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2023-02-05 19:43
Russell Investments Group Ltd. trimmed its position in South Jersey Industries, Inc. (NYSE:SJI – Get Rating) by 30.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,918 shares of the utilities provider's stock after selling 51,953 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of South Jersey Industries worth $3,938,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its holdings in shares of South Jersey Industries by 1.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 40,480 shares of the utilities provider's stock worth $1,353,000 after purchasing an additional 400 shares during the last quarter. Bank of Montreal Can increased its stake in South Jersey Industries by 1.5% during the first quarter. Bank of Montreal Can now owns 30,202 shares of the utilities provider's stock worth $1,041,000 after acquiring an additional 437 shares during the last quarter. Captrust Financial Advisors increased its stake in South Jersey Industries by 9.0% during the second quarter. Captrust Financial Advisors now owns 5,409 shares of the utilities provider's stock worth $185,000 after acquiring an additional 448 shares during the last quarter. Yousif Capital Management LLC increased its stake in South Jersey Industries by 0.5% during the first quarter. Yousif Capital Management LLC now owns 102,642 shares of the utilities provider's stock worth $3,546,000 after acquiring an additional 493 shares during the last quarter. Finally, CWM LLC increased its stake in South Jersey Industries by 203.5% during the third quarter. CWM LLC now owns 771 shares of the utilities provider's stock worth $26,000 after acquiring an additional 517 shares during the last quarter. 83.57% of the stock is owned by institutional investors.
Get South Jersey Industries alerts:Several equities research analysts have weighed in on the company. StockNews.com cut South Jersey Industries from a "hold" rating to a "sell" rating in a research note on Thursday, October 27th. Janney Montgomery Scott cut South Jersey Industries from a "buy" rating to a "neutral" rating in a research note on Monday, January 9th.
South Jersey Industries (NYSE:SJI – Get Rating) last announced its earnings results on Wednesday, November 2nd. The utilities provider reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.02). South Jersey Industries had a net margin of 5.99% and a return on equity of 9.30%. The business had revenue of $608.52 million for the quarter, compared to analysts' expectations of $400.86 million. Equities analysts anticipate that South Jersey Industries, Inc. will post 1.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 27th. Shareholders of record on Monday, December 19th were given a dividend of $0.31 per share. The ex-dividend date was Friday, December 16th. This represents a $1.24 annualized dividend and a dividend yield of 3.44%.
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South Jersey Industries, Inc is a holding company, which engages in the provision of energy-related products and services. It operates through the following segments: SJG Utility Operations, ETG Utility Operations, ELK Utility Operations, Wholesale Energy Operations, Retail Electric Operations, Appliance Service Operations, Midstream, and Corporate & Services.
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