South Jersey Industries (NYSE:SJI) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a report released on Wednesday.

Several other brokerages have also recently issued reports on SJI. Williams Capital cut South Jersey Industries from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a research report on Monday, September 18th. Zacks Investment Research cut South Jersey Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. JPMorgan Chase & Co. boosted their price target on South Jersey Industries from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Morgan Stanley dropped their price target on South Jersey Industries from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 13th. Finally, Janney Montgomery Scott restated a “buy” rating on shares of South Jersey Industries in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $35.83.

South Jersey Industries (SJI) opened at $29.65 on Wednesday. The stock has a market capitalization of $2,320.00, a PE ratio of 61.77, a P/E/G ratio of 2.13 and a beta of 0.71. South Jersey Industries has a 52-week low of $29.04 and a 52-week high of $38.40. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.47 and a quick ratio of 0.38.

South Jersey Industries (NYSE:SJI) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.04). The company had revenue of $227.13 million during the quarter, compared to analyst estimates of $222.92 million. South Jersey Industries had a net margin of 3.13% and a return on equity of 7.16%. equities analysts expect that South Jersey Industries will post 1.17 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Accurate Investment Solutions Inc. boosted its holdings in South Jersey Industries by 1.9% in the 4th quarter. Accurate Investment Solutions Inc. now owns 103,459 shares of the utilities provider’s stock valued at $3,231,000 after purchasing an additional 1,941 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in South Jersey Industries in the 3rd quarter valued at approximately $465,000. California Public Employees Retirement System boosted its holdings in South Jersey Industries by 14.5% in the 3rd quarter. California Public Employees Retirement System now owns 128,845 shares of the utilities provider’s stock valued at $4,449,000 after purchasing an additional 16,345 shares in the last quarter. Earnest Partners LLC boosted its holdings in South Jersey Industries by 1.5% in the 3rd quarter. Earnest Partners LLC now owns 2,156,631 shares of the utilities provider’s stock valued at $74,468,000 after purchasing an additional 32,184 shares in the last quarter. Finally, AMP Capital Investors Ltd boosted its holdings in South Jersey Industries by 12.3% in the 3rd quarter. AMP Capital Investors Ltd now owns 21,876 shares of the utilities provider’s stock valued at $755,000 after purchasing an additional 2,400 shares in the last quarter. 70.35% of the stock is currently owned by institutional investors.

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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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