Renaissance Technologies LLC reduced its position in South Jersey Industries, Inc. (NYSE:SJI) by 11.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 231,800 shares of the utilities provider’s stock after selling 29,600 shares during the period. Renaissance Technologies LLC owned 0.29% of South Jersey Industries worth $8,264,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. First Mercantile Trust Co. boosted its stake 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 worth $107,000 after buying an additional 80 shares during the last quarter. Bank of Montreal Can boosted its stake in 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 worth $120,000 after buying an additional 2,170 shares during the last quarter. LS Investment Advisors LLC boosted its stake in 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 worth $162,000 after buying an additional 1,561 shares during the last quarter. Wsfs Capital Management LLC acquired a new stake in South Jersey Industries during the fourth quarter worth $210,000. Finally, Everence Capital Management Inc. acquired a new stake in South Jersey Industries during the first quarter worth $226,000. 69.33% of the stock is owned by hedge funds and other institutional investors.
Shares of South Jersey Industries, Inc. (SJI) remained flat at $34.80 during mid-day trading on Friday. The stock had a trading volume of 258,227 shares. The stock’s 50 day moving average is $34.20 and its 200-day moving average is $35.09. The stock 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 52-week low of $27.51 and a 52-week high of $38.40.
South Jersey Industries (NYSE:SJI) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.71%. The firm had revenue of $244.37 million during the quarter, compared to the consensus estimate of $179.63 million. During the same quarter last year, the firm earned $0.12 earnings per share. Equities analysts predict that South Jersey Industries, Inc. will post $1.19 EPS for the current fiscal year.
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A number of analysts have recently weighed in on the company. Janney Montgomery Scott raised 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 raised South Jersey Industries from a “hold” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $36.00 in a research report on Monday, July 17th. BidaskClub cut South Jersey Industries from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research raised South Jersey Industries from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Tuesday, May 2nd. Finally, Morgan Stanley lifted their price target 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average 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).
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