Large Inflow of Money Witnessed in South Jersey Industries

South Jersey Industries (NYSE:SJI) : $2.96 million worth of transactions were on upticks in South Jersey Industries (NYSE:SJI), compared to $1.79 million on downticks. The ratio between the two was 1.65, whereas, the net money flow stood at a healthy $1.17 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $1.19million worth of trades. The total money flow into the stock stood at $1.19 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.16%. The stock was trading at $30.33, with a drop of $0.05 over the previous days close. The stock recorded -1.04% for the week.


In an insider trading activity, Clark Stephen H, officer (SVP, Chief Financial Officer) of South Jersey Industries Inc, unloaded 2,000 shares at an average price of $27.8 on March 28, 2016. The total amount of the transaction was worth $55,600, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.74% of South Jersey Industries shares according to the proxy statements. Institutional Investors own 58.46% of South Jersey Industries shares. During last six month period, the net percent change held by insiders has seen a change of -12.46%.

The company shares have rallied 22.90% from its 1 Year high price. On Jun 27, 2016, the shares registered one year high at $31.18 and the one year low was seen on Dec 14, 2015. The 50-Day Moving Average price is $29.23 and the 200 Day Moving Average price is recorded at $26.78. South Jersey Industries (NYSE:SJI): The stock opened at $30.48 on Wednesday but the bulls could not build on the opening and the stock topped out at $30.71 for the day. The stock traded down to $30.28 during the day, due to lack of any buying support eventually closed down at $30.33 with a loss of -0.16% for the day. The stock had closed at $30.38 on the previous day. The total traded volume was 378,629 shares.

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 Marinas thermal energy facility and Appliance service operations include SJESPs servicing of appliances.

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