Public Employees Retirement System of Ohio Has $122,000 Holdings in South Jersey Industries, Inc. (SJI)

Public Employees Retirement System of Ohio raised its stake in shares of South Jersey Industries, Inc. (NYSE:SJI) by 0.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,585 shares of the utilities provider’s stock after acquiring an additional 29 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in South Jersey Industries were worth $122,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC raised its holdings in shares of South Jersey Industries by 1.2% in the second quarter. FMR LLC now owns 2,788,690 shares of the utilities provider’s stock valued at $95,290,000 after buying an additional 32,857 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of South Jersey Industries by 1.7% in the second quarter. Goldman Sachs Group Inc. now owns 2,352,293 shares of the utilities provider’s stock valued at $80,378,000 after buying an additional 40,310 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of South Jersey Industries by 1.3% in the second quarter. Earnest Partners LLC now owns 2,124,447 shares of the utilities provider’s stock valued at $72,592,000 after buying an additional 26,429 shares during the last quarter. State Street Corp raised its holdings in shares of South Jersey Industries by 4.5% in the second quarter. State Street Corp now owns 2,045,454 shares of the utilities provider’s stock valued at $69,891,000 after buying an additional 88,677 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of South Jersey Industries by 2.9% in the second quarter. Wells Fargo & Company MN now owns 1,743,278 shares of the utilities provider’s stock valued at $59,568,000 after buying an additional 48,640 shares during the last quarter. 69.85% of the stock is owned by institutional investors.

Shares of South Jersey Industries, Inc. (NYSE:SJI) opened at $32.65 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $2,597.28, a PE ratio of 28.39, a P/E/G ratio of 3.68 and a beta of 0.72. South Jersey Industries, Inc. has a 12-month low of $31.39 and a 12-month high of $38.40.

South Jersey Industries (NYSE:SJI) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.04). The firm had revenue of $227.13 million during the quarter, compared to analyst estimates of $222.92 million. South Jersey Industries had a return on equity of 7.16% and a net margin of 3.13%. analysts anticipate that South Jersey Industries, Inc. will post 1.18 EPS for the current year.

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A number of research analysts recently issued reports on the company. BidaskClub raised South Jersey Industries from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Morgan Stanley lifted 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. Zacks Investment Research cut South Jersey Industries from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Janney Montgomery Scott raised 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. Finally, J P Morgan Chase & Co lifted their price objective on South Jersey Industries from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. South Jersey Industries currently has a consensus rating of “Hold” and an average price target of $38.00.

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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