State of Alaska Department of Revenue Buys 14,150 Shares of South Jersey Industries, Inc. (NYSE:SJI)

State of Alaska Department of Revenue lifted its holdings in shares of South Jersey Industries, Inc. (NYSE:SJIGet Rating) by 18.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,598 shares of the utilities provider’s stock after acquiring an additional 14,150 shares during the period. State of Alaska Department of Revenue’s holdings in South Jersey Industries were worth $3,161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Louisiana State Employees Retirement System increased its position in shares of South Jersey Industries by 0.6% during the first quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the utilities provider’s stock worth $1,890,000 after acquiring an additional 300 shares in the last quarter. Signaturefd LLC increased its position in shares of South Jersey Industries by 49.3% during the first quarter. Signaturefd LLC now owns 1,302 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 430 shares in the last quarter. Bank of Montreal Can increased its position in shares of South Jersey Industries by 1.5% during the first quarter. Bank of Montreal Can now owns 30,202 shares of the utilities provider’s stock worth $1,041,000 after acquiring an additional 437 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of South Jersey Industries by 0.5% during the first quarter. Yousif Capital Management LLC now owns 102,642 shares of the utilities provider’s stock worth $3,546,000 after acquiring an additional 493 shares in the last quarter. Finally, AE Wealth Management LLC increased its position in shares of South Jersey Industries by 6.0% during the first quarter. AE Wealth Management LLC now owns 8,748 shares of the utilities provider’s stock worth $302,000 after acquiring an additional 495 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

South Jersey Industries Trading Up 0.0 %

Shares of SJI stock opened at $34.14 on Friday. South Jersey Industries, Inc. has a 52-week low of $20.75 and a 52-week high of $35.32. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.57 and a current ratio of 0.63. The company has a 50-day simple moving average of $34.20 and a two-hundred day simple moving average of $34.23. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 19.79 and a beta of 0.64.

South Jersey Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, September 8th.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of South Jersey Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.00.

South Jersey Industries Profile

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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.

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Institutional Ownership by Quarter for South Jersey Industries (NYSE:SJI)

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