South Jersey Industries - SJI Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for South Jersey Industries in the last year. There are currently 3 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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3 brokerages have issued 1 year price targets for South Jersey Industries' stock. Their SJI share price forecasts range from $25.00 to $25.00. On average, they predict the company's stock price to reach $25.00 in the next twelve months. This suggests that the stock has a possible downside of 30.8%.
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South Jersey Industries' stock was trading at $35.53 at the beginning of 2023. Since then, SJI shares have increased by 1.7% and is now trading at $36.12.
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South Jersey Industries saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 7,420,000 shares, an increase of 74.6% from the December 31st total of 4,250,000 shares. Based on an average trading volume of 1,290,000 shares, the days-to-cover ratio is currently 5.8 days.
View South Jersey Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our SJI earnings forecast.

South Jersey Industries, Inc. (NYSE:SJI) announced its earnings results on Wednesday, November, 2nd. The utilities provider reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by $0.02. The utilities provider earned $608.52 million during the quarter, compared to analyst estimates of $400.86 million. South Jersey Industries had a net margin of 5.99% and a trailing twelve-month return on equity of 9.30%.

South Jersey Industries declared a quarterly dividend on Wednesday, November 23rd. Shareholders of record on Monday, December 19th will be paid a dividend of $0.31 per share on Tuesday, December 27th. This represents a $1.24 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, December 16th.
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 3.43%.
Read our dividend analysis for SJI.

Shares of South Jersey Industries split on Monday, May 11th 2015. The 2-1 split was announced on Friday, February 27th 2015. The newly minted 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 many different institutional and retail investors. Top institutional investors include Tokio Marine Asset Management Co. Ltd. (0.44%), Palliser Capital UK Ltd (0.19%), Hennessy Advisors Inc. (0.16%), New York State Teachers Retirement System (0.14%), State of Alaska Department of Revenue (0.07%) and Comerica Bank (0.07%).
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 $36.12.

South Jersey Industries (NYSE:SJI) has a market capitalization of $4.42 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.