South Jersey Industries Inc (SJI) Position Cut by Renaissance Technologies LLC

Renaissance Technologies LLC cut its position in South Jersey Industries Inc (NYSE:SJI) by 21.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 261,400 shares of the company’s stock after selling 71,900 shares during the period. Renaissance Technologies LLC’s holdings in South Jersey Industries were worth $8,807,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Integrated Investment Consultants LLC increased its position in shares of South Jersey Industries by 21.8% in the third quarter. Integrated Investment Consultants LLC now owns 5,260 shares of the company’s stock worth $150,000 after buying an additional 942 shares in the last quarter. Connable Office Inc. increased its position in shares of South Jersey Industries by 20.4% in the third quarter. Connable Office Inc. now owns 10,350 shares of the company’s stock worth $306,000 after buying an additional 1,754 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of South Jersey Industries during the fourth quarter worth about $363,000. RobecoSam USA Inc. purchased a new position in shares of South Jersey Industries during the third quarter worth about $428,000. Finally, SG Americas Securities LLC purchased a new position in shares of South Jersey Industries during the third quarter worth about $432,000. Institutional investors own 69.44% of the company’s stock.

Institutional Ownership by Quarter for South Jersey Industries (NYSE:SJI)

Shares of South Jersey Industries Inc (NYSE:SJI) opened at 35.45 on Friday. South Jersey Industries Inc has a 12-month low of $26.29 and a 12-month high of $35.46. The firm’s 50-day moving average is $33.90 and its 200-day moving average is $31.87. The firm has a market cap of $2.81 billion, a PE ratio of 22.78 and a beta of 0.66.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Investors of record on Friday, March 17th will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Wednesday, March 15th. South Jersey Industries’s dividend payout ratio (DPR) is presently 62.64%.

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A number of research firms have weighed in on SJI. Zacks Investment Research raised shares of South Jersey Industries from a “sell” rating to a “hold” rating in a report on Wednesday, March 15th. Hilliard Lyons raised shares of South Jersey Industries from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday, March 15th. US Capital Advisors cut shares of South Jersey Industries from a “buy” rating to a “hold” rating in a report on Wednesday, November 30th. Finally, Guggenheim cut shares of South Jersey Industries from a “buy” rating to a “neutral” rating in a report on Monday, January 9th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $34.57.

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.

5 Day Chart for NYSE:SJI

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