ClariVest Asset Management LLC Decreases Stock Holdings in South Jersey Industries, Inc. (NYSE:SJI)

ClariVest Asset Management LLC reduced its position in shares of South Jersey Industries, Inc. (NYSE:SJIGet Rating) by 8.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 220,565 shares of the utilities provider’s stock after selling 19,396 shares during the quarter. ClariVest Asset Management LLC owned 0.20% of South Jersey Industries worth $5,761,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV bought a new stake in shares of South Jersey Industries during the 4th quarter valued at about $72,000. Moors & Cabot Inc. bought a new position in shares of South Jersey Industries during the 3rd quarter valued at approximately $76,000. Captrust Financial Advisors grew its stake in shares of South Jersey Industries by 76.0% during the 3rd quarter. Captrust Financial Advisors now owns 3,712 shares of the utilities provider’s stock valued at $79,000 after acquiring an additional 1,603 shares during the period. Confluence Wealth Services Inc. bought a new position in South Jersey Industries in the 4th quarter worth approximately $99,000. Finally, Ellevest Inc. boosted its stake in South Jersey Industries by 41.5% in the 4th quarter. Ellevest Inc. now owns 5,024 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 1,474 shares during the period. Institutional investors and hedge funds own 84.30% of the company’s stock.

SJI stock traded up $0.10 during trading on Wednesday, reaching $34.50. 22,627 shares of the company traded hands, compared to its average volume of 1,545,059. South Jersey Industries, Inc. has a 12 month low of $20.75 and a 12 month high of $35.32. The business has a 50 day simple moving average of $34.23 and a 200 day simple moving average of $29.08. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 19.69 and a beta of 0.71. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.81 and a current ratio of 0.84.

South Jersey Industries (NYSE:SJIGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The utilities provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.07). South Jersey Industries had a net margin of 4.14% and a return on equity of 9.82%. The business had revenue of $824.58 million during the quarter, compared to analysts’ expectations of $689.67 million. During the same quarter last year, the business posted $1.26 earnings per share. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. As a group, research analysts forecast that South Jersey Industries, Inc. will post 1.69 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Friday, June 10th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.59%. The ex-dividend date is Thursday, June 9th.

Several research analysts have weighed in on the company. Maxim Group downgraded South Jersey Industries from a “buy” rating to a “hold” rating in a research note on Friday, February 25th. Bank of America lowered South Jersey Industries from a “buy” rating to a “neutral” rating and set a $25.00 price target on the stock. in a report on Thursday, February 17th. StockNews.com upgraded South Jersey Industries from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, Zacks Investment Research lowered South Jersey Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.17.

About South Jersey Industries (Get Rating)

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

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