South Jersey Inds (NYSE:SJI) Share Price May Be About to Change Direction; Hilliard Lyons Upgrades The Company.


South Jersey Inds (NYSE:SJI) Stock Upgrade

Hilliard Lyons upgraded shares of South Jersey Inds (NYSE:SJI) from a Underperform rating to a solid Neutral in analysts note shared with investors and clients on today.

Approximately 43,619 shares of stock traded hands. South Jersey Industries Inc (NYSE:SJI) has declined 58.38% since May 6, 2015 and is downtrending. It has underperformed by 57.59% the S&P500.

The overall sentiment of institutions has increased to 1.84 in Q2 2015. Its up 0.77, from 1.07 in 2015Q2. The ratio is positive, as 14 institutions have sold all the shares of South Jersey Industries Inc that they owned while 41 funds have taken shares off the table. 20 funds have purchased shares for the first time while 81 added to their positions. These institutions now hold 36.59 million shares or 55.89% less than the 82.96 million shares they owned in 2015Q2.

The Fund Longbow Capital Partners L.P. currently is holding shares equating to 3.36% of its total portfolio in South Jersey Industries Inc representing a total of 45,780 shares. Another fund,Dean Capital Management, is holding a total of 64,500 shares equating to 2.27% of their holdings. Additionally, Roffman Miller Associates Inc Pa has a 395,643 share stake in South Jersey Industries Inc which represents 1.96% of their total portfolio. The Fund, Cutter & Co Brokerage Inc., based out of Missouri, has also built up a stake in the stock, which represents a total of 1.55% of their total portfolio. Finally Keeley Asset Management Corp, a fund which is based in the state of Illinois reported a total holdings of 1.40 million shares.

Insider activity is a very important aspect to track on any stock. Going back to March 13, 2015, shareholders of South Jersey Industries Inc have witnessed 0 buys, and a total of 3 insider sales equating to a net activity of approximately $159,082 . Renna Michael J sold 700 shares worth approximately $17,801. Higgins Walter M sold 5,000 shares worth approximately $123,781. Merritt-Epps Gina Marie sold 1,000 shares worth approximately $53,900. Sims Frank L bought 5,000 shares worth approximately $263,000.

South Jersey Industries, Inc. is an energy services holding company. The company has a market cap of $1.55 billion. The Firm provides energy-related services and products through its subsidiaries. It has 15.41 P/E ratio. The Company’s 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.

According to Zacks Investment Research, “South Jersey Inds Inc. is engaged in the business of operating, through subsidiaries, various business enterprises. The company’s most significant subsidiary is South Jersey Gas Company (SJG). SJG is a public utility company engaged in the purchase, transmission and sale of natural gas for residential, commercial and industrial use. SJG also makes off-system sales of natural gas on a wholesale basis to various customers on the interstate pipeline system and transports natural gas.” Get a free copy of the Zacks research report on South Jersey Industries Inc (SJI).