Teachers Advisors LLC Increases Position in South Jersey Industries, Inc. (NYSE:SJI)

Teachers Advisors LLC boosted its stake in South Jersey Industries, Inc. (NYSE:SJI) by 2.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 177,421 shares of the utilities provider’s stock after buying an additional 3,873 shares during the period. Teachers Advisors LLC owned approximately 0.22% of South Jersey Industries worth $6,325,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SJI. Bank of New York Mellon Corp increased its position in shares of South Jersey Industries by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 1,501,014 shares of the utilities provider’s stock worth $53,512,000 after buying an additional 33,025 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of South Jersey Industries by 2.0% in the first quarter. Ameriprise Financial Inc. now owns 1,484,843 shares of the utilities provider’s stock worth $52,938,000 after buying an additional 28,883 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of South Jersey Industries by 19.2% in the first quarter. First Trust Advisors LP now owns 672,843 shares of the utilities provider’s stock worth $23,987,000 after buying an additional 108,460 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of South Jersey Industries by 2.7% in the first quarter. Principal Financial Group Inc. now owns 647,440 shares of the utilities provider’s stock worth $23,081,000 after buying an additional 16,935 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in South Jersey Industries by 26.7% in the fourth quarter. Macquarie Group Ltd. now owns 546,217 shares of the utilities provider’s stock valued at $18,402,000 after buying an additional 115,233 shares in the last quarter. 69.33% of the stock is currently owned by institutional investors.

Shares of South Jersey Industries, Inc. (NYSE:SJI) opened at 34.80 on Friday. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 32.31 and a beta of 0.77. The firm’s 50-day moving average price is $34.20 and its 200-day moving average price is $35.09. South Jersey Industries, Inc. has a 12 month low of $27.51 and a 12 month high of $38.40.

South Jersey Industries (NYSE:SJI) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The business had revenue of $244.37 million during the quarter, compared to the consensus estimate of $179.63 million. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.71%. During the same quarter in the prior year, the firm earned $0.12 EPS. Equities research analysts expect that South Jersey Industries, Inc. will post $1.19 EPS for the current year.

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Several analysts recently issued reports on SJI shares. Zacks Investment Research upgraded South Jersey Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Morgan Stanley raised their price target on South Jersey Industries from $38.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. BidaskClub upgraded South Jersey Industries from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Williams Capital upgraded South Jersey Industries from a “hold” rating to a “buy” rating and raised their price target for the company from $34.00 to $36.00 in a report on Monday, July 17th. Finally, Janney Montgomery Scott upgraded South Jersey Industries from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given 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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