Boston Partners Decreases Stock Holdings in South Jersey Industries Inc (NYSE:SJI)

Share on StockTwits

Boston Partners lowered its position in shares of South Jersey Industries Inc (NYSE:SJI) by 56.7% in the third quarter, HoldingsChannel.com reports. The firm owned 32,086 shares of the utilities provider’s stock after selling 42,045 shares during the quarter. Boston Partners’ holdings in South Jersey Industries were worth $1,055,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SJI. Advisory Services Network LLC raised its stake in South Jersey Industries by 65.3% in the second quarter. Advisory Services Network LLC now owns 1,190 shares of the utilities provider’s stock valued at $40,000 after buying an additional 470 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new position in shares of South Jersey Industries in the 2nd quarter valued at about $51,000. Coastal Investment Advisors Inc. raised its position in shares of South Jersey Industries by 147.1% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,891 shares of the utilities provider’s stock worth $99,000 after acquiring an additional 1,721 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of South Jersey Industries during the 2nd quarter worth about $107,000. Finally, Point72 Hong Kong Ltd purchased a new stake in South Jersey Industries during the second quarter worth approximately $127,000. Hedge funds and other institutional investors own 81.71% of the company’s stock.

SJI opened at $30.46 on Wednesday. South Jersey Industries Inc has a one year low of $26.06 and a one year high of $34.48. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.21 and a current ratio of 0.25. The stock has a market capitalization of $2.87 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The business’s 50-day simple moving average is $31.25 and its 200-day simple moving average is $32.35.

South Jersey Industries (NYSE:SJI) last announced its earnings results on Wednesday, November 6th. The utilities provider reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.03). The firm had revenue of $261.20 million during the quarter, compared to analyst estimates of $253.87 million. South Jersey Industries had a net margin of 8.81% and a return on equity of 6.56%. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period last year, the company earned ($0.27) earnings per share. On average, equities research analysts forecast that South Jersey Industries Inc will post 1.09 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 10th will be issued a $0.295 dividend. This is an increase from South Jersey Industries’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Monday, December 9th. South Jersey Industries’s dividend payout ratio is presently 83.33%.

A number of equities analysts recently issued reports on the company. ValuEngine downgraded South Jersey Industries from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. TheStreet downgraded shares of South Jersey Industries from a “b-” rating to a “c+” rating in a research report on Friday, August 23rd. Morgan Stanley lowered their target price on shares of South Jersey Industries from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, November 8th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $40.00 target price on shares of South Jersey Industries in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. South Jersey Industries currently has an average rating of “Hold” and a consensus price target of $35.00.

South Jersey Industries Company Profile

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, which is purchased directly from producers or suppliers to their customers.

Further Reading: Forex

Want to see what other hedge funds are holding SJI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for South Jersey Industries Inc (NYSE:SJI).

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

Receive News & Ratings for South Jersey Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South Jersey Industries and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.