South Jersey Industries, Inc. (SJI) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC grew its holdings in South Jersey Industries, Inc. (NYSE:SJI) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,722 shares of the utilities provider’s stock after purchasing an additional 3,301 shares during the period. Teachers Advisors LLC owned about 0.23% of South Jersey Industries worth $6,175,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SJI. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of South Jersey Industries by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,025 shares of the utilities provider’s stock worth $103,000 after purchasing an additional 262 shares in the last quarter. First Mercantile Trust Co. grew its holdings in shares of South Jersey Industries by 2.0% in the second quarter. First Mercantile Trust Co. now owns 3,060 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 60 shares during the period. Bank of Montreal Can grew its holdings in shares of South Jersey Industries by 180.8% in the first quarter. Bank of Montreal Can now owns 3,370 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 2,170 shares during the period. Riverhead Capital Management LLC grew its holdings in shares of South Jersey Industries by 81.6% in the second quarter. Riverhead Capital Management LLC now owns 5,992 shares of the utilities provider’s stock worth $205,000 after acquiring an additional 2,692 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in shares of South Jersey Industries by 2.4% in the second quarter. Teacher Retirement System of Texas now owns 6,349 shares of the utilities provider’s stock worth $217,000 after acquiring an additional 150 shares during the period. 69.48% of the stock is owned by institutional investors and hedge funds.

Shares of South Jersey Industries, Inc. (NYSE:SJI) opened at 35.34 on Monday. South Jersey Industries, Inc. has a one year low of $27.51 and a one year high of $38.40. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 32.81 and a beta of 0.75. The company has a 50 day moving average price of $35.26 and a 200 day moving average price of $35.47.

South Jersey Industries (NYSE:SJI) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. South Jersey Industries had a return on equity of 7.71% and a net margin of 7.02%. The firm had revenue of $244.37 million for the quarter, compared to the consensus estimate of $179.63 million. During the same period in the prior year, the firm earned $0.12 EPS. Equities analysts predict that South Jersey Industries, Inc. will post $1.19 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Monday, September 11th were given a $0.273 dividend. This represents a $1.09 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, September 8th. South Jersey Industries’s payout ratio is 101.87%.

Several analysts recently commented on SJI shares. Zacks Investment Research lowered South Jersey Industries from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. BidaskClub lowered South Jersey Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Janney Montgomery Scott raised South Jersey Industries from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on South Jersey Industries from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Finally, Williams Capital raised South Jersey Industries from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $34.00 to $36.00 in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.67.

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Several other institutional investors have also bought and sold shares of SJI. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of South Jersey Industries by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,025 shares of the utilities provider’s stock worth $103,000 after purchasing an additional 262 shares in the last quarter. First Mercantile Trust Co. grew its holdings in shares of South Jersey Industries by 2.0% in the second quarter. First Mercantile Trust Co. now owns 3,060 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 60 shares during the period. Bank of Montreal Can grew its holdings in shares of South Jersey Industries by 180.8% in the first quarter. Bank of Montreal Can now owns 3,370 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 2,170 shares during the period. Riverhead Capital Management LLC grew its holdings in shares of South Jersey Industries by 81.6% in the second quarter. Riverhead Capital Management LLC now owns 5,992 shares of the utilities provider’s stock worth $205,000 after acquiring an additional 2,692 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in shares of South Jersey Industries by 2.4% in the second quarter. Teacher Retirement System of Texas now owns 6,349 shares of the utilities provider’s stock worth $217,000 after acquiring an additional 150 shares during the period. 69.48% of the stock is owned by institutional investors and hedge funds.

Shares of South Jersey Industries, Inc. (NYSE:SJI) opened at 35.34 on Monday. South Jersey Industries, Inc. has a one year low of $27.51 and a one year high of $38.40. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 32.81 and a beta of 0.75. The company has a 50 day moving average price of $35.26 and a 200 day moving average price of $35.47.

South Jersey Industries (NYSE:SJI) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. South Jersey Industries had a return on equity of 7.71% and a net margin of 7.02%. The firm had revenue of $244.37 million for the quarter, compared to the consensus estimate of $179.63 million. During the same period in the prior year, the firm earned $0.12 EPS. Equities analysts predict that South Jersey Industries, Inc. will post $1.19 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Monday, September 11th were given a $0.273 dividend. This represents a $1.09 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, September 8th. South Jersey Industries’s payout ratio is 101.87%.

Several analysts recently commented on SJI shares. Zacks Investment Research lowered South Jersey Industries from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. BidaskClub lowered South Jersey Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Janney Montgomery Scott raised South Jersey Industries from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on South Jersey Industries from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Finally, Williams Capital raised South Jersey Industries from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $34.00 to $36.00 in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.67.

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

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