Bank of New York Mellon Corp Has $66.92 Million Stock Position in South Jersey Industries, Inc. (NYSE:SJI)

Bank of New York Mellon Corp grew its position in South Jersey Industries, Inc. (NYSE:SJIGet Rating) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,936,745 shares of the utilities provider’s stock after buying an additional 18,048 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.58% of South Jersey Industries worth $66,915,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its holdings in shares of South Jersey Industries by 0.6% during the first quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the utilities provider’s stock worth $1,890,000 after purchasing an additional 300 shares during the period. CIBC Asset Management Inc raised its position in South Jersey Industries by 3.3% during the fourth quarter. CIBC Asset Management Inc now owns 12,740 shares of the utilities provider’s stock valued at $333,000 after acquiring an additional 408 shares in the last quarter. Signaturefd LLC raised its position in South Jersey Industries by 49.3% during the first quarter. Signaturefd LLC now owns 1,302 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 430 shares in the last quarter. AE Wealth Management LLC raised its position in South Jersey Industries by 6.0% during the first quarter. AE Wealth Management LLC now owns 8,748 shares of the utilities provider’s stock valued at $302,000 after acquiring an additional 495 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in South Jersey Industries by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 16,204 shares of the utilities provider’s stock valued at $560,000 after acquiring an additional 841 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

South Jersey Industries Stock Up 0.2 %

SJI opened at $33.89 on Friday. South Jersey Industries, Inc. has a fifty-two week low of $20.75 and a fifty-two week high of $35.32. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.63 and a quick ratio of 0.57. The firm’s fifty day moving average price is $34.14 and its two-hundred day moving average price is $33.72. The company has a market capitalization of $4.15 billion, a P/E ratio of 19.73 and a beta of 0.64.

South Jersey Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.66%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of South Jersey Industries from a “sell” rating to a “hold” rating in a research note on Saturday, August 13th. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.25.

About South Jersey Industries

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South Jersey Industries, Inc, through its subsidiaries, provides energy-related products and services. The company engages in the purchase, transmission, and sale of natural gas. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial customers on the interstate pipeline system, as well as transports natural gas purchased directly from producers or suppliers to customers.

See Also

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Institutional Ownership by Quarter for South Jersey Industries (NYSE:SJI)

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