Large Outflow of Money Witnessed in South Jersey Industries

Shares of South Jersey Industries (NYSE:SJI) advanced to $30.11. The price had gained 0.1% or 0.03 points intraday. The latest trading session witnessed $1.54 million in upticks and $5.71 million in downticks, resulting in net money flow of (-4.18) million. The up/down ratio for the day stood at 0.27. On a weekly scale, the price has seen a change of 3.15%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-3.9) million occurred during the day. $0 million in uptick and $3.9 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.


Currently the company Insiders own 0.74% of South Jersey Industries shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.46% . Institutional Investors own 58.47% of South Jersey Industries shares. During last six month period, the net percent change held by insiders has seen a change of -12.46%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Chief Financial Officer) of South Jersey Industries Inc, Clark Stephen H had sold 2,000 shares worth of $55,600 in a transaction dated March 28, 2016. In this transaction, 2,000 shares were sold at $27.8 per share.

South Jersey Industries (NYSE:SJI) : On Monday heightened volatility was witnessed in South Jersey Industries (NYSE:SJI) which led to swings in the share price. The stock opened for trading at $30.05 and hit $30.35 on the upside , eventually ending the session at $30.11, with a gain of 0.1% or 0.03 points. The heightened volatility saw the trading volume jump to 446,245 shares. The 52-week high of the share price is $30.35 and the company has a market cap of $2,151 million. The 52-week low of the share price is at $21.24 .

Many analysts have stated their opinion on the company shares. Guggenheim Securities initiates coverage on South Jersey Industries (NYSE:SJI). According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued 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 Marinas thermal energy facility and Appliance service operations include SJESPs servicing of appliances.

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