Rating Change: Time To Sell South Jersey Industries (SJI), Williams Capital Downgrades It

November 23, 2016 - By Peter Kolinski

Rating Change:  Time To Sell South Jersey Industries (SJI), Williams Capital Downgrades It

South Jersey Industries (SJI) Downgrade

EU-listed South Jersey Industries (SJI), was lowered by professional analysts at Williams Capital. Williams Capital lowered its rating on the $2.73 billion market cap company to a Hold from a previous Buy, but maintained its PT of $34.0 on SJI shares.

The stock increased 1.31% or $0.43 during the last trading session, hitting $33.38. South Jersey Industries Inc (SJI) has risen 22.09% since April 21, 2016 and is uptrending. It has outperformed by 16.76% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 0.99, from 2.05 in 2016Q1. The ratio turned negative, as 20 funds sold all South Jersey Industries Inc shares owned while 37 reduced positions. 30 funds bought stakes while 87 increased positions. They now own 53.65 million shares or 12.60% more from 47.65 million shares in 2016Q1.

Dimensional Fund Advsr Limited Partnership owns 1.43M shares or 0.03% of their US portfolio. Cutter And Company Brokerage has 114,370 shares for 1.54% of their US portfolio. Heartland Advsrs holds 200,000 shares or 0.36% of its portfolio. Citadel Advsr Limited Liability Com accumulated 77,855 shares or 0% of the stock. First In has 3,320 shares for 0.06% of their US portfolio. Envestnet Asset last reported 7,418 shares in the company. Texas Permanent School Fund last reported 60,769 shares in the company. Allianz Asset Mgmt Ag holds 0% or 33,330 shares in its portfolio. Winslow Evans Crocker holds 0% of its portfolio in South Jersey Industries Inc (NYSE:SJI) for 800 shares. Court Place Advsr Llc holds 0.15% or 8,200 shares in its portfolio. Ls Lc accumulated 0.01% or 2,850 shares. First State Bank Sioux Falls has 0.05% invested in the company for 460 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 2,436 shares or 0% of the stock. Peoples Fincl Svcs Corp holds 2,102 shares or 0.04% of its portfolio. Blackrock Fund Advsr has 5.36 million shares for 0.04% of their US portfolio.

South Jersey Industries, Inc. is an energy services holding company. The company has a market cap of $2.73 billion. The Firm provides a range of energy-related services and products, primarily through its subsidiaries. It has a 19.21 P/E ratio. The Company’s 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.

According to Zacks Investment Research, “South Jersey Inds Inc. is engaged in the business of operating, through subsidiaries, various business enterprises. The company’s most significant subsidiary is South Jersey Gas Company (SJG). SJG is a public utility company engaged in the purchase, transmission and sale of natural gas for residential, commercial and industrial use. SJG also makes off-system sales of natural gas on a wholesale basis to various customers on the interstate pipeline system and transports natural gas.”

SJI Company Profile

South Jersey Industries, Inc. (SJI), incorporated in 1969, is an energy services holding company. The Firm provides a range of energy-related services and products, primarily through its subsidiaries. The Company’s 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.

More recent South Jersey Industries Inc (NYSE:SJI) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Best Buy, South Jersey Industries and Fidelity National …” on March 11, 2016. Also Fool.com published the news titled: “Why Shake Shack, Globalstar, and South Jersey Industries Jumped Today” on May 13, 2016. Fool.com‘s news article titled: “South Jersey Industries Suffers a Loss, but Keeps Confident” with publication date: November 08, 2015 was also an interesting one.

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