Financial Architects Inc Reduces Stake in South Jersey Industries, Inc. (SJI)

Financial Architects Inc cut its stake in shares of South Jersey Industries, Inc. (NYSE:SJI) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,162 shares of the utilities provider’s stock after selling 200 shares during the period. Financial Architects Inc’s holdings in South Jersey Industries were worth $1,133,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. First Mercantile Trust Co. increased its position in 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 last quarter. Nisa Investment Advisors LLC increased its position in South Jersey Industries by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 52,470 shares of the utilities provider’s stock valued at $1,793,000 after buying an additional 200 shares during the last quarter. State of Alaska Department of Revenue increased its position in South Jersey Industries by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 8,810 shares of the utilities provider’s stock valued at $314,000 after buying an additional 210 shares during the last quarter. Louisiana State Employees Retirement System increased its position in South Jersey Industries by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 32,400 shares of the utilities provider’s stock valued at $1,155,000 after buying an additional 500 shares during the last quarter. Finally, Arizona State Retirement System increased its position in South Jersey Industries by 1.5% in the first quarter. Arizona State Retirement System now owns 41,418 shares of the utilities provider’s stock valued at $1,477,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 69.33% of the company’s stock.

South Jersey Industries, Inc. (SJI) remained flat at $34.80 on Friday. The company’s stock had a trading volume of 258,227 shares. The company has a market cap of $2.76 billion, a PE ratio of 32.31 and a beta of 0.77. South Jersey Industries, Inc. has a 12 month low of $27.51 and a 12 month high of $38.40. The stock has a 50-day moving average of $34.20 and a 200 day moving average of $35.09.

South Jersey Industries (NYSE:SJI) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.71%. The company had revenue of $244.37 million for the quarter, compared to analysts’ expectations of $179.63 million. During the same quarter in the previous year, the company earned $0.12 EPS. Equities research analysts predict that South Jersey Industries, Inc. will post $1.19 earnings per share for the current year.

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Several equities research analysts have issued reports on the company. BidaskClub downgraded South Jersey Industries from a “sell” rating to a “strong sell” rating in a research report on Friday. Morgan Stanley increased their target price on South Jersey Industries from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Janney Montgomery Scott upgraded South Jersey Industries from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. They noted that the move was a valuation call. Williams Capital upgraded South Jersey Industries from a “hold” rating to a “buy” rating and increased their target price for the stock from $34.00 to $36.00 in a research report on Monday, July 17th. Finally, Zacks Investment Research upgraded South Jersey Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have assigned 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 target price of $39.25.

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).

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

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