South Jersey Industries, Inc. (NYSE:SJI) Position Increased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its stake in South Jersey Industries, Inc. (NYSE:SJIGet Rating) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,480 shares of the utilities provider’s stock after purchasing an additional 400 shares during the period. Oregon Public Employees Retirement Fund’s holdings in South Jersey Industries were worth $1,353,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Strs Ohio lifted its holdings in shares of South Jersey Industries by 149.2% in the 3rd quarter. Strs Ohio now owns 32,900 shares of the utilities provider’s stock worth $1,099,000 after purchasing an additional 19,700 shares during the last quarter. Bank of Nova Scotia bought a new stake in South Jersey Industries during the 2nd quarter valued at $311,000. New York State Teachers Retirement System raised its stake in South Jersey Industries by 4.7% during the 2nd quarter. New York State Teachers Retirement System now owns 183,000 shares of the utilities provider’s stock valued at $6,248,000 after acquiring an additional 8,133 shares in the last quarter. WINTON GROUP Ltd raised its stake in South Jersey Industries by 16.0% during the 2nd quarter. WINTON GROUP Ltd now owns 183,355 shares of the utilities provider’s stock valued at $6,260,000 after acquiring an additional 25,325 shares in the last quarter. Finally, Mizuho Securities USA LLC bought a new stake in South Jersey Industries during the 3rd quarter valued at $215,000. Institutional investors own 83.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SJI shares. StockNews.com downgraded South Jersey Industries from a “hold” rating to a “sell” rating in a research note on Thursday, October 27th. Janney Montgomery Scott downgraded South Jersey Industries from a “buy” rating to a “neutral” rating in a research note on Monday, January 9th.

South Jersey Industries Trading Up 0.5 %

Shares of SJI stock opened at $35.94 on Monday. 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 1-year low of $23.14 and a 1-year high of $36.03. The stock’s fifty day simple moving average is $35.20 and its 200-day simple moving average is $34.48.

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). South Jersey Industries had a return on equity of 9.30% and a net margin of 5.99%. The company had revenue of $608.52 million for the quarter, compared to the consensus estimate of $400.86 million. On average, sell-side analysts expect that South Jersey Industries, Inc. will post 1.74 earnings per share for the current fiscal year.

South Jersey Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 27th. Stockholders 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 dividend yield of 3.45%.

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.

Further Reading

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

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