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. As of December 31, 2021, the company had approximately 147 miles of mains in the transmission system and 6,815 miles of mains in the distribution system; and served 384,062 residential, commercial, and industrial customers in southern New Jersey. In addition, it markets natural gas storage, commodity, and transportation assets on a wholesale basis for energy marketers, electric and gas utilities, power plants, and natural gas producers in the mid-Atlantic, Appalachian, and southern regions of the United States. Further, the company owns and operates rooftop solar-generation sites. Additionally, it owns oil, gas, and mineral rights in the Marcellus Shale region of Pennsylvania; acquires and markets natural gas and electricity to retail end users, as well as provides total energy management, fuel management, and energy procurement and cost reduction services. The company was founded in 1910 and is headquartered in Folsom, New Jersey.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut South Jersey Industries from a "hold" rating to a "sell" rating in a report on Friday, August 5th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.25.
South Jersey Industries Trading Down 0.0 %
Shares of South Jersey Industries stock traded down $0.01 on Friday, reaching $34.28. The company had a trading volume of 602,153 shares, compared to its average volume of 1,313,498. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 19.86 and a beta of 0.64. 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 50-day moving average price is $34.15 and its two-hundred day moving average price is $32.73. South Jersey Industries has a 1 year low of $20.75 and a 1 year high of $35.32.
South Jersey Industries Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Thursday, September 8th.