HBK Investments L P Invests $550,000 in South Jersey Industries Inc (SJI) Stock

HBK Investments L P acquired a new stake in South Jersey Industries Inc (NYSE:SJI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,600 shares of the utilities provider’s stock, valued at approximately $550,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SJI. San Francisco Sentry Investment Group CA acquired a new stake in South Jersey Industries in the 3rd quarter valued at about $110,000. CIBC Asset Management Inc purchased a new position in South Jersey Industries in the 4th quarter valued at about $214,000. Cetera Investment Advisers purchased a new position in South Jersey Industries in the 4th quarter valued at about $240,000. Stone Ridge Asset Management LLC purchased a new position in South Jersey Industries in the 4th quarter valued at about $243,000. Finally, Yorktown Management & Research Co Inc purchased a new position in South Jersey Industries in the 4th quarter valued at about $294,000. 70.52% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have issued reports on SJI shares. Morgan Stanley reduced their target price on shares of South Jersey Industries from $35.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 13th. JPMorgan Chase & Co. reduced their target price on shares of South Jersey Industries from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. Sidoti lowered shares of South Jersey Industries from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a report on Monday, January 8th. Guggenheim restated a “hold” rating and issued a $32.00 target price on shares of South Jersey Industries in a report on Wednesday, January 3rd. Finally, Zacks Investment Research upgraded shares of South Jersey Industries from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Saturday, March 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $32.33.

South Jersey Industries Inc (SJI) opened at $26.69 on Monday. The firm has a market cap of $2,124.39, a PE ratio of -533.80, a PEG ratio of 1.69 and a beta of 0.67. South Jersey Industries Inc has a 1-year low of $25.96 and a 1-year high of $38.40. The company has a current ratio of 0.50, a quick ratio of 0.44 and a debt-to-equity ratio of 0.94.

South Jersey Industries (NYSE:SJI) last announced its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.08. The business had revenue of $345.74 million for the quarter, compared to analyst estimates of $336.19 million. South Jersey Industries had a negative net margin of 0.28% and a positive return on equity of 7.84%. During the same period in the prior year, the firm posted $0.42 EPS. research analysts anticipate that South Jersey Industries Inc will post 1.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Monday, March 19th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, March 16th. This represents a $1.12 annualized dividend and a dividend yield of 4.20%. South Jersey Industries’s payout ratio is currently -2,240.00%.

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South Jersey Industries Profile

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).

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

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