South Jersey Industries - SJI Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for South Jersey Industries in the last twelve months. There are currently 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SJI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SJI, but not buy additional shares or sell existing shares.
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5 Wall Street research analysts have issued 12 month target prices for South Jersey Industries' stock. Their SJI share price forecasts range from $24.00 to $31.00. On average, they expect the company's stock price to reach $26.25 in the next twelve months. This suggests that the stock has a possible downside of 23.2%.
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South Jersey Industries' stock was trading at $26.12 at the beginning of 2022. Since then, SJI stock has increased by 30.9% and is now trading at $34.20.
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South Jersey Industries saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 6,340,000 shares, an increase of 27.8% from the June 15th total of 4,960,000 shares. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is currently 5.3 days. Currently, 7.5% of the shares of the stock are sold short.
View South Jersey Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SJI earnings forecast.

South Jersey Industries, Inc. (NYSE:SJI) posted its quarterly earnings results on Thursday, February, 24th. The utilities provider reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.03. South Jersey Industries had a trailing twelve-month return on equity of 9.74% and a net margin of 7.11%. During the same quarter in the previous year, the company posted $0.62 earnings per share.

South Jersey Industries declared a quarterly dividend on Wednesday, August 3rd. Shareholders of record on Friday, September 9th will be paid a dividend of $0.31 per share on Tuesday, October 4th. This represents a $1.24 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Thursday, September 8th.
Read our dividend analysis for SJI.

South Jersey Industries (NYSE:SJI) pays an annual dividend of $1.24 per share and currently has a dividend yield of 3.61%.
Read our dividend analysis for SJI.

South Jersey Industries shares split on the morning of Monday, May 11th 2015. The 2-1 split was announced on Friday, February 27th 2015. The newly issued shares were distributed to shareholders after the closing bell on Friday, May 8th 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

15 employees have rated South Jersey Industries Chief Executive Officer Mike Renna on Glassdoor.com. Mike Renna has an approval rating of 54% among the company's employees. This puts Mike Renna in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other South Jersey Industries investors own include Exelon (EXC), AT&T (T), Energy Transfer (ET), New Jersey Resources (NJR), Southern (SO), Federal Realty Investment Trust (FRT), Altria Group (MO), Procter & Gamble (PG), Philip Morris International (PM) and Ventas (VTR).

South Jersey Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "SJI."

South Jersey Industries' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Segantii Capital Management Ltd (1.60%), FMR LLC (1.23%), Grantham Mayo Van Otterloo & Co. LLC (0.73%), Principal Financial Group Inc. (0.62%), Rhumbline Advisers (0.30%) and Advisors Asset Management Inc. (0.29%).
View institutional ownership trends.

Shares of SJI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SJI stock can currently be purchased for approximately $34.20.

South Jersey Industries (NYSE:SJI) has a market capitalization of $4.19 billion and generates $1.99 billion in revenue each year.

The company employs 1,173 workers across the globe.

South Jersey Industries' mailing address is 1 SOUTH JERSEY PLAZA, FOLSOM NJ, 08037. The official website for the company is www.sjindustries.com. The utilities provider can be reached via phone at (609) 561-9000, via email at dfidell@sjindustries.com, or via fax at 609-561-8225.