Pictet Asset Management SA Has $260,000 Stake in South Jersey Industries, Inc. (NYSE:SJI)

Pictet Asset Management SA decreased its position in South Jersey Industries, Inc. (NYSE:SJIGet Rating) by 10.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,621 shares of the utilities provider’s stock after selling 878 shares during the quarter. Pictet Asset Management SA’s holdings in South Jersey Industries were worth $260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new position in shares of South Jersey Industries in the second quarter valued at approximately $25,000. San Luis Wealth Advisors LLC acquired a new stake in South Jersey Industries during the first quarter worth approximately $26,000. Signaturefd LLC grew its position in 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 buying an additional 430 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in South Jersey Industries during the first quarter worth approximately $63,000. Finally, EverSource Wealth Advisors LLC grew its position in South Jersey Industries by 456.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,260 shares of the utilities provider’s stock worth $78,000 after buying an additional 1,854 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded South Jersey Industries from a “hold” rating to a “sell” rating in a research report on Thursday, October 27th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.00.

South Jersey Industries Trading Up 0.2 %

Shares of NYSE:SJI opened at $35.13 on Thursday. The company has a market capitalization of $4.30 billion, a P/E ratio of 20.13 and a beta of 0.60. South Jersey Industries, Inc. has a 1 year low of $23.14 and a 1 year high of $35.32. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.70 and a quick ratio of 0.59. The business’s 50 day simple moving average is $34.08 and its 200 day simple moving average is $34.13.

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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