Today’s Rating Change: Is South Jersey Industries (NYSE:SJI) Worth Your Time After Placed Williams Capital’s Downgrade?

November 23, 2016 - By whatsonthorold

Today's Rating Change:  Is South Jersey Industries (NYSE:SJI) Worth Your Time After Placed Williams Capital's Downgrade?

South Jersey Industries (NYSE:SJI) Downgrade

South Jersey Industries (NYSE:SJI)‘s Buy rating is no longer valid. The firm rating was cut by research professionals at Williams Capital to Hold. They have a target price of $34.00 on SJI.

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 -6.70% below today’s ($32.69) stock price. South Jersey Industries has been the topic of 9 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Tuesday, June 14, the company rating was initiated by JP Morgan. The rating was downgraded by Hilliard Lyons to “Underperform” on Friday, November 6. The firm earned “Buy” rating on Monday, May 16 by Guggenheim. Hilliard Lyons upgraded the shares of SJI in a report on Monday, August 10 to “Underperform” rating. The company was downgraded on Tuesday, June 28 by Janney Capital. The stock has “Equal-Weight” rating given by Morgan Stanley on Thursday, September 8. The firm has “Neutral” rating given on Wednesday, December 9 by Hilliard Lyons.

About 158,262 shares traded hands. 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 dived, 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.

Winslow Evans & Crocker accumulated 800 shares or 0% of the stock. Cibc Asset Mgmt, a Ontario – Canada-based fund reported 8,914 shares. Kistler accumulated 957 shares or 0.02% of the stock. Bragg Financial Advisors Inc holds 0.13% or 22,961 shares in its portfolio. Checchi Advisers Ltd Liability has 0% invested in the company for 77 shares. Credit Suisse Ag has 0% invested in the company for 63,812 shares. Delta Asset Limited Liability Tn last reported 840 shares in the company. Moreover, Teachers Advsrs has 0.04% invested in South Jersey Industries Inc (NYSE:SJI) for 700,846 shares. Paradigm Asset Mgmt Com Limited Com has 15,500 shares for 0% of their US portfolio. The Ontario – Canada-based Royal Commercial Bank Of Canada has invested 0% in South Jersey Industries Inc (NYSE:SJI). First Trust Ltd Partnership, a Illinois-based fund reported 544,962 shares. Gsa Cap Llp accumulated 38,462 shares or 0.07% of the stock. Vaughan David Invests Inc Il accumulated 472,341 shares or 0.82% of the stock. Blackrock Advsrs Ltd Liability Corporation, a Delaware-based fund reported 682,518 shares. Gemmer Asset Management Ltd Liability Corp holds 0.02% or 957 shares in its portfolio.

South Jersey Industries, Inc. is an energy services holding company. The company has a market cap of $2.63 billion. The Firm provides a range of energy-related services and products, primarily through its subsidiaries. It has a 18.81 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: Marketwatch.com which released: “South Jersey Industries downgraded to neutral from buy at Janney Montgomery Scott” on October 25, 2010. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Best Buy, South Jersey Industries and Fidelity National …” on March 11, 2016. Fool.com‘s news article titled: “Why Shake Shack, Globalstar, and South Jersey Industries Jumped Today” with publication date: May 13, 2016 was also an interesting one.

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