South Jersey Industries Inc (SJI) was Downgraded by Williams Capital Group to ” Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 34 from a previous price target of $33 . Earlier the firm had a rating of “Buy ” on the company shares. Williams Capital Group advised their investors in a research report released on Nov 23, 2016.
Many Wall Street Analysts have commented on South Jersey Industries Inc. South Jersey Industries Inc was Initiated by Morgan Stanley to “Equal-Weight” on Sep 8, 2016.
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.
South Jersey Industries Inc opened for trading at $31.63 and hit $31.99 on the upside on Monday, eventually ending the session at $31.98, with a gain of 1.20% or 0.38 points. The heightened volatility saw the trading volume jump to 3,86,048 shares. Company has a market cap of $2,542 M.
In a different news, on Apr 5, 2016, Gina Marie Merritt-epps (Senior VP, General Counsel) sold 2,000 shares at $28.35 per share price. According to the SEC, on Mar 30, 2016, Stephen H Clark (SVP, Chief Financial Officer) sold 2,000 shares at $27.80 per share price. On Aug 19, 2015, Victor Fortkiewicz (director) purchased 1,000 shares at $25.82 per share price, according to the Form-4 filing with the securities and exchange commission.
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 SJESPs servicing of appliances.