Rating Watching: South Jersey Industries (NYSE:SJI)’s Is Reaching An Inflection Point; Williams Capital Group Downgrades It

November 23, 2016 - By Marguerite Chambers

Rating Watching:  South Jersey Industries (NYSE:SJI)'s Is Reaching An Inflection Point; Williams Capital Group Downgrades It

South Jersey Industries (NYSE:SJI) Downgrade

In a an analyst report issued to clients and investors on Wednesday, 23 November, Williams Capital Group decreased shares of South Jersey Industries (NYSE:SJI) to a “Hold” rating from “Buy”. Williams Capital Group currently has a $34 target price on the stock. The firm target price suggests a potential upside of 1.86% from South Jersey Industries (NYSE:SJI)‘s last close price.

South Jersey Industries Inc (NYSE:SJI) Ratings Coverage

Out of 5 analysts covering South Jersey Industries (NYSE:SJI), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. $31 is the highest target while $30 is the lowest. The $30.50 average target is -8.63% below today’s ($33.38) stock price. South Jersey Industries has been the topic of 9 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating by Hilliard Lyons given on Friday, November 6. The firm has “Neutral” rating given on Tuesday, June 14 by JP Morgan. Hilliard Lyons upgraded the shares of SJI in a report on Monday, August 10 to “Underperform” rating. The stock of South Jersey Industries Inc (NYSE:SJI) earned “Equal-Weight” rating by Morgan Stanley on Thursday, September 8. Janney Capital downgraded South Jersey Industries Inc (NYSE:SJI) on Tuesday, June 28 to “Neutral” rating. As per Monday, May 16, the company rating was initiated by Guggenheim. The stock of South Jersey Industries Inc (NYSE:SJI) earned “Neutral” rating by Hilliard Lyons on Wednesday, December 9.

The stock increased 1.31% or $0.43 during the last trading session, hitting $33.38. South Jersey Industries Inc (NYSE: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 2016 Q2. 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.

First Mercantile Trust has invested 0.01% of its portfolio in South Jersey Industries Inc (NYSE:SJI). Paradigm Asset Mgmt Co Limited Liability Co last reported 15,500 shares in the company. Commonwealth Equity Incorporated accumulated 0% or 14,934 shares. Renaissance Technology Ltd Liability has 0.02% invested in the company for 380,400 shares. Caisse De Depot Et Placement Du Quebec accumulated 100,000 shares or 0.01% of the stock. Royal Retail Bank Of Canada owns 5,585 shares or 0% of their US portfolio. Dimensional Fund Advsr Lp holds 1.43M shares or 0.03% of its portfolio. Wesbanco Bank & Trust owns 8,253 shares or 0.02% of their US portfolio. The Pennsylvania-based Nationwide Fund Advsrs has invested 0.01% in South Jersey Industries Inc (NYSE:SJI). Moreover, Washington Fincl Bank has 0% invested in South Jersey Industries Inc (NYSE:SJI) for 200 shares. Opus Inv Mgmt last reported 70,000 shares in the company. Td Asset Mgmt Incorporated accumulated 0% or 6,674 shares. California State Teachers Retirement System holds 167,736 shares or 0.01% of its portfolio. The New Jersey-based Prudential Fin Incorporated has invested 0.01% in South Jersey Industries Inc (NYSE:SJI). Moreover, Hillsdale Invest Mngmt has 0% invested in South Jersey Industries Inc (NYSE:SJI) for 35 shares.

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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