Media headlines about South Jersey Industries (NYSE:SJI) have been trending positive recently, according to Alpha One Sentiment. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Alpha One 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 coverage optimism score of 0.26 on Alpha One’s scale. Alpha One also gave news headlines about the utilities provider an impact score of 8 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next several days.
South Jersey Industries (SJI) traded down 1.46% on Monday, reaching $35.83. The company’s stock had a trading volume of 262,685 shares. South Jersey Industries has a one year low of $27.51 and a one year high of $38.40. The firm has a 50-day moving average of $36.21 and a 200-day moving average of $34.76. The company has a market capitalization of $2.84 billion, a PE ratio of 31.79 and a beta of 0.78.
South Jersey Industries (NYSE:SJI) last posted its quarterly earnings data on Tuesday, May 9th. The utilities provider reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.09. The company had revenue of $425.83 million for the quarter, compared to analysts’ expectations of $329.50 million. South Jersey Industries had a return on equity of 8.04% and a net margin of 7.83%. During the same period in the previous year, the business posted $0.80 EPS. Analysts predict that South Jersey Industries will post $1.20 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Friday, June 9th will be given a dividend of $0.2725 per share. The ex-dividend date is Wednesday, June 7th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.04%. South Jersey Industries’s payout ratio is currently 98.20%.
Several equities analysts recently commented on SJI shares. Zacks Investment Research upgraded South Jersey Industries from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, May 2nd. Hilliard Lyons upgraded South Jersey Industries from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Wednesday, March 15th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $37.00.
In related news, insider Gina Marie Merritt-Epps sold 2,000 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $35.55, for a total transaction of $71,100.00. Following the completion of the transaction, the insider now owns 3,622 shares of the company’s stock, valued at approximately $128,762.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.
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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