Wipfli Financial Advisors LLC Invests $53,000 in South Jersey Industries, Inc. (NYSE:SJI)

Wipfli Financial Advisors LLC purchased a new position in shares of South Jersey Industries, Inc. (NYSE:SJIGet Rating) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,591 shares of the utilities provider’s stock, valued at approximately $53,000.

A number of other institutional investors also recently modified their holdings of the business. Janney Montgomery Scott LLC raised its holdings in shares of South Jersey Industries by 18.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 44,596 shares of the utilities provider’s stock worth $1,490,000 after buying an additional 6,845 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of South Jersey Industries by 0.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 111,862 shares of the utilities provider’s stock worth $3,739,000 after buying an additional 743 shares in the last quarter. Mizuho Securities USA LLC acquired a new position in shares of South Jersey Industries during the 3rd quarter worth $215,000. Louisiana State Employees Retirement System bought a new stake in South Jersey Industries during the 3rd quarter worth $1,955,000. Finally, Verition Fund Management LLC acquired a new position in South Jersey Industries in the 2nd quarter worth about $8,855,000. Institutional investors and hedge funds own 83.57% of the company’s stock.

South Jersey Industries Stock Performance

SJI stock opened at $35.77 on Monday. The company has a fifty day moving average price of $35.01 and a 200-day moving average price of $34.42. South Jersey Industries, Inc. has a 52-week low of $23.14 and a 52-week high of $35.87. The company has a quick ratio of 0.59, a current ratio of 0.70 and a debt-to-equity ratio of 1.73.

South Jersey Industries (NYSE:SJIGet Rating) last released 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 business had revenue of $608.52 million for the quarter, compared to the consensus estimate of $400.86 million. South Jersey Industries had a net margin of 5.99% and a return on equity of 9.30%. As a group, equities research analysts forecast that South Jersey Industries, Inc. will post 1.74 EPS for the current year.

South Jersey Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 27th. Stockholders of record on Monday, December 19th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Friday, December 16th.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Janney Montgomery Scott cut South Jersey Industries from a “buy” rating to a “neutral” rating in a report on Monday, January 9th. StockNews.com cut shares of South Jersey Industries from a “hold” rating to a “sell” rating in a research report on Thursday, October 27th. One investment 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 currently has a consensus rating of “Hold” and an average price target of $25.00.

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.

See Also

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

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