TheStreet Lowers South Jersey Industries (SJI) to C+

South Jersey Industries (NYSE:SJI) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Wednesday.

Several other equities research analysts have also issued reports on SJI. Sidoti lowered shares of South Jersey Industries from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a report on Monday. Guggenheim reaffirmed a “hold” rating and issued a $32.00 target price on shares of South Jersey Industries in a report on Wednesday, January 3rd. Zacks Investment Research lowered shares of South Jersey Industries from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Morgan Stanley lowered their target price 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, December 13th. Finally, Williams Capital lowered shares of South Jersey Industries from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. South Jersey Industries has an average rating of “Hold” and an average price target of $35.83.

Shares of South Jersey Industries (NYSE:SJI) traded up $0.06 during trading on Wednesday, reaching $29.71. 438,574 shares of the company’s stock traded hands, compared to its average volume of 417,267. The company has a market cap of $2,320.00, a price-to-earnings ratio of 61.90, a PEG ratio of 2.13 and a beta of 0.71. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.47 and a quick ratio of 0.38. South Jersey Industries has a 12-month low of $29.04 and a 12-month high of $38.40.

South Jersey Industries (NYSE:SJI) last announced its quarterly earnings results on Thursday, November 2nd. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.04). The business had revenue of $227.13 million during the quarter, compared to the consensus estimate of $222.92 million. South Jersey Industries had a net margin of 3.13% and a return on equity of 7.16%. sell-side analysts forecast that South Jersey Industries will post 1.17 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its holdings in shares of South Jersey Industries by 0.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,585 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 29 shares during the last quarter. Amalgamated Bank grew its holdings in shares of South Jersey Industries by 0.8% in the 2nd quarter. Amalgamated Bank now owns 10,896 shares of the utilities provider’s stock worth $372,000 after purchasing an additional 89 shares during the last quarter. WFG Advisors LP grew its holdings in shares of South Jersey Industries by 8.0% in the 2nd quarter. WFG Advisors LP now owns 3,153 shares of the utilities provider’s stock worth $108,000 after purchasing an additional 234 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in South Jersey Industries by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,025 shares of the utilities provider’s stock worth $103,000 after buying an additional 262 shares in the last quarter. Finally, Summit Global Investments lifted its position in South Jersey Industries by 2.2% during the 2nd quarter. Summit Global Investments now owns 13,700 shares of the utilities provider’s stock worth $468,000 after buying an additional 300 shares in the last quarter. 70.35% of the stock is currently owned by institutional investors and hedge funds.

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South Jersey Industries Company Profile

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).

Analyst Recommendations for South Jersey Industries (NYSE:SJI)

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