South Jersey Industries Inc (NYSE:SJI) has been given an average recommendation of “Buy” by the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $35.25.

Several equities analysts have recently weighed in on the stock. TheStreet upgraded shares of South Jersey Industries from a “c+” rating to a “b-” rating in a research note on Tuesday, July 9th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Zacks Investment Research upgraded shares of Smith Micro Software from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research note on Saturday. Maxim Group assumed coverage on shares of South Jersey Industries in a research note on Tuesday, April 16th. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, Morgan Stanley set a $100.00 price objective on shares of Cimarex Energy and gave the stock a “buy” rating in a research note on Thursday, May 16th.

SJI traded up $0.61 during midday trading on Wednesday, hitting $33.87. 473,313 shares of the company traded hands, compared to its average volume of 405,118. The firm has a 50-day moving average of $33.40. South Jersey Industries has a 52 week low of $26.06 and a 52 week high of $36.72. The company has a quick ratio of 0.41, a current ratio of 0.43 and a debt-to-equity ratio of 1.40. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 4.21 and a beta of 0.75.

South Jersey Industries (NYSE:SJI) last issued its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.14. South Jersey Industries had a net margin of 3.40% and a return on equity of 8.66%. The firm had revenue of $637.30 million for the quarter, compared to analysts’ expectations of $571.00 million. On average, analysts expect that South Jersey Industries will post 1.1 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 10th will be issued a $0.287 dividend. This represents a $1.15 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Monday, September 9th. South Jersey Industries’s dividend payout ratio is 83.33%.

A number of institutional investors have recently added to or reduced their stakes in SJI. Versant Capital Management Inc increased its holdings in South Jersey Industries by 221.7% in the 1st quarter. Versant Capital Management Inc now owns 1,155 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 796 shares in the last quarter. Pinnacle Financial Partners Inc. purchased a new stake in South Jersey Industries in the 1st quarter worth approximately $61,000. Quadrant Capital Group LLC increased its holdings in South Jersey Industries by 720.2% in the 1st quarter. Quadrant Capital Group LLC now owns 2,116 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 1,858 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in South Jersey Industries in the 2nd quarter worth approximately $107,000. Finally, Sageworth Trust Co purchased a new stake in South Jersey Industries in the 2nd quarter worth approximately $135,000. 82.93% of the stock is owned by institutional investors.

South Jersey Industries Company 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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Analyst Recommendations for South Jersey Industries (NYSE:SJI)

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