South Jersey Industries Inc (NYSE:SJI) Shares Bought by Citigroup Inc.

Citigroup Inc. lifted its position in shares of South Jersey Industries Inc (NYSE:SJI) by 110.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,877 shares of the utilities provider’s stock after buying an additional 5,706 shares during the period. Citigroup Inc.’s holdings in South Jersey Industries were worth $302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in SJI. Advisor Group Inc. grew its position in South Jersey Industries by 25.2% in the fourth quarter. Advisor Group Inc. now owns 26,059 shares of the utilities provider’s stock worth $726,000 after acquiring an additional 5,251 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in South Jersey Industries by 1.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 64,680 shares of the utilities provider’s stock worth $1,798,000 after acquiring an additional 954 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of South Jersey Industries by 7.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 37,840 shares of the utilities provider’s stock worth $1,051,000 after buying an additional 2,470 shares during the period. Raymond James & Associates boosted its holdings in shares of South Jersey Industries by 18.7% during the 4th quarter. Raymond James & Associates now owns 118,456 shares of the utilities provider’s stock worth $3,293,000 after buying an additional 18,680 shares during the period. Finally, Texas Permanent School Fund boosted its holdings in shares of South Jersey Industries by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 55,954 shares of the utilities provider’s stock worth $1,556,000 after buying an additional 2,153 shares during the period. 78.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of SJI stock traded down $0.23 during mid-day trading on Friday, reaching $31.38. The company’s stock had a trading volume of 321,931 shares, compared to its average volume of 550,751. South Jersey Industries Inc has a 1-year low of $26.06 and a 1-year high of $36.72. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 4.05 and a beta of 0.77. 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 quarterly earnings data on Wednesday, February 27th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.12). South Jersey Industries had a net margin of 1.08% and a return on equity of 10.13%. The business had revenue of $521.95 million during the quarter, compared to analyst estimates of $442.00 million. On average, sell-side analysts predict that South Jersey Industries Inc will post 1.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 18th were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Friday, March 15th. South Jersey Industries’s dividend payout ratio is currently 83.33%.

Several analysts recently issued reports on SJI shares. ValuEngine raised shares of South Jersey Industries from a “hold” rating to a “buy” rating in a report on Tuesday, January 22nd. Zacks Investment Research raised shares of South Jersey Industries from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Thursday, January 3rd. Finally, Maxim Group assumed coverage on shares of South Jersey Industries in a report on Tuesday, April 16th. They set a “buy” rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. South Jersey Industries has an average rating of “Hold” and a consensus price target of $34.71.

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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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