider’s stock worth $2,623,000 after purchasing an additional 37,993 shares in the last quarter. Swiss National Bank boosted its position in South Jersey Industries by 7.7% in the 3rd quarter. Swiss National Bank now owns 149,109 shares of the utilities provider’s stock worth $5,259,000 after purchasing an additional 10,600 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in South Jersey Industries by 12.9% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,413 shares of the utilities provider’s stock worth $720,000 after purchasing an additional 2,327 shares in the last quarter. 84.94% of the stock is owned by hedge funds and other institutional investors.

Several research firms have commented on SJI. ValuEngine upgraded South Jersey Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Zacks Investment Research upgraded South Jersey Industries from a “strong sell” rating to a “hold” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.83.

Shares of NYSE:SJI opened at $30.67 on Friday. South Jersey Industries Inc has a 1 year low of $26.06 and a 1 year high of $36.72. The company has a market cap of $2.83 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 4.72 and a beta of 0.76. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.38 and a current ratio of 0.42.

South Jersey Industries (NYSE:SJI) last announced its earnings results on Wednesday, February 27th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). South Jersey Industries had a net margin of 1.08% and a return on equity of 10.13%. Sell-side analysts expect that South Jersey Industries Inc will post 1.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Monday, March 18th will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Friday, March 15th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.75%. South Jersey Industries’s dividend payout ratio (DPR) is 93.50%.

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South Jersey Industries Profile

South Jersey Industries, Inc, through its subsidiaries, provides energy-related products and services. The company engages in the purchase, transmission, and sale of natural gas. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial customers on the interstate pipeline system, as well as transports natural gas, which is purchased directly from producers or suppliers to their customers.

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Institutional Ownership by Quarter for South Jersey Industries (NYSE:SJI)

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