Metropolitan Life Insurance Co. NY Has $1,953,000 Stake in South Jersey Industries, Inc. (SJI)

Metropolitan Life Insurance Co. NY held its position in South Jersey Industries, Inc. (NYSE:SJI) during the first quarter, Holdings Channel reports. The institutional investor owned 54,773 shares of the utilities provider’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in South Jersey Industries were worth $1,953,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. First Mercantile Trust Co. raised its position in shares of South Jersey Industries by 2.7% in the first quarter. First Mercantile Trust Co. now owns 3,000 shares of the utilities provider’s stock valued at $107,000 after buying an additional 80 shares during the period. Bank of Montreal Can raised its position 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 valued at $120,000 after buying an additional 2,170 shares during the period. LS Investment Advisors LLC raised its position in shares of South Jersey Industries by 52.3% in the first quarter. LS Investment Advisors LLC now owns 4,548 shares of the utilities provider’s stock valued at $162,000 after buying an additional 1,561 shares during the period. Numeric Investors LLC acquired a new position in shares of South Jersey Industries during the fourth quarter valued at approximately $209,000. Finally, Wsfs Capital Management LLC acquired a new position in shares of South Jersey Industries during the fourth quarter valued at approximately $210,000. 69.55% of the stock is currently owned by institutional investors.

South Jersey Industries, Inc. (SJI) opened at 34.11 on Friday. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 30.27 and a beta of 0.77. South Jersey Industries, Inc. 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 $35.01 and a 200 day moving average price of $34.80.

South Jersey Industries (NYSE:SJI) last posted its quarterly earnings data on Tuesday, May 9th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by $0.09. South Jersey Industries had a return on equity of 8.04% and a net margin of 7.83%. The business had revenue of $425.83 million for the quarter, compared to analyst estimates of $329.50 million. During the same quarter last year, the business earned $0.80 EPS. Equities research analysts expect that South Jersey Industries, Inc. will post $1.19 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Friday, June 9th were issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Wednesday, June 7th. South Jersey Industries’s dividend payout ratio (DPR) is 98.20%.

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SJI has been the topic of several recent analyst reports. Zacks Investment Research raised South Jersey Industries from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, May 2nd. BidaskClub lowered South Jersey Industries from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, Williams Capital raised South Jersey Industries from a “hold” rating to a “buy” rating and upped their price target for the company from $34.00 to $36.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $37.50.

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).

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)

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