News articles about South Jersey Industries (NYSE:SJI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. South Jersey Industries earned a news impact score of 0.12 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 46.3167136484288 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of brokerages have recently commented on SJI. Williams Capital cut South Jersey Industries from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research note on Monday, September 18th. BidaskClub upgraded South Jersey Industries from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Morgan Stanley increased their price target on South Jersey Industries from $38.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Zacks Investment Research cut South Jersey Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Finally, Janney Montgomery Scott upgraded South Jersey Industries from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $39.50.
South Jersey Industries (SJI) opened at 34.26 on Friday. The company has a market capitalization of $2.72 billion, a PE ratio of 31.81 and a beta of 0.77. South Jersey Industries has a 52 week low of $27.51 and a 52 week high of $38.40. The stock has a 50 day moving average price of $35.29 and a 200-day moving average price of $35.39.
South Jersey Industries (NYSE:SJI) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.71%. The company had revenue of $244.37 million during the quarter, compared to the consensus estimate of $179.63 million. During the same period in the previous year, the firm posted $0.12 EPS. On average, equities analysts predict that South Jersey Industries will post $1.19 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Monday, September 11th will be issued a dividend of $0.273 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Friday, September 8th. South Jersey Industries’s dividend payout ratio is currently 101.87%.
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About South Jersey Industries
South Jersey Industries, Inc (SJI) is an energy services holding company. The Company provides a range of energy-related products and services, primarily through its subsidiaries. Its subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC (SJEX), Marina Energy, LLC (Marina), South Jersey Energy Service Plus, LLC (SJESP) and SJI Midstream, LLC (Midstream).
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