South Jersey Industries, Inc. (NYSE:SJI) Receives Average Rating of “Hold” from Brokerages

South Jersey Industries, Inc. (NYSE:SJIGet Rating) has been assigned a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation. The average 1-year price target among brokers that have issued a report on the stock in the last year is $24.67.

Separately, StockNews.com raised shares of South Jersey Industries from a “sell” rating to a “hold” rating in a research note on Tuesday.

Institutional Trading of South Jersey Industries

A number of hedge funds have recently added to or reduced their stakes in the business. Latitude Advisors LLC raised its holdings in South Jersey Industries by 50.0% in the first quarter. Latitude Advisors LLC now owns 18,000 shares of the utilities provider’s stock worth $622,000 after purchasing an additional 6,000 shares in the last quarter. GAM Holding AG acquired a new position in shares of South Jersey Industries during the first quarter valued at about $1,175,000. Berry Street Capital Management LLP acquired a new position in shares of South Jersey Industries during the first quarter valued at about $10,365,000. Prelude Capital Management LLC acquired a new position in shares of South Jersey Industries during the first quarter valued at about $6,672,000. Finally, Crabel Capital Management LLC acquired a new position in shares of South Jersey Industries during the first quarter valued at about $4,202,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

South Jersey Industries Stock Down 0.6 %

NYSE SJI opened at $33.93 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.49. The company has a fifty day moving average of $34.17 and a two-hundred day moving average of $34.25. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 19.95 and a beta of 0.64. South Jersey Industries has a 52 week low of $20.75 and a 52 week high of $35.32.

South Jersey Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Thursday, September 8th.

About South Jersey Industries

(Get Rating)

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 purchased directly from producers or suppliers to customers.

Further Reading

Analyst Recommendations for South Jersey Industries (NYSE:SJI)

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