South Jersey Industries Inc (NYSE:SJI) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in shares of South Jersey Industries Inc (NYSE:SJI) by 34.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,190 shares of the utilities provider’s stock after selling 6,864 shares during the quarter. Envestnet Asset Management Inc.’s holdings in South Jersey Industries were worth $434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its position in South Jersey Industries by 4.7% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 7,060 shares of the utilities provider’s stock valued at $238,000 after buying an additional 314 shares during the period. Accurate Investment Solutions Inc. raised its holdings in shares of South Jersey Industries by 2.3% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 120,876 shares of the utilities provider’s stock valued at $4,077,000 after purchasing an additional 2,759 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of South Jersey Industries by 14.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 55,550 shares of the utilities provider’s stock valued at $1,874,000 after purchasing an additional 7,000 shares in the last quarter. 6 Meridian raised its holdings in shares of South Jersey Industries by 1.9% in the 2nd quarter. 6 Meridian now owns 23,344 shares of the utilities provider’s stock valued at $787,000 after purchasing an additional 442 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of South Jersey Industries by 10.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 36,669 shares of the utilities provider’s stock valued at $1,237,000 after purchasing an additional 3,553 shares in the last quarter. 81.06% of the stock is owned by institutional investors.

NYSE:SJI opened at $30.55 on Thursday. South Jersey Industries Inc has a one year low of $26.06 and a one year high of $34.48. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.21 and a current ratio of 0.25. The firm has a market cap of $2.76 billion, a P/E ratio of 22.14, a P/E/G ratio of 3.26 and a beta of 0.66. The firm has a 50-day simple moving average of $31.96 and a 200-day simple moving average of $32.50.

South Jersey Industries (NYSE:SJI) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.03). The business had revenue of $261.20 million during the quarter, compared to the consensus estimate of $253.87 million. South Jersey Industries had a net margin of 8.81% and a return on equity of 6.56%. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.27) EPS. On average, research analysts predict that South Jersey Industries Inc will post 1.09 EPS for the current fiscal year.

Several equities research analysts have recently commented on SJI shares. Morgan Stanley reduced their price target on shares of South Jersey Industries from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, November 8th. ValuEngine lowered shares of South Jersey Industries from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Maxim Group restated a “buy” rating and issued a $40.00 price target on shares of South Jersey Industries in a report on Friday, November 8th. TheStreet lowered shares of South Jersey Industries from a “b-” rating to a “c+” rating in a report on Friday, August 23rd. Finally, Zacks Investment Research lowered shares of South Jersey Industries from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $35.00.

South Jersey Industries Profile

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, which is purchased directly from producers or suppliers to their customers.

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

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