Media stories about South Jersey Industries (NYSE:SJI) have been trending positive on Friday, Alpha One Sentiment reports. Alpha One, a division of Accern, identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. South Jersey Industries earned a daily sentiment score of 0.38 on Alpha One’s scale. Alpha One also assigned media stories about the utilities provider an impact score of 33 out of 100, meaning that recent press coverage is unlikely to have an impact on the company’s share price in the immediate future.
A number of brokerages have weighed in on SJI. Zacks Investment Research raised South Jersey Industries from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, May 2nd. Hilliard Lyons raised South Jersey Industries from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Wednesday, March 15th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $35.80.
South Jersey Industries (NYSE:SJI) traded up 0.32% during trading on Friday, hitting $34.78. The stock had a trading volume of 320,206 shares. The firm has a 50 day moving average price of $36.66 and a 200-day moving average price of $33.98. South Jersey Industries has a 1-year low of $27.51 and a 1-year high of $38.40. The firm has a market capitalization of $2.76 billion, a PE ratio of 30.86 and a beta of 0.66.
South Jersey Industries (NYSE:SJI) last announced its quarterly earnings results on Tuesday, May 9th. The utilities provider reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.09. South Jersey Industries had a net margin of 12.83% and a return on equity of 9.65%. The firm had revenue of $425.83 million during the quarter, compared to the consensus estimate of $329.50 million. During the same period in the previous year, the business earned $0.80 earnings per share. On average, equities research analysts expect that South Jersey Industries will post $1.20 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, June 9th will be issued a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 3.14%. The ex-dividend date is Wednesday, June 7th. South Jersey Industries’s payout ratio is 62.64%.
In other South Jersey Industries news, insider Gina Marie Merritt-Epps sold 2,000 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $35.55, for a total value of $71,100.00. Following the completion of the transaction, the insider now directly owns 3,622 shares of the company’s stock, valued at approximately $128,762.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.74% of the stock is owned by company insiders.
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About South Jersey Industries
South Jersey Industries, Inc (SJI) is an energy services holding company. The Company provides a range of energy-related products and services, primarily through its subsidiaries. Its 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 (Midstream).
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