Are Analysts Bullish about South Jersey Industries, Inc. (NYSE:SJI) after last week?

September 16, 2018 - By Jason Grubb

Investors sentiment increased to 2.22 in 2018 Q2. Its up 0.99, from 1.23 in 2018Q1. It is positive, as 14 investors sold South Jersey Industries, Inc. shares while 41 reduced holdings. 48 funds opened positions while 74 raised stakes. 70.49 million shares or 20.25% more from 58.61 million shares in 2018Q1 were reported.
Ontario – Canada-based Manufacturers Life Insurance The has invested 0% in South Jersey Industries, Inc. (NYSE:SJI). Parallax Volatility Advisers Limited Partnership has invested 0% in South Jersey Industries, Inc. (NYSE:SJI). Paloma Prns Mngmt Com invested 0.01% of its portfolio in South Jersey Industries, Inc. (NYSE:SJI). Guggenheim Cap has 0.03% invested in South Jersey Industries, Inc. (NYSE:SJI) for 154,208 shares. Ameriprise Fincl Incorporated reported 1.48M shares. M&R Capital has 300 shares for 0% of their portfolio. Moreover, Aperio Limited Liability Corporation has 0.01% invested in South Jersey Industries, Inc. (NYSE:SJI). Northern Tru Corp reported 1.07 million shares stake. Pennsylvania-based Symons Capital Management Inc has invested 0.25% in South Jersey Industries, Inc. (NYSE:SJI). Manchester Capital Mngmt Ltd accumulated 400 shares or 0% of the stock. Hennessy Advsrs holds 358,671 shares or 0.41% of its portfolio. Quantum Capital Mngmt Limited Liability Nj holds 11,620 shares. Amalgamated Bancshares stated it has 12,701 shares or 0.01% of all its holdings. 6,055 are owned by Lpl Finance Lc. Rhumbline Advisers holds 0.01% or 215,515 shares in its portfolio.

Since May 24, 2018, it had 2 buys, and 0 insider sales for $55,920 activity. $6,603 worth of stock was bought by HIGGINS WALTER M on Thursday, May 24.

South Jersey Industries, Inc. (NYSE:SJI) Ratings Coverage

Among 3 analysts covering South Jersey Industries (NYSE:SJI), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. South Jersey Industries had 6 analyst reports since April 10, 2018 according to SRatingsIntel. The stock of South Jersey Industries, Inc. (NYSE:SJI) has “Neutral” rating given on Friday, August 10 by JP Morgan. The company was maintained on Monday, July 16 by Morgan Stanley. The firm earned “Equal-Weight” rating on Tuesday, September 11 by Morgan Stanley. The company was upgraded on Tuesday, September 11 by JP Morgan. The rating was maintained by JP Morgan with “Neutral” on Tuesday, April 10. Below is a list of South Jersey Industries, Inc. (NYSE:SJI) latest ratings and price target changes.

11/09/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Old Target: $34 New Target: $38 Upgrade
11/09/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $32 New Target: $33 Maintain
10/08/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $33 New Target: $34 Maintain
30/07/2018 Broker: Bank of America Rating: Neutral New Target: $34 Initiates Coverage On
16/07/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $31 New Target: $32 Maintain
10/04/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $29 New Target: $30 Maintain

The stock increased 0.28% or $0.1 during the last trading session, reaching $35.36. About 676,842 shares traded or 19.07% up from the average. South Jersey Industries, Inc. (NYSE:SJI) has declined 2.32% since September 16, 2017 and is downtrending. It has underperformed by 17.94% the S&P500.

South Jersey Industries, Inc., through its subsidiaries, provides energy-related services and products. The company has market cap of $3.02 billion. The firm engages in the purchase, transmission, and sale of natural gas. It currently has negative earnings. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial clients on the interstate pipeline system, as well as transports natural gas, which is purchased directly from producers or suppliers to their customers.

Another recent and important South Jersey Industries, Inc. (NYSE:SJI) news was published by Nasdaq.com which published an article titled: “SJI to Host Investor Conference on October 22, 2018” on September 05, 2018.

South Jersey Industries, Inc. (NYSE:SJI) Institutional Positions Chart

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