South Jersey Industries, Inc. (NYSE:SJI) has earned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $38.00.

Several research firms recently commented on SJI. Williams Capital lowered shares of South Jersey Industries from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research note on Monday, September 18th. BidaskClub raised shares of South Jersey Industries from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Morgan Stanley increased their target price on shares of South Jersey Industries from $38.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Zacks Investment Research lowered shares of South Jersey Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Finally, J P Morgan Chase & Co increased their target price 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.

Large investors have recently modified their holdings of the stock. Aperio Group LLC lifted its position in South Jersey Industries by 5.5% in the 2nd quarter. Aperio Group LLC now owns 29,786 shares of the utilities provider’s stock worth $1,018,000 after buying an additional 1,564 shares in the last quarter. Russell Investments Group Ltd. lifted its position in South Jersey Industries by 0.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 174,216 shares of the utilities provider’s stock worth $5,952,000 after buying an additional 850 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in South Jersey Industries by 3.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,760 shares of the utilities provider’s stock worth $641,000 after buying an additional 700 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in South Jersey Industries by 3.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 116,242 shares of the utilities provider’s stock worth $3,971,000 after buying an additional 3,874 shares in the last quarter. Finally, Texas Permanent School Fund lifted its position in South Jersey Industries by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 58,026 shares of the utilities provider’s stock worth $1,983,000 after buying an additional 485 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

South Jersey Industries (NYSE:SJI) traded down $0.39 during mid-day trading on Thursday, reaching $33.29. 385,550 shares of the company traded hands, compared to its average volume of 335,321. South Jersey Industries has a fifty-two week low of $31.39 and a fifty-two week high of $38.40. The firm has a market capitalization of $2,690.35, a price-to-earnings ratio of 29.41, a PEG ratio of 3.81 and a beta of 0.71. 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 (NYSE:SJI) last released its earnings results on Thursday, November 2nd. The utilities provider reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). South Jersey Industries had a net margin of 3.13% and a return on equity of 7.16%. The business had revenue of $227.13 million for the quarter, compared to analyst estimates of $222.92 million. equities analysts forecast that South Jersey Industries will post 1.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Monday, December 11th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, December 8th. This is an increase from South Jersey Industries’s previous quarterly dividend of $0.27. South Jersey Industries’s dividend payout ratio is 227.09%.

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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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