5,066 Shares in South Jersey Industries Inc (NYSE:SJI) Bought by NEXT Financial Group Inc

NEXT Financial Group Inc acquired a new position in South Jersey Industries Inc (NYSE:SJI) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 5,066 shares of the utilities provider’s stock, valued at approximately $171,000.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in shares of South Jersey Industries by 221.7% in the first quarter. Versant Capital Management Inc now owns 1,155 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 796 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new position in South Jersey Industries during the first quarter worth approximately $61,000. Quadrant Capital Group LLC lifted its position in South Jersey Industries by 720.2% during the first quarter. Quadrant Capital Group LLC now owns 2,116 shares of the utilities provider’s stock worth $62,000 after buying an additional 1,858 shares in the last quarter. CWM Advisors LLC purchased a new position in South Jersey Industries during the second quarter worth approximately $211,000. Finally, Oppenheimer & Co. Inc. purchased a new position in South Jersey Industries during the first quarter worth approximately $213,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

NYSE:SJI opened at $31.83 on Tuesday. South Jersey Industries Inc has a 52 week low of $26.06 and a 52 week high of $36.72. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.43 and a quick ratio of 0.41. The stock has a market capitalization of $3.13 billion, a P/E ratio of 23.07, a P/E/G ratio of 4.41 and a beta of 0.71. The company has a fifty day simple moving average of $33.60.

South Jersey Industries (NYSE:SJI) last posted its earnings results on Wednesday, May 8th. The utilities provider reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.14. South Jersey Industries had a return on equity of 8.66% and a net margin of 3.40%. The company had revenue of $637.30 million for the quarter, compared to the consensus estimate of $571.00 million. Equities analysts expect that South Jersey Industries Inc will post 1.1 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.287 per share. This represents a $1.15 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Monday, September 9th. South Jersey Industries’s payout ratio is 83.33%.

A number of equities analysts recently commented on SJI shares. Zacks Investment Research downgraded South Jersey Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. ValuEngine upgraded South Jersey Industries from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. TheStreet upgraded South Jersey Industries from a “c+” rating to a “b-” rating in a research report on Tuesday, July 9th. Morgan Stanley set a $31.00 target price on South Jersey Industries and gave the company a “hold” rating in a research report on Thursday, May 16th. Finally, JPMorgan Chase & Co. downgraded South Jersey Industries from an “overweight” rating to a “neutral” rating and set a $32.00 target price on the stock. in a research report on Monday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. South Jersey Industries has a consensus rating of “Buy” and an average target price of $34.57.

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, 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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