Cutter Co Brokerage Lowers stake in South Jersey Industries Inc (SJI)

South Jersey Industries Inc (SJI) : Cutter Co Brokerage reduced its stake in South Jersey Industries Inc by 1.21% during the most recent quarter end. The investment management company now holds a total of 114,370 shares of South Jersey Industries Inc which is valued at $3,601,511 after selling 1,397 shares in South Jersey Industries Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.South Jersey Industries Inc makes up approximately 1.53% of Cutter Co Brokerage’s portfolio.

Other Hedge Funds, Including , Swiss National Bank boosted its stake in SJI in the latest quarter, The investment management firm added 12,600 additional shares and now holds a total of 127,409 shares of South Jersey Industries Inc which is valued at $4,012,109. South Jersey Industries Inc makes up approx 0.01% of Swiss National Bank’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in SJI by selling 880 shares or 4.79% in the most recent quarter. The Hedge Fund company now holds 17,490 shares of SJI which is valued at $557,581. Deprince Race Zollo Inc added SJI to its portfolio by purchasing 641,770 company shares during the most recent quarter which is valued at $20,151,578. South Jersey Industries Inc makes up approx 0.39% of Deprince Race Zollo Inc’s portfolio.Financial Architects Inc boosted its stake in SJI in the latest quarter, The investment management firm added 2,473 additional shares and now holds a total of 36,425 shares of South Jersey Industries Inc which is valued at $1,143,745. South Jersey Industries Inc makes up approx 0.31% of Financial Architects Inc’s portfolio.Nisa Investment Advisors boosted its stake in SJI in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 57,550 shares of South Jersey Industries Inc which is valued at $1,804,193. South Jersey Industries Inc makes up approx 0.02% of Nisa Investment Advisors’s portfolio.

South Jersey Industries Inc opened for trading at $31.08 and hit $31.32 on the upside on Monday, eventually ending the session at $31.25, with a gain of 0.45% or 0.14 points. The heightened volatility saw the trading volume jump to 4,35,500 shares. Company has a market cap of $2,232 M.

On the company’s financial health, South Jersey Industries Inc reported $0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.14.Analysts expectations of $ 182.88.During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on South Jersey Industries Inc. South Jersey Industries Inc was Initiated by JP Morgan to “Neutral” on Jun 14, 2016. South Jersey Industries Inc was Initiated by Guggenheim to “Buy” on May 16, 2016.

South Jersey Industries Inc. (SJI) is an energy services holding company. The Company provides energy-related products and services 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 Marina Energy LLC (Marina) South Jersey Energy Service Plus LLC and SJI Midstream LLC. It operates in several operating segments: Gas utility operations consist of natural gas distribution; Wholesale energy operations include the activities of SJRG and SJEX; SJE is involved in retail gas and retail electric activities; Retail gas and other operations include natural gas acquisition and transportation services; Retail electric operations consist of electricity acquisition and transportation; On-site energy production consists of Marina’s thermal energy facility and Appliance service operations include SJESP’s servicing of appliances.

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