South Jersey Industries, Inc. (NYSE:SJI – Get 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 %
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
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.
- Get a free copy of the StockNews.com research report on South Jersey Industries (SJI)
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