News articles about South Jersey Industries (NYSE:SJI) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. South Jersey Industries earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.4634885033103 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- South Jersey Industries (SJI) Price Target Cut to $37.00 (americanbankingnews.com)
- South Jersey Industries, Inc. : SJI-US: Dividend Analysis : December 11th, 2017 (record date) : By the numbers : December 11, 2017 (finance.yahoo.com)
- South Jersey Industries, Inc. (SJI) Ex-Dividend Date Scheduled for December 08 … (nasdaq.com)
- South Jersey Industries, Inc. (SJI) Expected to Announce Quarterly Sales of $335.44 Million (americanbankingnews.com)
A number of brokerages have issued reports on SJI. Janney Montgomery Scott reiterated a “buy” rating on shares of South Jersey Industries in a report on Tuesday, October 17th. Morgan Stanley reduced their price target on shares of South Jersey Industries from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Wednesday. Williams Capital downgraded shares of South Jersey Industries from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a report on Monday, September 18th. Zacks Investment Research upgraded shares of South Jersey Industries from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Finally, BidaskClub downgraded shares of South Jersey Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. South Jersey Industries currently has a consensus rating of “Hold” and a consensus price target of $37.25.
South Jersey Industries (SJI) traded up $0.03 during trading on Wednesday, hitting $32.17. 233,703 shares of the stock were exchanged, compared to its average volume of 332,600. South Jersey Industries has a 12-month low of $31.39 and a 12-month high of $38.40. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market cap of $2,624.32, a P/E ratio of 28.69, a PEG ratio of 3.75 and a beta of 0.71.
South Jersey Industries (NYSE:SJI) last posted its earnings results on Thursday, November 2nd. The utilities provider reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). South Jersey Industries had a return on equity of 7.16% and a net margin of 3.13%. The business had revenue of $227.13 million during the quarter, compared to the consensus estimate of $222.92 million. sell-side analysts forecast that South Jersey Industries will post 1.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Monday, December 11th will be issued a $0.28 dividend. The ex-dividend date is Friday, December 8th. This is an increase from South Jersey Industries’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.48%. South Jersey Industries’s payout ratio is 233.34%.
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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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