Raymond James Financial Services Advisors Inc. Purchases 743 Shares of South Jersey Industries, Inc. (NYSE:SJI)

Raymond James Financial Services Advisors Inc. raised its position in shares of South Jersey Industries, Inc. (NYSE:SJIGet Rating) by 0.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,862 shares of the utilities provider’s stock after acquiring an additional 743 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.09% of South Jersey Industries worth $3,739,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new stake in shares of South Jersey Industries in the second quarter valued at approximately $25,000. Quadrant Capital Group LLC boosted its stake in shares of South Jersey Industries by 56.4% in the second quarter. Quadrant Capital Group LLC now owns 1,893 shares of the utilities provider’s stock valued at $65,000 after buying an additional 683 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of South Jersey Industries by 456.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,260 shares of the utilities provider’s stock valued at $78,000 after buying an additional 1,854 shares during the period. Captrust Financial Advisors boosted its stake in shares of South Jersey Industries by 73.1% in the first quarter. Captrust Financial Advisors now owns 4,961 shares of the utilities provider’s stock valued at $173,000 after buying an additional 2,095 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in shares of South Jersey Industries in the first quarter valued at approximately $201,000. Institutional investors own 83.57% of the company’s stock.

Analyst Ratings Changes

SJI has been the subject of several recent research reports. StockNews.com cut South Jersey Industries from a “hold” rating to a “sell” rating in a research note on Thursday, October 27th. Janney Montgomery Scott cut South Jersey Industries from a “buy” rating to a “neutral” rating in a research note on Monday, January 9th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, South Jersey Industries has a consensus rating of “Hold” and an average target price of $25.00.

South Jersey Industries Stock Up 0.0 %

Shares of NYSE:SJI opened at $35.77 on Friday. The company has a fifty day moving average of $35.01 and a 200-day moving average of $34.41. The company has a current ratio of 0.70, a quick ratio of 0.59 and a debt-to-equity ratio of 1.73. South Jersey Industries, Inc. has a 52-week low of $23.14 and a 52-week high of $35.87.

South Jersey Industries (NYSE:SJIGet Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The utilities provider reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.02). The company had revenue of $608.52 million for the quarter, compared to analyst estimates of $400.86 million. South Jersey Industries had a return on equity of 9.30% and a net margin of 5.99%. Analysts forecast that South Jersey Industries, Inc. will post 1.74 EPS for the current year.

South Jersey Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 27th. Investors of record on Monday, December 19th were issued a $0.31 dividend. The ex-dividend date was Friday, December 16th. This represents a $1.24 dividend on an annualized basis and a yield of 3.47%.

About South Jersey Industries

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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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