KBC Group NV bought a new position in South Jersey Industries, Inc. (NYSE:SJI – Get Rating) in the second quarter, according to its most recent filing with the SEC. The firm bought 16,510 shares of the utilities provider's stock, valued at approximately $564,000.
A number of other institutional investors also recently bought and sold shares of SJI. Westwood Holdings Group Inc. boosted its stake in South Jersey Industries by 49.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,578,656 shares of the utilities provider's stock worth $41,234,000 after purchasing an additional 519,649 shares in the last quarter. Havens Advisors LLC purchased a new position in South Jersey Industries during the 1st quarter worth approximately $1,140,000. AE Wealth Management LLC raised its position in South Jersey Industries by 6.0% during the 1st quarter. AE Wealth Management LLC now owns 8,748 shares of the utilities provider's stock worth $302,000 after buying an additional 495 shares during the last quarter. Ellevest Inc. raised its position in South Jersey Industries by 83.6% during the 1st quarter. Ellevest Inc. now owns 9,226 shares of the utilities provider's stock worth $319,000 after buying an additional 4,202 shares during the last quarter. Finally, Great Valley Advisor Group Inc. purchased a new position in South Jersey Industries during the 1st quarter worth approximately $219,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.
Get South Jersey Industries alerts:Analysts Set New Price Targets
Separately, StockNews.com raised shares of South Jersey Industries from a "sell" rating to a "hold" rating in a research report on Friday, October 7th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $27.00.
South Jersey Industries Price Performance
NYSE:SJI opened at $34.15 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.63 and a quick ratio of 0.57. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 19.08 and a beta of 0.61. The company has a 50 day moving average price of $33.98 and a 200-day moving average price of $34.14. South Jersey Industries, Inc. has a 1-year low of $21.67 and a 1-year high of $35.32.South Jersey Industries (NYSE:SJI – Get Rating) last posted its earnings results on Wednesday, August 3rd. The utilities provider reported $0.05 earnings per share for the quarter. The firm had revenue of $511.43 million during the quarter, compared to analyst estimates of $320.85 million. South Jersey Industries had a net margin of 7.11% and a return on equity of 9.74%. Equities research analysts forecast that South Jersey Industries, Inc. will post 1.72 EPS for the current year.
South Jersey Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Thursday, September 8th. South Jersey Industries's dividend payout ratio (DPR) is 69.27%.
About South Jersey Industries
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South Jersey Industries, Inc, through its subsidiaries, provides energy-related products and services. The company engages in the purchase, transmission, and sale of natural gas. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial customers on the interstate pipeline system, as well as transports natural gas purchased directly from producers or suppliers to customers.
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